Looking back at the tech bubble of the 1990s, for example, all of my friends in technology point to the acquisition of Netscape by AOL for $4.2 billion as the obvious top of the tech bubble.

We've discussed many times before how 2016 is looking a whole lot like 2008, right before Lehman went under.

And the next time around, as people look back and try to find the top in retrospect, the following news may certainly be one of the candidates—

Yesterday we found out that the government of Ireland is set to issue a bond with a duration of 100 years. An entire century!

Just think of how much has happened in the last hundred years. How many wars. How much debt. How many crises.

And just imagine what the next hundred years looks like.

It seems absolutely insane to take a bet on anything for an entire century, let alone a government that basically went bankrupt just a couple of years ago.