The Globe and Mail reports in its Saturday edition that stock markets are at the point where investors need to realize it's bubble time. The Globe's Tim Shufelt writes that we are living in the age of bubbles, and all an investor can do is learn to live within them. Records are being broken around the world, even in countries facing recession. Large-cap stocks in the United States have rallied fiercely, gaining 25 per cent in five months, which has happened just 10 times in the last century. Gold and crypto are in record territory. Even the unloved Toronto Stock Exchange is on the cusp of rising past its high-water mark set in 2022. Blame pandemic stimulus, easier access to financial markets or the high risk tolerance of a generation of investors that came of age in a golden era for stocks. "There's probably still too much money floating around," said Craig Basinger at Purpose Investments. "People just jump on these things a lot faster now." You do not have to cherry pick the financial data to find other signs that markets are brimming with enthusiasm. The closely watched Investors Intelligence market sentiment survey showed the pessimistic camp falling to 14.5 per cent -- the lowest reading in six years.