The question of whether or not to time the market has come up several times during the course of this thread. The following article takes a look at investing now versus holding and investing in one year. The outcomes might surprise you.
http://seekingalpha.com/article/1278...s?source=yahoo
No doubt, in a longer view than 5 years, buying lower would eventually recoup and surpass the "buy it now" scenario. But, as the author points out, does anyone really know what the stock price is going to do? Is the 40% upside risk worth the 60% downside risk the article describes?
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