With the S&P 500 index making all-times highs this week, many investors are feeling reluctant to initiate new positions at current prices, and some also may consider taking some chips off the table. This is completely understandable from an emotional and intuitive point of view. If prices are at all-time highs, it looks like it's a good time to be selling as opposed to buying stocks.
However, the cold hard evidence indicates that all-time highs are no reason to stay away from stocks. On the contrary, strength begets strength in the stock market. New historical