Interesting. I have a lot more respect for Novogratz than most of the other bubble forecasters. I still think he's jumping the gun here (though I think we should go higher in the mid-term).
I don't see anything interesting in these active faces in the media thinking to know more than everyone else. It's a guessing game that he's participating in, and time will tell how much of his talk will turn out to hold any value.People are too bullish at this point, which is quite an indicator that there is a decent sum of money to be made by shorting their excitement. I'm thinking about going short between $9500-$9700.
If we happen to reach that far, the price has gone up considerably in a very short period of time and is due for a correction. Breaking through the $10,000 mark will form too much of an obstacle considering its importance.
