Is the market ready for a correction?

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wants me to do the investments for her

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recipe for disaster IMO. She is going to hate you if things go sour.

ETA: To answer your question, yes. I don't understand how the markets are this high to begin with.

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recipe for disaster IMO. She is going to hate you if things go sour. ETA: To answer your question, yes. I don't understand how the markets are this high to begin with.

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I'm not worried, she let's me do all the financial stuff. She doesn't have any interest in the markets, so once April rolls around and she's no longer making 2010-tax year contributions, she won't look at the acct until we retire or I'm dead.

I've already told her I expect a downturn or at least a slow-down in the near future, so I was planning on just putting her cash into a Vanguard 2050 Retirement fund to not gamble too much and to reduce the downside risk.

I told her while my numbers look great, I'm gonna be hurting in a bear market (I'm about 50% international and most of that in small-caps and emerging markets).

Once married, we won't have the Roth option which is why I am having her contribute for the 2010 tax year; so not a ton of money is at risk.

The fundamentals are sound. Expected EPS on the S&P 500 is $96 for 2011. We are still only at about 13-14 times forward earnings at 1300.