In a bull market be long: in a bear market be short: if unsure, be in cash. Be aware that if you short a falling stock in a bull market, someone somewhere is quite possibly accumulating cash with which to make a bid to take over that company whose stock you're shorting - even the rumour of a predator could wipe out everything you've done.
Well the other night I saw a shining star in the east. Then these 3 guys came by who seemed to be wise guys and they said they were intent on following this star no matter where. So I thought well that's just going to lead to trouble..... 'course, it might have just been a police helicopter.......
It's like asking "why can't I knock this guy out" when you have thrown everything at him. The time for the haymaker is when he's already staggering and almost falling over. When shorting anything, the tactical equivalency is a topping pattern (trend failure, usually seen as a broken parabola or head and shoulders pattern). Are you seeing anything like that here? (2008 shown in the far left for reference):
and about indexes, it's strange to me to look at them just "alone", it's still valued ins USD, which is empty money, printed to the sky. Interesting chart below:
Massive amounts of capital looking for a place to call home, that's what. You want to bet against that based on a hunch? Good luck.