I feel like this is the biggest bubble of all time but what if I am wrong ? And if it is the biggest bubble of all time , what's next ? This could be disastrous, two decades of misery or longer. But the bears have been dead wrong for a long time, I don't want to be part of those bears watching from the sidelines but it seems like it's gonna be time to join them. One thing bothers me, valuations on equities remain very reasonable . Everything else screams of bubble, every where,equities, commodities, collectibles, art, real estate, emerging markets . China looks like a huge bubble like Japan in the 80's , I would say worse because there is so much unknown with China thanks to the involvement of government, and it's just a factory for the US consumer without the product innovation Japan brought to the table.