You Know It's a Bubble When...

Priceline had a market cap in 1999 that was greater than all the US airlines combined.

Today's bubble indicators are Barclays, the British investment bank. Barclays has leveraged their assets 60X, for a value currently greater than the whole British economy.

And just so we don't neglect our beloved homeland, news is out that 15% of homeowners or 7.5 million households are now spending over 50% of their income on their money losing house. This is UP from 7.1 million a year ago.

Numbers above courtesy of David Rosenberg, Merrill Lynch.