One of the best ways to know whether you should be in or out of the stock market is to watch the economic indicators. ClusterGains.com has a page on indicators with a link to the Conference Board where you can see a graph of how the economy is doing. If the chart is flat or down instead of going up, it may be a good time to sit on the sidelines rather than being invested in the stock market.
Housing starts and sales is another good indicator of how the economy is doing. Clustergains has another page with links to housing statistics such as housing starts, new home sales, and existing home sales. If the building industry is not advancing, stocks will probably not go up either.
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