Is it time to "bargain hunt".....I don't think so. I'm going to start looking when the NYSE has 600 to 800 new daily lows....this happen last May too. So, it's doable!
Anything less might be "catching a falling knife." There are no bargains here, not yet.....and even after the big new lows start.....the interest rate environment and the price of oil will have be to considered. We could be at the end of a mega-cycle like in 1982..... That could mean punk markets for ten years....or longer. Too long to wait.
But buying into the coming new lows seems a good policy nevertheless, for now.
