Please, please, please don't try to pick a bottom, you'll just get burned. If you want to invest than you need to specifically research investments that your interested in so that you know if and when they are bargains and you don't hesitate when the time comes to act. You could also consider "dollar cost averaging" into these. If you want to trade, well that's a whole different ball game, but I can almost guarantee that the US financial markets are going to be much more tradable than "investable" for the next few years because we are headed sideways at best. Stock investors will be lucky to make 8% a year until at least 2005 IMHO. The Major US Indexes are short term oversold here but longer term we could easily hit new multi year lows.