Yes, but I think a week or two is laughably naive. I think we could easily drop another 20-30%, maybe more. The market dropped ~50% for the great recession and I'm unconvinced that this isn't going to be worse.
But I got out almost at the all time high, so as long as I get back in before that, I'm good with sitting on the sidelines. I don't need to call the exact bottom. I'll likely buy back in once I can see that there's some kind of realistic path forward with COVID-19 that doesn't destroy the economies in its wake.
But I got out almost at the all time high, so as long as I get back in before that, I'm good with sitting on the sidelines. I don't need to call the exact bottom. I'll likely buy back in once I can see that there's some kind of realistic path forward with COVID-19 that doesn't destroy the economies in its wake.