The time to buy is coming ~ but it's not here yet. Odds are good you have your money tied up insome vehicle that your suddenly insolvent and bankrupt brokerage is not going to be able to get their hands on to do the investment for you.
I moved 90% of my IRA funds into a money market fund after the mid-term election of 2006 when the democrats made big gains. I predicted higher gas prices (correct), gridlock between an unpopular president and traitors in congress (correct), a drag-on war with no definable victory aims (sort of correct), problems due to unsustainable housing prices (correct again) and high interest rates (ok, this was not correct).
When it looks like we’re at or near a bottom — I agree not yet — I’ll roll these funds back into stocks. I don’t expect to have any guff on this from the IRA people at Equitable.