There's no 1 right fit for all
That's true in all aspects of life.
That being said, could you kindly explain how "being in it for the long run" works with the risk/reward potential of stocks at this point?
To make the point about the risk/reward profile at this point, I heard someone pointing out this morning that unlike Tariffs, Brexit, and other risks that the market faced in the past year or two, which had some kind of a defined resolution one way or the other, with COVID-19 there are simply too many unknown risks out there. IMHO the prudent thing to do is to stay on the sidelines. If one has some losses, holding onto them in hopes of recovering might end up in a painful lesson. Regardless of the current COVID-19 risk, the market was in place for a correction. If you read John Hussman's market commentary you will find that the reward profile for many assets over the next 10 years is extremely low.