Things are cheap but is it worth buying yet?

Summary

• The author is concerned about the market impact of a new war in Iran, specifically rising gas prices and the potential for a prolonged bear market. They observe that stocks on their watchlist are cheaper but are hesitant to deploy more capital, fearing prices could fall much further.
• The author's thesis is that while valuations are becoming more attractive, the current geopolitical macro-environment (war, oil prices) presents a significant risk that could lead to a deeper market downturn, making it prudent to be cautious before buying the dip.
• Quality assessment: This is speculation and a sentiment check, not well-researched due diligence. The post is based on personal feelings, recent portfolio performance, and macro fears rather than fundamental analysis of specific companies.