Ok, one more point.
The history of the US stock market is basically wait a decade and then get enormous returns for a while....then wait a decade....then get massive returns. Lots of long waits.
That pattern suggests we just got all the returns and we should pull in our bets, buy a ton of bonds and just collect coupons for a while while we, most likely, wait for the next big bull market and we avoid the coming wait/bear markets.
The vertical rise since 2011 is...unsustainable and suggests we've pulled forward many years of returns.
I might do some of that pulling in chips...so much money has been created.
In any case, I'll wait until the market falls below the 200 day before selling.
the hard part is knowing when the big decades-long rally is over and it's time to be cautious. The 200 day rule is the best way I know to do that. Or 300 day I suppose, to give a little more wiggle room.