Text size this story is by  "I have no doubt that we're in a
bubble again. If the momentum persists, we're sure to see things
from the past cropping up again. The first indications were
analysts' recommendations that sent share prices spiking, a
stream of people asking what to buy, and rising interest in
unknown small-cap shares." (Udi Gelbard, chief executive of CIBC
World Markets' Israel office, in an interview with TheMarker
Magazine this week.)  We have no doubt that if anybody can spot
a bubble, it's Gelbard, given that he's been running the world's
biggest trading room for Israeli shares on Wall Street for ten
years and then some.  He's seen it all. He watched Geotek soar
in value to $1 billion, attracting thousands of overexcited
Israeli investors, only to go broke. He's seen IIS reach a $300
million market capitalization, only to wind up delisted. He was
there when Gilat Satellite Networks raised half a billion
dollars overnight, only to wind up crashing to bankruptcy
proceedings.  Since the Tel Aviv