What caused the bubble to burst in the late 1980's, primarily, was that the card companies realized they could print huge amounts of money, so they kept the presses rolling and absolutely flooded the market. That's always going top be the danger with modern - there is nothing to stop card companies from continuing to crank out stuff. Unless they state something is a 1/1 they can make as much stuff as they want, even years after the original release. I remember buying 1987 Topps "cut" cases well into the middle of 1988 and being told by someone that those sheets were still being printed.
Even with the 1/1 concept, they can come up with different gimmicks to create dozens of 1/1s by making them different in some way - different photos, different border colors, whatever.
Bottom line, with this kind of crazy money being spent on modern, expect the card companies to start capitalizing on it.
Vintage, aside from the ever present counterfeit and doctoring threats, has a finite supply, save for the occasional "new to the hobby" find.
If I had any modern stuff that had gone crazy price-wise, I'd be dumping it. If I had any big ticket vintage that was moving up, I'd hang onto it awhile longer, maybe forever.
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