[legion]

From '98 - 2000 we had the Dot Com bubble.

From 2004 - 2007 we had the RE bubble.

I propose a theory. The baby boomer generation is nearing retirement, they haven't saved enough, and they are chasing every upside trend in a sort of get-rich-quick scheme.

I predict the next "bubble" will be in commodity prices. Oil, corn, and gold specifically, maybe others. I think oil prices are going to be kept artificially high in overreaction to every Atlantic storm and every geo-political crisis--real or imagined. Because oil prices are high, we will need an alternate fuel: ethanol. So corn prices will stay high. Gold? It always goes up when people are jittery about the economy. I think the next thing the pundits will be pushing is a bad economy because of oil prices/dependence on foreign oil. Corn is our saviour. Gold is our refuge.

Of course, this will be just another house of cards.