After a new high we probably will have another new high

Companies are racing to issue stock and bonds because markets are high, offering great prices for sellers, said Michael Farr, president of Farr, Miller & Washington, which oversees more than $950 million in Washington, D.C.. Issuers are grabbing current terms before markets fade. That makes experienced investors ask themselves a classic question: If the smart money is selling, should we be buying?

http://blogs.wsj.com/moneybeat/2013/11/10/flurry-of-stock-bond-issuance-is-a-danger-sign-for-markets/

This plus this graph from John P. Hussman, Ph.D. What to say? SELL ? No way i think after a new high we will probably will have another new high. Even if the next 10 years are not going to be great i think the next year could be very ok? Why? because when the markets are at new highs nobody is loosing money (Except the shorts & skeptics)  and the i see more pressure from people in the sidelines to buy than people that are in to exit. When is the ideal time to sell? after a big correction has started, you have to lose some 10% to 15 % and let some time pass before cutting.