Yes the bubble has popped again, just like it does every two months. Liquidate your games while you still can or get caught holding the bag.
Also, people gotta stop bringing up The Hobbit. It's a TERRIBLE game and the fact that it STILL trades at north of $6,000 instead of being worth Big Guns money is proof of how strong the market remains. If a show flops on broadway it doesn't mean the "broadway bubble is bursting," it just means the show might suck. That's what we have in the Hobbit.