Now I do not profess to be a financial wiz (nor is this post intended to be interpreted as professional advice and all information herein is strictly this writer's opinion... ha! That's my legalese for this financial post), but I've heard a lot of people worrying about the U.S. stock market lately. My opinion: save the energy and channel your worrying into something more productive.
The market has been extremely volatile of late and from all indications it seems like this trend will continue for a while, at least until the mortgage situation, strength of the dollar, and consumer spending show signs of improvement. One day the market is up big, the next day it plummets. It's a line-graph maker's dream... or a financial wizard's hell.
What this means to the average investor is... just ride it out. Unless you have to use the money you have invested in the market sometime soon, in which case you shouldn't have your money in the stock market to begin with, you're better off just rolling with the ups and downs. Over the long run, if you're invested in strong stocks and/or mutual funds, you'll see the returns flow your way while everybody else is busy trying to time the market. It ain't worth the aggravation to do this, and it ain't worth all of the brokerage commissions you'll be dishing out. So just hold on tight, make sure you're invested in the companies you feel are the best (which is always true regardless of the market's short term trends), and let things handle themselves. You'll do yourself a world of good. And you can use all of that "worrying energy" to improve your life in some other way.
Good luck and good investing!
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