True that. I don't invest in individual stocks but in mutual funds spread out across many asset categories. Since Nov 16, 2021 (when most asset classes topped out) all of them are down with the exception of an energy fund I like being up a barely 0.1% (as of market close yesterday). Even plain S&P 500 index funds are down 21%.
I think I'll stay out of the market longer. With the S&P 500 taking this long to do down that much, it looks more like a total drop of 40+% before it's bottoms (like the 2000 drop taking 2 and a half years to go down 49%, or the 2008 one taking 1 and a half years to go down 56%).
Pulled out yesterday...
Left $1,000 in to keep the account open to make it easy to jump back in and maybe make a little on a “dead cat bounce.”