Take your pick stock bubble, bond bubble, student loan debt bubble, Housing bubble (mini) , FED bubble on rates - simply cannot raise even if they wanted to. I pick bond. TLT (which relates most to mortgage rates,. housing, etc.) Brick and Mortar retail real estate ( i.e. malls) and middle class service, etc. are in real trouble. Vacancies increases, and no one wants to rent. Housing rents increasing, no one wants to buy, even at these ridiculous mortgage rates. It ain't working folks, and no amount of spin will change it. IF TLT BREAKS ABOVE ITS 200 DAY MA AND HOLDS, watch out folks, Greece could ruin the day for stocks, but will only be the front guy, for what is looming behind it. ECB QE too little too late.