Madame Van Damme
I personally believe that the universe as we know it was formed in a similar way, but on a far larger scale. If the universe, time and space are infinite, then there is more than enough 'space', if you will, for big bang style events to be happening constantly and to be creating new galaxies and clusters of galaxies. It's just that we don't yet have the technology to see far away enough to pictorally prove it. However, I'm a big believer in proof and science, and I have a lot of faith in theories and mathematics.
The thing is, there is not enough "space" for multiple big bang events as a big bang event would be the expansion of space itself. The basic idea is that the universe starts "infinitely" dense and then the density falls off as space itself gets bigger. I suppose that there could be multiple such expansion events at the same time, but allowing such would require some very odd set ups of well-separated points of infinite density.
Ban
There are alternate ideas, such as a cyclic model based on brane cosmology, meaning that before the current iteration of the universe, there was just another universe.
Requiem in Mortis
Only theory I'm willing to accept is that there was another Universe prior to ours that collapsed on itself.
Due to the discovery of the acceleration of the rate of expansion rather than the expected slowing, such cyclic models have been more or less left along the wayside. From current data, heat death is a far more likely outcome.
Also, a lot of the work with branes is highly suspect in the first place given that there is no experimental data upon which to build the hypothesis nor the hypothesis from which it is built. Furthermore, recent LHC results I had thought had been rather bad for string theory and thus m-theory as a result [failure to produce microblack holes, failure to find the lightest supersymmetric pair, but I am a condensed matter guy and not entirely up to date with high energy stuff].
Requiem in Mortis
Or at least not the whole "everything exploded into existence" model that everyone associates with it.
That is a good thing given that this is a very bad description of the big bang.
EDIT: I just realized that I never answered the OP's question. My basic belief is that we currently lack sufficient information to be able to make any good statement about the cause of the big bang or what was "before" it. I am personally partial to the idea of a zero energy quantum event or the decay of a false vacuum, but I don't really put any real stock in these ideas.