Don't buy yet

For all of you that buy mutual funds/401K investors, long term investors don't buy the S&P 500 index fund or most other commonly used index funds.  The spike back up is still on the basic downward slope of the graph.  Absent Obama putting some competent people on his economic team I don't see any changes until Americans and the business community is comfortable with who is going to face him in 2012.  I see that as the next big indicator since the economy is going into a slowdown or likely back into recession..  The supposed health of multinational corporations is not enough to bolster the health of the US stock indexes. Ultimately Wall Street predicts the future direction.  Don't look for the prediction to change before Q1 or Q2 2012.  I don't like JP Morgan Chase but bringing in someone of Jamie Dimon's or other fortune 500 CEO.  I'm still looking for a bottom.  If one forms soon I'll change my sentiment.