What happens next?

I made this point before, back when there wasn't anyone taking any hint of new all time highs in SPX and DJIA seriously.  Remember 'the top is in - March and April'?  And hinting at new 5 year highs in NDX was even less credible.  So I won't make that point again.  But pictures might be worth a thousand words.

1987:

2000:

2007:

 2014??

 

Jim