Without fail....money always follows performance....and the majority will always lag because of it.... We are getting closer to the commodity full level away from stocks.... When one sees ie Calpers...etc...getting on board.... It is time to start looking elsewhere....
"Institutional" money gets onboard during the middle of a trend. "Retail" money gets onboard at the end of a trend. That's when you need to be "careful".
A better way to put it is that money never follows underperformance. I say that because when the price gets too "high" for a good performing stock, you get some nasty down turns. Of course, if you're talking years, it's true!