We all have to convince ourselves that we are doing the right thing. So, I looked at all the stocks that I sold in June when I went to 100% cash and a few that I tried to trade since then. I sold a total of 21 stocks and only 5 are now higher than where I sold. 16 were lower. Had I still had those 21 stocks, they would be worth $48,300 less than what I sold them for. Since I was about 10% invested at the time, I figure that had I been 100% invested, the stocks would be down $483,000. So for me, I feel that selling in June was the right thing to do. I am sure that there are those on this board that are beating the market and selling everything wouldn't have worked for them. I saw where Dan said that he was up over 100% for the year which is amazing considering the kind of markets we have had since June. If last Wed was the bottom, I can always buy back, however, I kind of doubt that last Wed was the bottom. BTW, it cost me absolutely zero in commissions now that half of my accounts are at Bank of America where I get 30 free trades per month in each account and the other accounts are at Fidelity and they gave me 100 free trades in each account for one year.