According to the above chart the market has been overvalued since 2015 Q4 -- and the market has gone from 2100 to 4400. Not a good decision to sell. The reason these markets have gone parabolic is because there is no where to put your money. You can buy real estate, art or stocks and stocks are the only liquid instrument. That is because the bond market is essentially dead for investment. Draghi and his cronies at the ECB destroyed the bond market in Europe and the Asian debt markets are effectively domestic only.
You're posting utter bs. Amazing you can't find value; it seems you have almost no research skills. You just seem to be emotional like S2007S all the time lost in pointless conspiracy theories about the Fed.
Many of these traders have no idea how to value stocks. There has been significant earnings growth since 2015 and I rarely see someone on here recognize it. This "parabolic" talk if bs as well; on a percentage basis the index returns aren't anything unusual this year. Factor in 6.4% GDP growth we may not be done.
I think a lot of your problem with this surging market is you've talked yourself into a negative mindset, talked yourself into a corner and with blinkers on cannot see another way. There will be many more like this, brain conditioned to expect a gawd almighty crash anyday soon and cannot enter the market. This is very a very bullish signal imo where a huge number of negatively inclined traders are sidelined.
You have finally contradicted yourself in one fell swoop. You preach to the masses that it is all rigged to the upside and to buy the cash close and sell the cash open, and to never fear, dip buyers are here. It is "a strategy that works." But you in the same breath say you use stops. You do not trade with real money, and thus have no idea what you are talking about. You have a split-personality.