Is this the right time to Invest money in the markets?

Many folks are wondering if this is the right time to invest. But in my humble opinion this is not the right time unless you want to trade. The talking heads on TV want you to invest, they need your money imo.
But think of it this way, the markets are down 40% this year. Earnings in companies has started going down and there is no sign that it has stopped or reversed.
The government has already had a stimulus package in early 2008 and now they are thining of another one in 2009 , about $775 billion or so.
The FOMC ( or Ben Bernanke and others ) and Central banks in many countries together have pumped in Trillions of dollars to help save the financial systems and they have said they will keep doing it. The interest rates in US are now near 0%, lower than those in Japan as of now.
We are clearly in a recession which is not just any other recession but a major one and also in a deflationary period.
The currency market has been very volatile with the US $ jumping all around.
In such circumstances ordinary people who do not try to understand the markets day to day should just keep out .
Those who are already invested and have lost a lot of money , for them it might not make sense to withdraw now. But there is no need for anyone to invest right now.
The markets might bounce up a bit but THIS IS NOT THE START OF A NEW BULL MARKET.
Many will say the bottom is in, oh yeah , just check how many times they have said that inn the past.
The major Wall street analysts had Target of S&P 500 to be around 1400 or 1500 by end of 2008, well it amost half that. Now they think the bottom is in , how can you ever trust these analysts who never saw this huge recession coming.
All this is just my opinion but you have to think for yourself before you put in any new money to invest.
Just google PETER SCHIFF , check out his videos on youtube.com. He had been warning and other "expert analysts" were ridiculing him.
He might be Ultra bearish but these Wall street guys are, imo Ultra bullish.