Has the rally run its course?

For Euro and stocks it has been a heck of a joy ride. Is it going to end now? The Indian stock indices have almost touched their earlier high and caution needs to be exercised, in terms of being a bull. Does it mean the ugly bear will raise its head to bang the indices down? I do not know, in fact no one knows. As long as the easy money is running thru the system and needs to find ways to generate a return it is going to make another few attempts to take the market up. So best is to let the market run its course and make the deision. It is always easier to let the others decide, why take the responsibility?
Time will tell, all I wish is I would be with winning side at every turn!!