While timing the market is a no go, from 2000, 2008, now 2016 it does seem we're at the peak again so it does not make much sense to invest in recent years? I stopped putting money into the stock market since a while ago due to this obvious trend/concern(interest rate has been zero for too long, stock has overrun the real economy, stock peaks after 8 years since 2008,etc)
>>I stopped putting money into the stock market since a while ago
These two statements are in conflict with one another. You are literally timing the market by not investing anymore. Just invest every month and you will be much better off.
There's a big difference between timing the market and looking at p/e ratios or debt load for stocks (or entire indexes) and deciding that they are way over valued. If you also think bond interest rates are too low likely to climb, hold your cash and come back to pick up stocks when they are cheaper. There's nothing wrong with that strategy as long as you are buying and selling on value and not trying to time a crash. Let the mob chase the yield down the rabbit hole.
If no one did this and everyone was just long everything forever, the market would be immediately broken.
edit: While I think John Bogle is a hero of the investment world with advice that all investors should heed, the Boglehead-Dunning-Kruger-effect can be profoundly annoying. They are a fantastic starting point and they address the most common mistakes, but it's a wee bit more complicated than Bogle's rules if you really want to learn equities and investing.
The US Market 1981 to present is something of an anomaly that isn't likely to repeat. The same goes for the post WWII era. I'm not saying going long everything is a bad strategy necessarily, but like all investments, it's not guaranteed and has risks. There's nothing wrong with taking value into account when buying investments. It's very different from selling stock out of fear or because of a crash.
