>The main way I see that happening (a stock market bubble pop) is when the Fed raises interest rates significantly. <
Agreed. Some learned folks believe that the Fed will never again raise interest rates significantly, because that will make federal borrowing more expensive. I tend to think that those learned folks are correct.
We are all pawns in some big game not of our making.
I regard all this as proof positive that obama suppressed the market in various ways. The DAY we knew the wicked bastard was done was the day the market took off. ‘Nuff said.