rusty - I use myself as a contrary indicator. The more I freak the more stocks I buy. I freaked enough that day the market tanked over 600 points to buy a little. It will take more than this pantywaist 420 point drop today to get me freaked out enough to buy more.
Boy ... Lbill, I am disappointed. There is no more subjective indicator then personal freak out. I tend to react to my gut. If I feel like throwing up, I will force myself to buy something (at least a little, maybe that's what your referring too). At the moment, I remain on plan. I am still positive on the year. No where near freaking out or throwing up.
Target Retirement Income and 2005 and 2010 are all positive on the year, as well. My portfolio must match something proportionally akin to these.
I'm looking for 8500 on the DOW. I need S&P 1071 before my IPS even says buy, more (but I am really looking for 928).
I hear Bloomberg radio, but my sat TV is unplugged. The freak out factor is just a tad further away from me. Sure, I can read web pages. But I think getting rid of sat TV really helped.
It could be really scary. It doesn't seem that way to me. It is August. Folks are on holiday. Computers running the show. Waiting for Bernanke and Jackson Hole. Guaranteed, the world will look different in 30 days (maybe better, maybe worse).
I think we get a retest of 1120, short of a bear market - a pause, on the way to the real bear market. Play the pause? Maybe. Maybe not.
No one should ever do what I do, or pay any attention to me at all.
Lbill, your freak out is subjective. I am not freaked out.