This is like the 100th boom busy cycle in the stock market and each boom has been bigger than the last. Why not invest in equities? Because past performance is

This is like the 100th boom busy cycle in the stock market and each boom has been bigger than the last. Why not invest in equities? Because past performance is not an indication of future performance, and because you don't know when the cycles are going to fall. Unless you're willing to lock up that capital whilst waiting for the uptick you're taking a huge risk.