Have you thought about trying to find an entry point to get back in if/when your target gets hit? If you like your companies and they are solid, they will most likely rebound since this “panic” is not a financial issues as much as it is a fear driven campaign.
I agree with you that in times like these, stock prices are driven more by people's fear then the actual value of the stock. But when stocks get driven to ridiculously high P/E ratios that make no sense whatsoever financially, emotion is driving the market as well. I don't have a plan of exactly how and when I'm going to put my retirement money back into the market. I'd rather be a little late and miss a little bit of opportunity than to be early and lose a big chunk of my principal. I'll just have to watch and be convinced that a bottom has formed and an uptrend has started.
[img]http://i.imgur.com/boeexFms.jpg[/img] 31 Plymouth Coupe, 392 Hemi, T56 magnum RS23J71 RS27J77 RP23J71 RO23J71 WM21J8A I don't regret the things I've done. I only regret the things I didn't do. "Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
