> is anyone watching this carefully and trying to determine when things will bottom out (perhaps in a week or two), to buy stocks, ETFs, and such at the bottom of the dip
Yes, hedge funds do this. They hire a lot of smart people to dig full-time into all the same hunches you or I might have (plus some more things we haven't thought about), and make bets about what's going to rebound. What happens is that to the extent that the future is unpredictable, the hedge funds lose those bets (along with everyone else on average), and to the extent that their predictions are right, they make a profit.
Yes, hedge funds do this. They hire a lot of smart people to dig full-time into all the same hunches you or I might have (plus some more things we haven't thought about), and make bets about what's going to rebound. What happens is that to the extent that the future is unpredictable, the hedge funds lose those bets (along with everyone else on average), and to the extent that their predictions are right, they make a profit.