People telling you to hold off buying are idiots (the majority as always on here).
This is what every mug retail investor thinks. They always get hosed down. They are usually the people who were in cash until 2018...because they were waiting for the bottom.
If you are investing regularly, continue to do so. If you have cash, deploy it. This doesn't matter if you are young. You are getting a better price. It is good news.
If you aren't a mug, look at individual stocks. Do your analysis, and you will find out whether they are cheap or not. No-one who invested at the bottom in 2008 knew it was the bottom. They saw individual stocks were cheap, they bought.
But really do not try this last one unless you know what you are doing. Parts of the market are looking cheap right now, a minority of this is stuff that has sold off recently. If you can't work out where this value is, just buy an index fund and spend your time worrying about stuff you can control (I used to work in research at a financial adviser, I didn't work directly with clients but the biggest issue for most investors are their emotions...99.9% of people don't have the emotional equipment for this stuff...the harder you try, the worse you will do).
This is what every mug retail investor thinks. They always get hosed down. They are usually the people who were in cash until 2018...because they were waiting for the bottom.
If you are investing regularly, continue to do so. If you have cash, deploy it. This doesn't matter if you are young. You are getting a better price. It is good news.
If you aren't a mug, look at individual stocks. Do your analysis, and you will find out whether they are cheap or not. No-one who invested at the bottom in 2008 knew it was the bottom. They saw individual stocks were cheap, they bought.
But really do not try this last one unless you know what you are doing. Parts of the market are looking cheap right now, a minority of this is stuff that has sold off recently. If you can't work out where this value is, just buy an index fund and spend your time worrying about stuff you can control (I used to work in research at a financial adviser, I didn't work directly with clients but the biggest issue for most investors are their emotions...99.9% of people don't have the emotional equipment for this stuff...the harder you try, the worse you will do).