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Right on, brother! When I see these guys on CNBC and Bloomberg talking bottom and that it's time to buy, I want to reach out and smack them. The idea of nailing the bottom, getting in on the action, being a player is bubble mentality. The name of the game right now is survival (i.e. capital preservation). Why does anyone have to get in at the so-called bottom? Given the uncertainty right now (the market could easily fall 50%), it makes much more sense to wait until the next bull is firmly established before getting in. The trend is your friend, and right now the trend is DOWN.

Another thing that bugs me: The very same pundits who insisted all throughout the 90's, fists pounding on the table, that "you can't time the market," and you should "just hang in there for the long term".... well, these same talking heads are now telling people, quite matter of factly, that now is a good time to sell all your losers and start buying [fill in with a list of a new batch of "sucker stocks' here].

And so the stock game continues. Oh, the humanity!