By John Wasik, Forbes
How do you know you’re in a bubble? No one seems to have an exact formula, but as we steam into the sixth year of a bull market, it’s time to start asking some pointed questions.
When I was speaking yesterday on Wall Street at the fabulous Museum of American Finance – which has a great exhibit on the 100th anniversary of the Federal Reserve — the concern about the economy and markets was everywhere.
Now is the time to start the intellectual hand-wringing since we’re at the end of the Bernanke recovery period. I’m not saying the world economy is on solid footing — it isn’t — but there are some red flags we need to pay attention to.