Not a finance person, just an adjacent technogist, but from having lived/worked through Black Monday, the 90s recession, the 2000 bust, the lean early oughts, and then the world ending 2008- for whatever reason this one feels like much-ado-about-nothing. If capital is not again issuing- not gushing, just issuing- in solid flows- by fall, I will be very surprised. Sure, some people were swimming in the deep water with no shorts on. But there are too many things to do, too many real opportunities, and too much real powder sitting around. We've all seen this all before, and know what happens next, and know how to get their faster.
This is definitely not investment advice.