SP500's Q4 2012 eanings, 67% reported, growth only 2.8%!!!!! Q1 And Q2 of 2013 earning expectation are just -3.1% and +3.9%!!!!! How come the stocksare so much in last 6 months? This is nothing but pozni schame....
Fed started pumping money in ahead of the heated fiscal cliff debate to prevent a market sell off. They are pumping money in again ahead of the sequester debate to prevent a market sell off. You can't lose.
You need to be 100% cash and then you can't complain. I know how you feel.
But keep in mind your cash is slowly losing purchasing value due to the relentless printing of money both in the U.S. and around the world.
You could try precious metals but they could fall as well.
I suggest you buy something now that you can enjoy for many years. Take a vacation maybe. Buy your wife or your best friend something special that will be remembered forever.
Believe me I'm not trying to be a smart #$%$.
I've been around a long time and I know the value of special things in life and it's not the stock market.