Wait it out.
Completely agree. Had friends over for dinner last night talking about the markets. Their advisors were telling them “BUY”. I asked, first, have the Saudis and Russians resolved the Oil Price War … No. Next, is there any reason to believe the WuFlu (I refuse to call it COVID-19, the Chinese need to get credit for this disaster all day every day) problems will get better any time in the near future? No. OK, so if the 2 biggest drivers of the downturn are still in play, then you will see some days like today where you will be tempted to jump back in, but fundamentally, you know that more bad days are coming than good. So keep your powder dry and wait. At least one of these two issues need to show an inflection point towards resolution before either will go away, and I want to see at least one on the way out before I reinvest in the Stock Market.