I certainly understand your sentiment and it's a reasonable one: if you wouldn't buy, why would you hold? Normally I like this POV. People stick with "losers" (

I certainly understand your sentiment and it's a reasonable one: if you wouldn't buy, why would you hold? Normally I like this POV. People stick with "losers" (stocks, not people) to "get their money back" and that certainly applies there: you've already lost that money, you just haven't realized it. But there is a difference. Like if you're in the market now, it's for a reason. Likewise, if you're out of the market now, there's a reason. Hopefully your reason for being in is long term (5+ years), at which point, not a lot has changed. If you still have gains and those aren't in a tax-deferred account, you may accrue a tax debt by selling now. But for those not in yet, there will be opportunity here. There always is because at some point the market is oversold. My point is that we're nowhere near that yet because the number of cases is only going to go up for at least another 3-6 months and the likelihood that you miss a sustained rally in that period is pretty low.