[endorphone]

Yes, it's a bad time. In that there is absolutely no understanding of where the bottom might be, and anyone claiming otherwise is a charlatan or a fool.

While shares have been pummeled, for many large caps this just erases a few months of gains during a particularly frothy period. If some airlines start declaring bankruptcy, Boeing declares bankruptcy, etc., things can get a lot worse.

In the coming months the actual financial impact is going to start hitting a lot of organizations.

[sekai]

You say it's a bad time, and in the next sentence claim, no one knows the bottom. A bit contradicting.

[endorphone]

It isn't contradicting at all. It's a bad time because it is hyper volatile, and there is a lot more room for it to drop than to gain.

That doesn't mean it will drop. It means that saying "it's a good time to buy everything is on sale!" is absurd but common (and people have been saying it since the first drop on February 24th, and will never learn from their wrong advice). There are few scenarios where there is going to be a rapid rise in the market in the near future.