Don't rationalize yourself to put your hard-earned cash into any apparent opportunity. Fact is, stock, long bonds and real estate are all very risky now. If you really feel itchy, maybe sell some at-the money PUT options on boring but stable media stocks like NYT, DJ, VIA, etc and earn some time premium.
Also you can just forget about trading your way into a millionaire if your capital base is less than $300 K. But if you look at the market cycles, there is almost always a crash every four years, Oct 2002, Oct 1998, 1994, 1990, etc. So the next low point may be three years away, but patient investors can reasonaly expect to double his money every four years.
But it's so difficult for people to be able to wait and do nothing most of the time.
