Except, usually when the bottom comes, the dividend yield is very high. During the bottom in 1932 the dividend yield was 13%. During the bottom in the early 1980's it was around 6%. The historical average dividend yield is ~4%. But right now it's still under 2%. That's pretty scary.

And watch Warren Buffett. Is he buying? Is he tap dancing?

And the great thing about that is, it might be an even better buying opportunity a few months from now! =)

> Any time you hear that it is time to invest!

Your perceptions of the prevailing market psychology are distorted. Surveys show that retail investors have remained bullish. The general sentiment is extremely far from "never invest in stocks," which is what usually marks the bottom of a big recession.

Believe it or not, most homeowners continue to think they will see appreciation next year.

This recession has barely started and investors have barely even realized we are in a recession.