Why would one buy the dip when momentum is heavy downside (long term)? April will most likely be a short slaughter, sure, but after that very unpredictable.
That's what I'm saying. I see too many people get too mechanical about it when they would be better off making adjustments on significant news.
If you don't see some sudden positive in the next quarter, there's no reason to buy in now.
The market reacts to expected news, not just current news. The fact that bad news is coming might already be priced in. It's hard to say how bad a piece of news would have to be to make expectations worse.
The market hates uncertainty the most and nothing about this pandemic or the economic impacts are certain. There is definitely no good news anytime soon for there to be a serious uptrend.
What about selling now in order to re-buy in over time?
That works too. If you think there's a clear trend downward then there's no reason to just stay in and watch your positions lose value. Some people might though to keep their long-term capital gains taxes.