justin:

How many times can I buy PG, KO, GE, BAC, WFC, etc "on sale?"

It's getting exhausting. :-(  LOL.

I personally hope we get many more chances. Prices are fine right now on many good-quality stocks, and lower prices would just make them even more attractive. Unless the economy goes into a permanent tailspin, lower prices today just mean we'll get to our end goals sooner and with less money invested. Of course, keep diversified... I don't want a large portfolio concentrated in just a handful of stocks. And keep some assets in a supersafe place, like T-bills or insured deposits.

Byron Wein was on CNBC this morning, and he pointed out that the S&P 500 is at about 16x what it should earn this year. That's a reasonable price, especially considering where Treasury bond yields are at (4% on the 10-year issue).

Regards,

Duane