Appealing

Ok, I've got to admit it.  Some of these pullbacks in names on my watch list are getting appealing as investments.

That said, there are a few problems I see with the jumping into stocks for the 'long haul' soon.

1)  The stocks I want to own MOST haven't really been hit yet

2)  Leading momentum stocks can get hit for 40-70% losses.  Maybe some of the fundamental ideas we like have run their course (stale or flawed) and the appealing 20-30% corrections can get much worse.

3)  Breadth figures aren't at 'obvious' meaningful bottom levels.

4)  Everybody sees the appeal in buying every dip, still.

5)  The near to intermediate term outlook of earnings is not improving and possibly still worsening.  

This correction needs time, at the very least, to work itself out.  I'm not 'sure' of much in the markets, but this is clearly a period of vulnerability in stocks.  Patience will pay as this bear market plays out.  Remember, market bottoms form when smart investors step in and traders are sick and tired of buying weakness.

Thanks for reading!  Trade 'em well!