"Be fearful when others are greedy......

It's been a while since the talking heads on CNBC have been this bearish. Hence, "others are fearful."

I believe when earnings are reported in the next earnings cycle, we will see some decent earnings growth.

Okay....

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Very poor population sample.

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Sorry I don't have the time to conduct a full blown study, I'm just saying I don't think some MSM pundits are a good basis either. I don't think that majority of the populous is fearful of the market going down further.

If the bond market is any indication of where the equity market is going I'd say the situation doesn't look pretty. I don't understand why anyone on earth would want to be buying US/German/Swiss/Aussie treasuries to name a few.

If Qe3 is implemented, we may see yields depressed to around current levels. There is a dichotomy in America.

Our government couldnt be any more irresponsible (well okay may be they could but we got some serious budgetary issues and a lot of uncertainty)

Corporate America is doing strong as ever, so much cash on the balance sheets, and valuations are average if not cheap.

Something has to give. We have a jobless recovery situation where we are the best house on a shite block and a housing market that is in limbo at best. Corporate America has done all it can do to sustain this recovery.

I'm sitting in dividend payers and on the sideline, Not putting any new money to work other than averaging down a few positions till I see a tangible catalyst or Secular opportunity

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dunno man. US job creation is dropping off, GDP in alot of developed countries is slowing, the EU is falling apart....

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The jobs report in May is about May. My son is a chemical engineer. His plant is bringing in a dozen new chem e's and they are coming in starting today. My husband works in an industry that gives him a very good look at economic activity. He told me 6 months ago that we were going into a slowdown. How are things now? Flat as a pancake, but we are not falling off a cliff.

The EU could come up with some announcement (it won't work) that will rip the markets. Another thing to look for is an early announcement surprise by the Supreme Court on Obamacare.

Ray Dalio wrote about the "beautiful deleveraging". Google it and read it. We are in a period of financial engineering and thus far, although it is painful for some, it could be a whole hell of a lot worse. I think the US deleveraging is truly elegant. For the individual investor, one has to try and figure out how to move in and out to profit.

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it would be nice to see how often you are right as far as timing.

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I'm right about it more than I'm wrong, but I am the first to admit I'm not always right. No one is, for that matter.

And I'm just invoking one of Buffett's general rules of investing. He's pretty good at investing but even he is wrong at times.