@davemclure: "agreed we aren't seeing any lack of capital availability. maybe slight stepback in valuation by 10-20%"

There's an interesting discussion about this on Twitter:

http://twitter.com/#!/naval

Some other choice tweets:

@naval: "Early stages of decline, IMHO. Asks high, bid low, median deal not clearing as fast"

@naval: "Top tier deals still hot. But bottom falling out. Make your own sub-prime analogy..."