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So the question for the Hocuses, How do you know when to buy, before your lifetime ends? And the bigger question - What if you're wrong? 
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I wanted to try to give my answer to this, but I admit to being turned off by the identification of caution with *****, whatever he or that is. To me, ***** has an unfortunate way of expressing himself, but he is not necessarily wrong because of that. In fact, he may be right in spite of that.
I will say one thing- there are lots of measurable things which don't seem to agree with the assessment that there is no euphoria. Euphoria is a strong word-maybe excessive optimism is more what I am referring to.
As to when would you buy, I see it like when will you buy a beef tenderloin? You buy it when it seems to offer value. If it never does, don't buy it. It is quite easy to survive without owning US stocks. One's goal is enhanced purchasing power over time, not ownership of stocks.
Mikey
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Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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