History shows that simply recognizing a bubble, even when everyone seems to be aware of it, does not necessarily mean that a crash is imminent. The crash will come, sooner or later, but no one knows precisely when. Even the best technical indicators cannot predict the timing with 100% precision. Take Shiller's P/E ratio, for instance. When it climbs above 40, it's often seen as a red flag signaling a potential market bubble. But hitting that level doesn’t automatically trigger a crash. For context, it surpassed 40 well before the dot-com bubble actually burst. Such signals, therefore, should be treated with caution. ... (full story)