Everyone is discussing a bubble suggest we may not be in one

Do you remember this book published in October 1999, right before the Nasdaq bubble topped out? The authors were ultimately correct, but perhaps a quarter of a century too early . Back in the late 1990s, the investment world was euphoric, giddy, and complacent. Today, there is widespread concern about an equity bubble.

I think that the fact that everyone is discussing a bubble suggests we may not be in one yet. Currently, corporate #profits are strong, whereas in the 1990s, stock prices surged even as corporate earnings began contracting in 1997.