For the S&P 500, There have only been 3 periods in history after 1957 where both the P/E (cyclically adjusted) and the distance from the 200 week moving average were both in extreme territory (Shiller CAPE > 35 and D200MA > 30%).
own assets in tax advantaged accounts (roth ira). do not own cash.
there's only one way this ends: debasing currency to devalue the debt
financial assets are up only