This market has lots of opportunities and pitfalls. Stated another way, I believe now is both a good and horrible time to buy. It's not that I'm trying to be purposefully ambiguous; rather, some buyers are getting killed out there as others are striking gold.

The key is for one to determine one's exit strategy, before doing anything. After that, then one needs to evaluate that strategy to determine whether s/he can execute that strategy well under these market conditions.

Some buy-and-hold strategies work better than others; similarly, some flip strategies work better than others. Not every strategy will work in every market. So, one needs to educate one's self to ensure that s/he will be able to piece together the right strategy for a particular market. Of course, for him/her that strategy might be to wait awhile longer before striking.