I agree with Swage, that is essentially trying to time the...

I agree with Swage, that is essentially trying to time the market. Anyone who says “now is not the time” and “wait for it, there will come a time” and “next week, month, year or when this happens and that happens, that is the time to do XYZ” is timing the market.

Who is to say 2 days ago wasn’t THE lowest point of the bottom?

Markets are forward looking. Covid could get worse, but the market could be already forward looking to 2021 and 2022. It could already have swept 2020 under the rug as a zero growth year, and the market could already be projecting recovery growth in 2021 and starting to buy into a 2021/2022 growth story. Markets could already be fully pricing in a zero or negative growth 2020.

Who knows until it’s in the rearview mirror?

I know a very successful investor who buys throughout the fear period. Not just at peak fear. He knows that he doesn’t know when the bottom is exactly, so he buys when he feels the companies he buys are reasonably priced. I think he’s doing quite well at the moment, and is rather rich. Not the richest in the world but is wealthy enough, but I seem to have forgotten his name or his quotes.