I was going to say this in another thread, but it makes even more sense here: you can only have a bubble when the masses of the public become involved. maybe this is the regulatory change that will facilitate mass/consumer/retail participation in this private company investing bubble. It needs something like this before it can get to the bubble bursting phase. The housing bubble didn't burst until everyone in california was trading up there home each year and the tech stock bubble didn't burst until everybody was watching cnbc and talking in the street about internet stocks.