The bears have laid their trap and are partying hard.
Any upswing in the stock market now is what the experts termed sucker’s rally, where any gains are short-lived but enough to lure investors while stocks continue to test new lows.
On the other hand, this period of fear and pessimism could actually be a good time for you to pick up bargain stocks. So long as you have a long investment timeline and can endure your stocks being pummeled in the short term. Last I heard, Warren Buffet is on the prowl too and says the odds favor US acquisitions.
If you have zero risk appetite, then just sit tight on your cash. It is easier to enjoy the bear’s partying when your money is safe from their clutches.