Small sample size to suggest the market drops 17% or 50% when it...

Small sample size to suggest the market drops 17% or 50% when it only dropped 50% once in your sample. And that one time was after a massive bull run AND the market was SOOOO overvalued AND caused by a hugely significant 'black swan' event. Not saying there won't be a another black swan event but the lead up to this is completely different.

There are already numerous undervalued companies on the ASX.
CSR has jumped out at me in the past week for this reason.

When the market and investors calm down this has the potential to double in price ... but the share price could drop even further before this happens so I will keep it on my watch list and buy in when it turns and runs the other way.