I decided to be mostly cash now rather than stocks. I just can not buy stocks when they are this high as I worry what is the upside. Stock markets fall the most as soon as we enter into a recession and they recover fast so I want to be prepared.
How do you define it's high? P/E ratio of most value stocks is not much higher than ever. Don't exclude technological advancements, they really contribute a lot to economical growth.
I am likely too soon though...