Winner of the Nobel prize in economics just said to pull your money out of the stock market

Winner of the Nobel Prize in economics Richard Thaler said to PBS news hour tonight that Americans should consider pulling their money out of the stock market .
Go to 8:50

“As far as the stock market goes, I’m a little worried about it
there’s no real explanation for why it keeps going up other than low interest rates and people aren’t sure where to put their money
if i were giving advice, i’d say not to spend the 10-15% of their pay and put it in the stock market and take a little of that money off the table IF You’re LIKELY TO NEED IT ANYTIME SOON
h/t Astral Goat