Will the bubbles pop all together?

The M&A party is rocking. And spewing lots of junk debt, with a good chance of a hangover in a few years from now. The same is expected sometime in the early future with real estate, after the home real estate party of the past few years. The Dow has been at it as well, and its a fair bet that can end anytime. The dollar is declining, and that could continue as US asset markets weaken. The consumer is still spending, but retailers are having to work harder with discounts, and the dollar decline does'nt help the cost of imports. So the market is a little nervous on the consumer front as well. Sounds like things have built up all together, and they could pop all together. If it happens that way, it will not be pretty. But I hope it plays out differently...