I completely agree that the most troubling factor about the bubble is the belief by so many that it will happen. In the past that kind of assurance has been met with surprise when some un-predicitable factor like the fed and money supply stepped in and shocked the system
Plus I now am sitting on way too much cash. I can get 5% on short-term treasuries, or .8% on Swiss Francs, but the lack of any real robust returns has left me un-comfortable – like what am I missing?