Hmmm time to buy? I make a bold prediction..

Fun site: http://wallstfolly.typepad.com/wallstfolly/

I ponder if the market is about bottomed out for now.
I think its oversold a bit, so I would not be surprised for a slight rebound this week.

That being said,I would not load up too much for the long term because I feel the market is going to be weak for the foreseeable future (ie, 3-6months), and likely sag slowly like Japan has over the past 15 years. That sucks.. but one has to step back and think.. the market has always gone up in the past since 1932. It has its hiccups but its always been rising.. who says it has to keep rising all the time??

Note, Nikkei index was at 38,000+ in 1989. What is it now? Its been trading between 10k-20k for some time, and is presently below 10k as is the DOW. Thus.. if the DOW falls from its alltime high of 13k... down to 6k, should we be so shocked?

For me I'm staying in cash but may dabble in long/short positions to make a few bucks on the side. But not much long term plays. I've learned I can't pick long term winners in general.