dgoyette A good historical perspective. However, many (including myself) find it difficult to buy into what seems like a mostly oversold market that is just waiting for some 'bad news' to give it an excuse to drop by 5% or 10% in one day.

On the other hand, ONE analyst upgrades a stock like WalMart and it POPS 4% or 5% (LOL)! So, it would seem that stocks are waiting for either GOOD or BAD news, and then dropping or popping accordingly. Seems very risky for beginner investors to deal with.

Yermo Do you mean oversold or overbought? Presently, I have the feeling we're going to be trending sideways for a while until a correction. The market has run up from it's lows so dramatically that we're bound to have some kind of major correction before we go higher.

dgoyette Yes, I meant overbought. Most of the good companies/stocks have been running up, up and away, right out of their Bollinger bands (sigh). It's difficult to jump onto this kind of bandwagon. BUT, as the article noted, their multiples are but a mere fraction of what they were 10 years ago. So, what's a mere mortal to do (LOL)? The answer, at least in 2009, was a run for bond funds and treasuries -- booooring, but 'safe'.

dgoyette Or ... I should have used the word YOU did in your Subject: overvalued