70% of economists in a new poll say America is headed for a recession in 2023. Here’s how pros say to approach investing in light of that

It has taken the S&P 500 only 4 months, on average, to recoup losses from the 23 market corrections (declines of 10% to 20%) since World War II, and 14 months, on average, following the 10 “garden variety” bear markets (declines of 20% to 40%) during that same time period, according to data compiled by Sam Stovall, chief investment strategist at CFRA Research. Warren Buffett himself emphasizes the importance of investing for the long term and trying not to time the market, at least for most investors. “Don’t watch the market closely,” Buffett told CNBC back in 2016.