Both of us have money to invest but are not now in the stock market.
I'm keeping out until I see a sign that the bear market is ending.
With the subprime mess not resolved no one knows just how far the losses go or who is affected. This will take time to work itself out.
The indicator I am using is a very simple one. Watch when the 20 week moving average crosses over the 50 week moving average. This indicates the end of a bull market and the start of a bear market. This took place last fall.
When the trend reverses they will cross back. This indicator has called every market reversal for the last 20 years.
At that time I mean to get into the stock market using AIM and starting with the cash reserve recommended by V Wave.