I'm Not Buying Markets Making All-Time Highs

The American stock markets are at all-time highs, the Japanese market is 50 percent below its all-time high so I own Japan, I own China,  I own Russia, I own things that are depressed on the idea that if things do get better these markets will catch up and if they don't get better at least I'm not going to get destroyed in some of these markets making all-time highs. (Nikkei 225, Topix Index, Shanghai Composite, S&P 500 Index, Nasdaq 100 Index)