https://www.bloomberg.com/news/arti...rategists-say-s-p-500-rout-is-bound-to-worsen " February 26, 2020, 3:05 PM PST Decline seen lasting longer than average amid coronavirus Lack of clarity on Fed policy response adds uncertainty The biggest sell-off in U.S. stocks in two years is just getting started, strategists at two of Wall Street’s biggest banks are warning. While the S&P 500’s average correction has lasted for four months, this pullback is likely to be longer because of the lingering uncertainty over the coronavirus and the constraint facing Federal Reserve policy makers, according to Christian Mueller-Glissmann and Alessio Rizzi at Goldman Sachs Group Inc. That means the retreat that started last Thursday might not find a bottom until at least July. Fed policy makers showed a continued plan to taper Treasury purchases throughout the second quarter, a stance that Hale and his colleagues say has added to investors’ angst. The strategists pointed out that a measure of financial conditions has tightened less than half the magnitude seen amid the rout in late 2018, which ultimately forced the central bank to reverse its stance and cut interest rates. That indicates that the market stress has to worsen before the Fed takes action, they said. Goldman’s strategists are similarly cautious. “Without more clarity on a stabilization of global growth, it seems too early to add risk tactically,” Mueller-Glissmann and Rizzi wrote in a note to clients. “With global growth still weak, the shock from the coronavirus lingering and less scope for monetary and fiscal easing, the risk of a more prolonged drawdown remains.” U.S. stocks erased earlier gains Wednesday amid a barrage of reports on the widening coronavirus outbreak. The S&P 500 fell for a fifth day, extending its loss over the stretch to 8%. "
Bought 26412 to 26600 on the Dow. Admittedly it would have just been easier to sell the highs and drink beer all day
Not yet....wait until the turn Apex has been reached, then buy after the "for sure signal" has been made. Akuma