The Market at an all time high

It worries me to see where the market has risen to, as it rises beyond its 2000 and 2007 peak. I feel there is a bubble ready to burst and it will all end in tears. The world is in a very fragile place right now and in a much worse state than 2007 with massive borrowings by world Government’s and individuals. The man in the street has stopped spending and nothing will change until the public starts spending again. Interesting how the markets have got to where it is, with the help of the Fed stimulus spending over the last couple of years. The market has to stay high to avoid the world going in to a depression. My long term charts are indicating a correction is due but the short term charts are still in an upward trend. I will be watching for changes in the short term charts  which will give me the first indication of a correction. So in my opinion it’s time to be careful.