I plan on buying ATM Monthly puts on IWM once it reaches the top of the in order to minimize my risk. I expect the end of the week to be further down from here. If it does not reach the I will wait a while to buy cheaper stocks.
If it just keeps going up I guess all I can say is that I was wrong. It's impossible to predict the market completely but I think its ridiculous people ignore stocks valuations and earnings. The market is horribly overextended right now and there isn't much a smart person would want to buy at the moment.