The Fed seems to have no power to stop a meltdown. There is no magic bullet. I hope you are not long. Wait for prices to tell you when/ if you should buy.
Here’s another quote, this one is from Warren Buffet
“In the short run, the market’s a voting machine and sometimes people vote very unintelligently. In the long run, it’s a weighing machine and the weight of business and how it does is what affects values over time.”