Pessimistic Optimist

How Oversold Are We?

This is good information however I see nothing that was not talked about on the telly or in other articles. I commend your stance as well. As I have learned the expensive way.. margin is not the best way to play this market although it injects money into your account as stock prices increase.
I am in limbo as I will not know what my first move on Monday will be until I can see which way the market flows or plummets (before the bell). I have bought what I thought was dirt cheap until I saw my stable buried so they fell even farther. Most likely they can and possibly will drop deeper into that casm of partial return.
I am a long termer but also have a fun fund which I am not having fun in..hell nobody is. When I hear the likes of Icahn mentioning fear and a great concern going forward how can the little guy not feel the same?
I am doing homework, I am reading the fundies, I am charting my stock 50 dma's. I know some of my holdings are sound with a backload of work and a grip of cash working in their favor and they too are beaten down. Their only saving grace as we sbhould know is there divvy; the only free lunch! I do watch JPM and it still remains above 40 smackers. I bailed on financials. Too uncertain but I know they will eventually rip.
Timing on the rip, I cannot forsee..who can? I will concede that even if I miss the bottom and it starts to climb I am hoping I can get in in the lower end and ride the wave.
Alan, thanks for keeping it real.. it is affirmation that I am following the right path in my gut.

25 Cash Cows to Ride Out the Storm- Barron's

I like her thought process.. but the stocks are not in my line up. Ok.. I went defensive.. they do not move up much but they don't move down much either. A few great stocks which are now become a hold for the dividend they are starting to produce. NUE is 3.4 and climbing. Why not get something for your wait? Add on dips.can they go down another 10 points? maybe, probably but what the hell.. dollar cost them down. Of course this is if you sold into strength last week. I stay with FCX MO GE JPM and BAC. Pay me some divvies and I will wait a little more patiently. Sleep a little better in the evening.
disclaimer: I am as pissed as anyone losing 66 K this qtr. in my 401K but trying to stay positive and look beyond this minute in time.