Out of curiosity I checked the archive randomly.
In april 2010:
"The corollary to this level of rich valuation is that our projection for 10-year total returns for the S&P 500 is now just 5.3% annually"
So, 5 years in, how did that work out?..
hm, checked some other random ones. Every time they seem to talk about unfavorable valuations and market being "overbought". Is that always the recommendation? Apparently there's a bubble in 2003, 2004, 2005, and 2010, and now 2015. And that's just the ones I looked at