Dog days

We're well past May and the swoon hasn't happened yet. While the popular press chants "overvalued", individual stocks are available at fair value and modest discounts to same. The paparazzi want their correction, and are chanting for it with ever more shrill persistence.
What's an impatient amateur to do?  The hardest thing of all is to sit on one's hands. I don't have cash anyway, so all the reading and examining is just entertainment. There just isn't any major repositioning work to do. I'm tempted to to reposition against the Intel run-up, but inertia has set in on my resolve to buy more shares of anything. I could sell some puts, perhaps...will think about it a bit longer.

Pretty soon there'll be a profit sharing distribution and I'll be forced to think a bit harder, so in the mean time I'm taking a holiday from the hyper-vigilence.