And when do you declare the market is at its nadir? Market timing is more luck than insight.
Many people were suggesting a fair-market P/E ratio of about 14x, which would put the S&P 500 at around the 3200-3400 range. It's at 3719 now, and was 3614 yesterday.
I think we're still going to see some more bear market rallies before the market hits it's low. I might wait until 3,200, or perhaps get in at around 3,400.
I think after the election is a good time to consider getting back in.
-PJ