There's a witty quote from Mark Twain that goes, "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." In other words, there's no good time to buy stocks, which is true in some regards. But instead of asking if now is a good time to invest, you'll be better off asking if you can afford not to invest.

When it comes to your money, you only have so many choices. You can spend it as fast as you make it, but that will mean no cash for the future if you need it in an emergency. And forget about a comfortable retirement. A much better idea is to live below your means and set aside the rest of your earnings as savings.

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Source Fool.com