I remember seeing those stats sometime ago. I fully agree with you on rallying and then falling further. I think that it it likely for us to see a new ATH before a crash. I don't follow stocks much. But it could be that we had the end of a wave 4. Alternatively we could be in an ABC correction. I'not that experienced in TA. I find the current market sentiments to be too mixed for any major crash. I made a poll after seeing your post. Let's see how the results will look like.

I also agree with many things @crypticat mentioned.