This is a nice opportunity to enter, especially since software stocks consistently beat the S&P 500 in the long term:
Software stocks are especially attractive right now as a defensive investment amidst what Barron's is calling an "earnings recession." Analysts surveyed by FactSet revealed that this quarter's are expected to be bad, with technology stocks especially hard hit. The two bright spots in the tech sector, however, are software and IT services. That suggests that software stocks could substantially outperform the NASDAQ in October.