Things that identify a bubble/Top

When the DOW is 5 digits long.

 

Super-exponential growth, log-periodic oscillations... at least according to Sornette.

 

Things that identify a bubble/Top:

When G. Gordon Liddy and Pat Boone are on TV telling you to buy gold NOW.

 

Usually when I buy something, that means it's close to the top.

 

The two most obvious and ominious signs that I ever got:

1) the girl who cut my hair told me that she owned two condos pre-construction and that real estate never goes down.
2) the BrightHouse networks cable TV installer told me that he was a real estate investor and owned 5 newly built homes ... and wanted to buy more.

This is not a joke - 100% true! At that time (Florida circa 2006) almost everyone was telling me that I was an idiot for renting and not buying.

 

everyone at the health club became a real estate agent