Zen, You are right. I went to 80% to 90% cash last year and in October went back into stocks and was able to make 105% in the last 10 weeks of the year with just 50% invested. Many didn't make 105% for the whole year, this was in 10 weeks. 105% is not great as far as I am concerned since I made 327% in 2003. You say if you are 100% cash, what fun is that? Well it sure beats losing your a$$. If Len, tbone, and I are wrong,( and I hope that we are) I can always buy back just like I did at the end of last year. I guess I have been lucky because I went to cash 2 weeks before the 1987 crash and also again in April of 2000.