You must be thinking of the longer-lived user, Greenland Shark.
I’m fully invested all of the time, so didn’t have any unallocated cash to rotate in, but I took the opportunity on March 31st to convert enough of my conventional IRA to Roth to take me to the top of the 22% bracket. At this point it looks like I was able to convert $100,000 from taxable to $144,000 tax free for the cost of paying the marginal 22% tax rate on the smaller value. That 24% rate kicks in pretty much exactly where my high income Medicare premium would kick in, so it’s kind of tiptoeing up to the line.
Good question and the answer is nobody really knows. However, I am very thankful to my panicky and irrational co investors who sold me some of their shares at a discount in March. I wonder if the chicken littles feel so prescient now?