Ease Off All the the Bubble-Calling

NEW YORK (TheStreet) -- There's something about bubble-calling that's irresistible to grown-up pundits in search of getting their names around. They are always calling "bubble!" It's the bubble in junk credit; the bubble in housing; the bubble in Treasuries; the bubble in higher-yield stocks. It never stops. This is yet another kind of binary thinking, like the not-lamented-at-allpassing of "risk-on/risk-off."