re: Would you take a gamble ...

Not a crap load, but I am starting to move back in now on a limited basis. Only buying established companies that are in industries that would not be totally affected by the bad economy (e.g., health care, etc.) with P/E ratios under 8 taking into account their 4q earnings just reported. Even if market or these stocks go down in short term, they are still at historical bargain pricing based on a sub 8 P/E ratio.