Everyone knows this, but they also know that the market will remain irrational longer than they will remain solvent. Main question for me is how well do previo

Everyone knows this, but they also know that the market will remain irrational longer than they will remain solvent. Main question for me is how well do previous indicators of this kind of activity predict the CURRENT state of things. Which fundamental cascade effects have we missed? Most of the time the things that cause the crisis are not the contagion problems you predict (obviously). If I could see it, I'd be hedging :) If I had to guess, I'd say more like the Savings and Loan crisis than 2008, but I'm an optimist.