> In the current late stage of a cheap debt infused bull market it appears to be more sane to predict a crash and hence discourage people form investing in it a

> In the current late stage of a cheap debt infused bull market it appears to be more sane to predict a crash and hence discourage people form investing in it altogether (or at least be extremely cautious) rather than speculating on where exactly the market top will occur. People were making the same argument in 2012.