Hope Janet Yellen Knows What She Is Doing

I went back and ran the numbers for the S&P 500 Index from August 8, 2007 when the S&P 500 Index (SPY) was 1,561.90 and then went down to 688.38 on March 2, 2008 for a total loss of -56.24 . As an investment advisor the last thing I want to see is my Clients end up as having to work as greeters at Wal-Mart if this were to happen again. I am still 48% in cash but will continue trying to find bargains to buy after companies miss on their earnings reports after July 8th.  This Indicies are now overvalued relative to the economy's growth rate but investors in the QQQ's and DIA need to be careful as this sucker could turn on a dime and POOF all the hard earned profits are gone.