I think we are very likely to see another low that matches the one from a few weeks ago, and I think when the real market recovery comes, some stocks will not rebound quite as fast as the market in general, but I decided after looking at it closely that the prices are so low on a lot of solid companies that it was the right time for me to buy back in. It may not be the bottom-bottom, but I think it's low enough.
This morning I bought about 20 stocks...across a bunch of different sectors. I was looking for larger companies that were relatively stable for the past 2 years before the crash and who's stock price is now at least 40% off the 52 week high. If they pay dividends, all the better. DOW, PRU, BUD, QSR, were some. If, in 1 year from today, these stocks get back to 65% of their 52 week high, I'll have a great year. If they get back to 85% of their high, I'll make a fuck ton of money. I had to resist going any bigger on oil stocks.
The one that felt like I was putting chips on '00' on a roulette wheel was RUTH. 76% off it's 52 week high. The threshold to make money is so low. Nobody is eating out for the next 3 months, but as long as they stay a float, people will get back to normal.
The hard part is now keeping my hands off. Back to the long game.
Note - Not advice. What's right for me may not be right for you. See your proctologist for actual advice.