If this becomes the crash, (which of course the stock market will recover from), I had expected more of an extreme run-up first. As in, much more than we've seen already which has been a steady climb for several years.
The time to buy was after the crash in 2008-09, or any time since but especially then. And Tabs correctly predicted that crash, I tried to get some people to pull out before it happened but no one believed me. Tabs wrote a compelling argument for a coming crash and it was 100% right. Of course, the writing was on the wall w the mortgage crisis and banking collapses telegraphed but people still didn't want to believe it.