I have to think you are correct. Even if there are valuations that are unwarranted, it is not equivalent to the Dot-Com bubble, where almost all companies were

I have to think you are correct. Even if there are valuations that are unwarranted, it is not equivalent to the Dot-Com bubble, where almost all companies were getting flooded with cash and high stock valuations on ZERO revenue. I don't want to ignore the possibility of a secondary recession, but I can't see much merit in talk of a 'bubble bursting'. This isn't much of a bubble. A dangerous bubble is when your neighbors, parents, sisters and coworkers start talking about leaving their jobs and making it big in 'whatever' the big thing is...real estate, dot coms....gold...this might seem like the case in SV, but it isn't common anywhere else in the country, yet.