Wharton finance professor Pavel Savor echoes the note of caution. "Everything is very peachy now, and maybe the only way to go is down, but I would say that nothing is imminent," he says. "Last year was the best on record by size, and 2007 in all likelihood will be even better in terms of activity. Whether it will be a good year for investors is an open question."
Note the following words: caution, peachy, maybe, nothing is imminent, likelyhood, open question!!!
The only thing I could make out is "Much ado about nothing". God save me from self righteous, preachy experts.