Well I work in the stock, bond, and real estate markets every day. I see securities, bonds, and property bought and sold every day for what I think are high prices and what I think are low prices. There are times when it is a buyers market and times when it is a seller's market. When it's a sellers market, people don't just stop buying. And when it's a buyer's market people don't stop selling because you need what you need when you need it. Always, always, always, the best way to get burned is to try and time the market. You might get lucky once in awhile, but you'll lose in the end.
Have a plan, stick to your plan, know the market you're competing in, but you can't play if you aren't in the game. That's what I tell all of my client's and prospective clients and I think it's a sound strategy. We don't do that as a club. No one can create their own market, especially not in a global arena.