(06-19-2014, 08:05 PM)kayboy Wrote: I give up! I've had it! I take some profits and have a little cash sitting around doing nothing, but I don't want to buy at these levels, but I want my money to be working for me. I don't want to start a new position because as sure as I do, the market drops 30% tomorrow. The only answer seems to me, is to take a deep breath, do nothing financial and go cut the yard.
I can watch my net worth grow or sink in the market a penny at a time while I wait for the inevitable. "There's no education in the second kick of a mule".
Cheers,
kayboy!
GE, MCD, XOM, ESV, BAX, O, PG, RCI, CVX, KO and SE are all below fair value, according to Morningstar. There are others on the list.
IMO, the chances of a 30% drop in the market anytime soon are not significantly different than zero - and if it were to with DGI and dividend reinvestment it would be a blessing.