For sure, and from observing this whole fiasco, it has become...

For sure, and from observing this whole fiasco, it has become apparent that anyone engaged in the activity of "downside protection" is probably a scammer.

The only downside protection you need is a) time in the market, b) investing in very high-quality companies, and c) having enough savings to fund your living expenses for a year.

Anyone else who tells you otherwise is probably a con artist or a salesman trying to convince you to hand over your money so they can charge you obscene fees without ever guaranteeing you that they can meet their return objective.