Exactly. I think a lot of us did know that a crash was likely. I knew at the time that the dot com valuations made no sense and later on we were likely in a real estate bubble. I think a lot of us knew that. The complicated part is that hardly anyone (perhaps nobody) knows exactly when the crashes will take place, to what degree and when they will be over. If you knew that with any type of regularity, you would be one of the wealthiest people on the planet.Admiral wrote: Of course we will be blindsided... because of course one cannot know for certain what the future holds. That's the definition of a crash. Otherwise it's just a bear market. I think what you're reading is that in retrospect the signs were obvious, except for a very few individuals who shorted the markets. (Of course, much always seems obvious in retrospect.) And there are those who perhaps saw it, but chose not to churn but to stay the course (and wisely so in most cases).
The point is not that a crash won't come: it will come, as it always has. The OP was asking how this market feels compared to other bull runs. That's what people are posting about: how they felt then and how they feel now.
That's why the best strategy for most of us is to choose an asset allocation you are comfortable with and stick to it.