IMO, over the last 30 years or so, there have only been 3 "ass puckering" times in the market. 1) Starting March of 2000, the tech bubble imploding, only to be followed by the events of 9/11, causing a 2 1/2 year bear market, in which the NASDAQ lost almost 80% of it value. 2) the 18 months, starting with the 4th quarter of 2007, through the 1st quarter of 2009. Banks, Insurance companies, Financial Institutions among others, decimated. 3) the 40 days as COVID emerges. quick and swift, but the recovery was also quick.
Everything else are minor corrections that are normal, expected, and healthy for the market, and for the average investor, should be ignored.