Is the equity Bubble bursting?

Sp500 Is currently down 10% from ATH, Nasdaq -15%

I wanted to make a poll but i can't, anyway the opinions i keep reading are:

1-Yes, Bubble burst and this Is Just the start of a big drop.

2-No, we are in a bubble but people still have a buy the dip mentality and so we will make another leg up before the big drop.

3-There Is no Bubble at all, tech stock are tust a bit overpriced but nothing like dot com Bubble because now they are actually profitable,and this Is Just a healthy correction before resuming the bull run

Where do you stand? And why?

I'm with #2, you can elaborate your own option of course