I'll answer simply: yes. We're always either inflating or deflating. There's so many risk factors on the horizon for a bubble pop it's ridiculous and obvious.

I'll answer simply: yes. We're always either inflating or deflating. There's so many risk factors on the horizon for a bubble pop it's ridiculous and obvious. That said, am I pulling out my 401K? No. Why? Because it's easy to see and get out of a downslide. It's extremely difficult to buy back into a market, because the recoveries are usually very swift. You'll miss it. And you can still win in any market. You just need to work harder at it sometimes.