The way things are going now, it looks like we're heading into global recession or possibly depression territory. The combination of the current global economy

The way things are going now, it looks like we're heading into global recession or possibly depression territory. The combination of the current global economy and this sudden crash brought about by a global pandemic is unprecedented. We are in uncharted territory. It all depends on how much faith you have in world leaders - this virus is shaking up geopolitics and markets may not bounce back from this for years, though that's quite a pessimistic take. Personally I feel like a lot of the world has been propped up on a house of cards and this virus is about to expose a lot of it, which means hard times are coming. So tl;dr if you have faith in world leaders, wait another week or two because the market is probably going to crash even harder when the fed pumps $1.5T into the market (we've shut down trade with Europe and China is still not back online so this can only lead to a dead cat bounce) and then if you have disposable income buy up some bargain stocks. But the most important advice I'd give you is to only spend what you are prepared to lose. Your general impression is correct - if a stock is significantly lower now than it was two months ago, it's technically a bargain if you buy and hold until this is over. Now, that said, if we miraculously find a cure or vaccine in the next month or so, I imagine markets will skyrocket overnight. And given that this is probably the most attention a disease has ever been given in history, it's not impossible.