I bought into a short term bond fund, and am considering getting some medium/longer term bond funds out of my 401K. Was going to buy a discounted income-producing stock such as the Realty Income Corp, but I still feel prices will likely melt-down a bit again in October.
But sometimes I remember that my time horizon is still extremely long and think I should just stop trying to anticipate the dips. I'm terrible at dollar averaging, and I've yet to be punished with a major mistake (when I really should).