After seeing the major indexes the past few days, how can anyone believe that the stock market provides a rational and efficient process for valuing companies? Psychology, not economics, is clearly the largest factor determining stock prices. These large price swings are spawned by fear and greed and it is too risky at this time to put one’s savings into this market . When the GMI (currently 0 out of 6) rises to 3 or more and the trend of the market is clearly up, I will consider re-entering this market. It is relatively easy to make money buying stocks during a nice up-trend. No one forces us into the market. We all (except mutual fund managers) can refuse to play until the conditions we want are present. Until then, I wait patiently in cash and collect interest.