Do You Think Another Tech Bubble is coming?

From Adam in a comment: The bubble word trips me out a little bit... Especially when people talk about the bubble bursting. It never bursts... it just rises and falls and it happens all the time. For instance If you look at 2006 we drove over 100,000 ring tone leads. But in 2007 a lot of people got greedy and the ringtone market went to crap due to consumer mistrust by deceptive marketers. It got so bad that Google even made a special rule that NOBODY could drive traffic to mobile subscription offers. When Google took this stance it created a great opportunity for us being we actually had a free ringtone website. Our costs in Adwords went down about 85% and we collected over 200,000 new users in 2007. The online casino industry to quite a hit which started in q4 of 2006 with the banning of Online Poker in the United States. For many people that bubble shrunk massively in size. I knew many people doing thousands a day in affiliate money who sold their sites for peanuts to big name online casino companies. Again where one side saw a shirking of the "bubble" another got a great deal on a website. When poker becomes legal to play online again (and I think it will... it will just need to be properly taxed and regulated) these sites will be worth a fortune again. Offline in Real estate in various markets you are seeing inclining and declining prices for property. Here in Lincoln Nebraska there are 80% more houses on the market right now then at this time last year and prices are dwindling. As the real estate sellers bubble decreases in size the buyers is increasing in size. The stock market right now is at a all time high. I hate the stock market. People are pleased with returns like 12-15% on their money. I do not have much money in the stock market. I believe in myself much more then the market. I just do not understand putting your wealth in someone else's hands to gamble for you. I am getting off track here but obviously the stock market is one of the best examples of how bubbles work... little bubbles all around inflating and deflating. I think there are bubbles growing in size all around us... and at the same time some bubbles are retracting but none are popping. But new opportunities are out there every day. We just are now getting into the Mixed Martial Arts scene with fighters.com and I really feel we are getting on at the right time. With bubbles try to keep in mind Newtons 3rd law of motion: Every action has an equal and opposite reaction. When the bubbles do deflate or pop or burst they will create enormous opportunity(s) for those that have been smart with there money and are ready to take advantage of them. So that is my thoughts on the subject... What is yours? P.S. Techcrunch just did a post showing numbers of Venture fundings for the last 8 years