There can be psychosis w/ bipolar 2, but only during depression. I wound up with a BP 1 dx when I had psychosis during a manic episode. Not sure why it's diagnosed that way, because I don't think my mania rises to the level of say, someone who completely loses it and walks down the street naked in the snow. But I also know there's a big difference in intensity between what I know as hypomania and full-blown mania, so I guess it's the right diagnosis. I trust my pdoc and he is VERY cautious about diagnosing and prescribing for bipolar, so when he says I'm manic, it's time for someone to come get me down off the moon.