This bull market is almost 10 years old. We are overdue for a "breather".
I've been hearing this for years. It's just FUD. Yes, the market will deflate again, but in the long run - and I assume the OP plans for the next 40 and not 3 years - it's hard to beat the stock market with other non-time-consuming investments.
What about these 4 guys just before 2008?
• Economist A. Gary Shilling warned his newsletter subscribers about a housing bust and wholesale deleveraging of household debt that would hobble the economy for years.
• Money manager James Stack also told his clients the housing bubble had burst and that a new bear market was coming—while stocks were hitting all-time highs.
• Raghuram Rajan, then chief economist of the International Monetary Fund, said the amount of risk and leverage in the system was much higher than most people thought.
• John Mauldin said a housing bust would lead to a drop in consumer spending, a bear market, and a recession (though at first he thought it would be a mild one), and that credit default swaps (CDSs) posed a systemic risk.
Plenty of folks "predicted" 2000 dot com crash and 2008 crisis. Noone listened though.
nothing. goes. up. forever.