Money manager Sameer Arora believes that after the rise in the stock markets of India and America in the last few years, nothing like ‘bubble’ has been seen till now. He also said that apart from equities, he is also bullish on gold. Speaking to CNBC-TV18, Arora said, ‘In the last bull run, we did not have a case like bubble boom. This period has been quite measured, because the supply side has been fine. People take it negatively, but supply has kept the entire market in balance.