While i am not a stock analyst or a pro in anyway, stocks have been a huge hobby of mine for the last 10 years. I agree with the fact that stocks price in future expectations, so by the time the economy has bottomed, most stocks will have left u in the dust already. Most of the stocks I have gotten into since the fall are already up a good 20% since I got them, if not more. I am a value guy at heart (kinda like r. wilson) so I like to buy on the cheap and it is very hard for me to buy on the upswing. I like to buy the downward slopes, then ride them out until i feel i have safely hit my profit without being greedy. Some value plays right now which i don't currently own are GE and DOW. If they move down any further I am a buyer. Some stocks i am holding but looking to acquire more on downward movements are HTS AGNC(huge dividends) RIMM(Good growth prospect) X(formerly 196$, will begin to move based on obamanomics) BYD (huge value play) I am short on AUY (insert any other gold stock here).
Stocks got "slammed" today, because some people took some profits. That money will eventually funnel back in.
IMO buying stocks now for the long haul (solid companies like ones I mentioned) is cant miss for the next 5 years. Those who don't invest will be like what the hell was I thinking.