After 2013's pump there was a 1 year bear market and 2 more sideways. Why would this be any different? Wait a few years and maybe the markets will moon again.
Today, it's different people tend to think of the last bull run and all they ask is "when moon?".
All they think that the market will just go along with what they are expecting immediately. But with such news, these recoveries can take few more months just for it to recover and giving a timeframe for about a year to recover is also a good mindset for better holding.