It has been my experience that there are times when one should sit on the sidelines for a bit, but that time will come to an end and one needs to get back into stocks for the long haul. We are perhaps at such a point in time now, which is where I sit. I won't be in this chair awefully long though. It also seems that the time to be a bear is when markets are so high as to defy logic. The time to be a bull is when everyone else is a bear.