After two major bubbles in the past two decades, everyone wants to be the person to spot the next one.
“Bubbles are never recognizable when you’re inside a bubble,” said Jim Stack, president of InvesTech Market Research. “It isn’t acknowledged until after it deflates, and people say, ‘Wow, things got really out of hand there.’”
The Standard & Poor’s 500 reached its 25th record high of the year on July 14, and the bull market is now in its eighth year. Are there signs of bubbles? Sure. And they’re all debatable. If there is a bubble, we’ll know it when it bursts. In the meantime, here are some things to worry about.