...look, every period of overstretched market exuberance led by speculative fervour always comes to an END. The only question is WHEN.
...the indices won't give you a clue what is happening or what is about to happen, if you're in the market you have to Pre-empt and Anticipate.
...Buy and Hold for posterity works in good times, but in bad times, it is merely giving away your hard earned gains. A lot of the hard earned gains have already been eroded, even before Wall St implodes.