Okay, we know where the recent high was and most good companies get back to that point. So what is the bottom where we should buy?
I'm out of all equity mutual funds until the S&P 500 drops at least 30% from its ATH (it's currently down 20%). And I'll do that only if it reaches the 30% point soon, say by end of June. That'll make me think it's more of a repeat of 1987 and 2020 when the S&P 500 tanked 30% quickly then climbed back up. If it takes too long to get to 30% I'll wait until it's down past 40% (like the long dot-com bear market that dropped 49% across 2 and a half years, and long mortgage bear market that dropped 56% across 1 and a half years).
What do you think?