How to Spot a Bubble

Have you ever wished you could spot a bubble in real time with a high degree of accuracy? Because it is quite easy to tell after the fact, especially a few years removed. You can point back at something and say, "clearly, that was a bubble." But if it was so clear in the moment, then it would have never become a bubble because nobody would have invested in it, knowing it was a bubble from the start. And so, I am going to give you five steps that you can use to test (a litmus test) to be able to determine whether something is a bubble, or not.