Your answer would be appropriate if the situation lasted for several weeks, but the situation has been deteriorating for half a year already. It seems to me that everything will be resolved in a few years, not earlier.
Look back in history, do you know the average length of a bear cycle? It is about a year, yes a year. We had bear markets that lasted half a year and others lasted 2 years, so in average 1 year. We just passed half a year, so nothing out of the unordinary.