I like this analogy. Is it yours? If so, I’ll quote you in the future.
I am in the same boat as the OP, pretty much. Have been moving my 401k from stocks to bonds gradually since 24500, being 90% out as of 3 weeks ago. Have a little cash, too. It just seemed overvalued, and now this.
I kind of like the idea of buying Berkshire- Buffet has a cash hoard bigger than Smaug’s, and I think those guys will crush it in a downturn like this.
But I would advise caution. Things could definitely get worse from here. Check out this guy: https://seekingalpha.com/article/4331691-bear-market-will-now-enter-new-and-explosive-stage
Nobody know for sure of course, but I do like this writer, plus his premises seem sound. I am considering something like a $1000 per week return to stocks, starting maybe not quite yet. As always, free advice may not exceed face value.
To the best of my recollection; is mine, but in all fairness I’ve been in the stock market since the early 1970s and I do my best to be over-informed, so I may have read it somewhere over the last 50 years and forgotten where.