What Happen to Stock Prices If All Investors Just Index

Seems like more and more investors are throwing in the towel and just go indexing. I always wonder:

1. What happen and what are the consequences if all investors just index?

2. What is the % when things start to tip over?

Timing in trading/ investing is everything. Index funds work very well when markets are efficient and assets are fairly priced IE right after credit crisis, however today with a long in the tooth bull market a skilled active manager will do better. Central Banks all around the globe printing money, low interest rates this bull market may last another day or ten years no one knows.
 
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