Is it time to get out of the market? Only if you need money short-term – Minneapolis Star Tribune

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Have you ever seen little kids swimming even after their lips turn blue and their teeth are chattering? They eventually come out of the water, but long after rational adults would.

Welcome to the U.S. stock market. Stock valuations are the highest they have been since the tech bubble, with valuations rising 25 percent over the last three years, yet the kids aren’t even making waves.

In fact, the Dow rose every single month in 2017 and the MSCI All Country World Index has not dropped more than 5 percent for the longest period since its inception.