I don't know, clearly - no one knows. I do know that investing in equity during the hot years is not a winning strategy at any point in time, unless you sell b

I don't know, clearly - no one knows. I do know that investing in equity during the hot years is not a winning strategy at any point in time, unless you sell before it goes cool. At least from an index based fund perspective. If you stock pick (i.e. Amazon at peak 99 prices you would still have performed exceptionally well) The stock markets are cyclical - it's tough to see how we can continue to buy into a market that is considered overbought by many financial talking heads. Once returns materialize elsewhere + cap gains tax changes materialize I expect froth will come out of markets...