DOW gets to about 27k, some moderately bad news comes out and we start a plunge for a few days to a little above 26k, and then start our crawl back up to 27k. I'll be tempted to move some to cash next time we approach 26900 or so.. But probably won't. Not really my style... But I will be buying tomorrow.
Definitely not a market I want to trade.
We are headed to 1800 on the SnP
LOL. Perhaps at some point in the next century, you'll be right. But I would not start buying puts yet.