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Take one look at the stock market and you might be tempted to scream "bubble!"After all, the S&P 500 has now blasted through levels we've seen during the dotcom bubble and the housing/credit bubble.

However, taking a brief glance at some indexes is no way sniff out a bubble.

In a recent note to clients, Javed Jussa and the quantitative strategy team at Deutsche Bank take a deep look into the various bubble indicators.

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