If I'm not returning false from an event callback, or using e.stopPropagation feature of jQuery, the event bubbles up the DOM.  
In most scenarios I don't care if the event bubbles or not. Like with this DOM structure example:
<div id="theDiv">
    <form id="theForm" >
        <input type="submit" value="submit"/> 
    </form>
</div>
Normally, I don't have multiple nested submit callback like this:
$('#theDiv').submit(function() {
    alert('DIV!');
});
$('#theForm').submit(function(e) {
    alert('FORM!');
    e.preventDefault();
});
Fiddle
That DEMO shows the submit event bubbles to a <div>!
It has no difference to me if I stop the Propagation or just prevent default.  
In those scenarios, If I stop the propagation will I gain performance benefits?
 
     
     
     
    