Contrary Indicator?

[earthtodan]

(06-01-2014, 05:39 PM)Ok Red Wrote: I have 50% in cash ready to invest and will just wait until the inevitable correction. It's killing me to have that much cash, but after living through multiple downturns I know I have to be patient. The real question will be how to spot the bottom, or the approximate bottom. 20%? 40%? 50%? Who knows....

I know what you mean. I'm about 1/3 cash and it's burning a hole and dragging on my returns.