You also know it's bad when the buy the dip HODL's are making fun of someone for saying buy the dip. Buying the dip is a fail proof strategy in a bull market. It can kick your arse in an overpriced bear market. Even though, prices are starting to look somewhat reasonable. Im seeing PE ratios that are getting closer to historical norms instead of historical highs. Rip another 10-20% off all the indexes and PE ratios will be at normal levels.