From a quick look it seems like Russell 2000 ended up bottoming out later than SPY during the 2008 financial crisis. Obviously past patterns aren't guarantees of the future, but I'd be careful about buying into them just yet.
I personally don't mind buying on the way down and dealing with the short-term pain but totally agree on being careful, as it's unclear exactly when the bottom will be safely in the rearview mirror!
From a quick look it seems like Russell 2000 ended up bottoming out later than SPY during the 2008 financial crisis. Obviously past patterns aren't guarantees of the future, but I'd be careful about buying into them just yet.
I personally don't mind buying on the way down and dealing with the short-term pain but totally agree on being careful, as it's unclear exactly when the bottom will be safely in the rearview mirror!