I think the amount of turmoil around these deals is giving more weight to the possibility that we’re in a massive bubble thats quite divorced from any kind of fundamentals. Sooner or later the bubbles gonna burst.
The problem you don't know which innings we are on and it may very well be the 4th/5th. More often than not you lose more by not participating in the run up and waiting for the collapse. I'd rather ride the wave (as intelligently as I can) than be on the sidelines just so I can say I told ya so.