Looming pandemic was obvious by end of January.
Anyone smart with money moved everything out of stocks and into cash fast: if right, avoid the crash; if wrong, no harm done and just buy back in at par.
I follow a blog of a family that lives on a boat travelling North and Central America. The husband trades for a living and runs an online trading class in the mornings.
He saw it coming and the entire class liquidated their investments and were 100% cash on Feb. 24.