The red hot debate over the raging bulls

How far can this bull market run before the bubble burst?

Many observers of global markets are asking this question.

The best is yet to come says Jim Rogers, George Soros' former right-hand man. "This bull market's got another 10 to 15 years to go."

A BBC article gives the results of a credit splurge, hard to ignore.

(1) UK house prices have doubled in the past 10 years.
(2) China's main stock index has quadrupled in value since the start of 2006.
(3) The UK's FTSE 100 and US S&P 500 stock indexes are at levels not seen in almost seven years.
(4) Commodity prices have been buoyed by strong global demand, pushing some such as copper to records.
(5) Merger and acquisition activity has taken off, and private equity firms are now in control of some of the world's biggest brands.

Asia'a other economic giant India is experiencing the longest Indian bull-market. Its main stock index, the Sensex took under two years to double from 7,500 (August 2005) to 15,000. Prior to that, it took 13 years to move from the first brush with 3750 (March 1992)to 7,500.

Financial pundits are gazing into crystal balls to determine the future trend of the raging bulls. Some speculate that oil price may be a determining factor. The US led campaign in Iraq, the pressure to pull out of Iraq and the tensions over Iran are factors closely being watched.

The red hot global economy is under nervous scrutiny.