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] 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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    [Miser]
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