I don't think we are far off from recession, and using past recessions as a guide, SP500 tend to fall approximately 33% from its previously high. So using this approximation we can derive SP500 tohit around 3200 levels, which is another 20% downside from current 4k+ levels. you might want to price in another 10-20% from 3200 levels to decide an attractive level to enter the market (subject to your risk tolerance). 

While Friday's speech may not be too good for investors, I think it's a good time to start accumulating stocks or assets in which you like based on fundamentals and the business. Sounded like Buffet's strategy, which really is, as I think there's a good reason why he continued to be one of the best investors of our time. 

Though I don't think u can gain extraordinarily with this strategy, but you can expect a consistent returns over the years, and your view on the market would have broadened as you adopt this strategy in your decision making. [Happy]