We are in the big downslope on the bubble phase chart. Proof is by apophenia. Question is what is the baseline. On a linear baseline we're all doomed and the bears will gnaw our bones. A linear baseline is utterly irrational, in my opinion. The admissible choices are (1) logarithmic baseline in exp(5/4), and (2) logistic baseline (some parameters for which remain unanalyzed).