Most non-institutional investors rarely just have cash lying around. My assets are tied up in the market. Same as it's dangerous to try to time the top of the market, it's dangerous to try to time the bottom. I tried in a modest way in 2008, and it took me a decade to recover on those stocks.
It's also dangerous because the dip is the average. Individual companies can and do fail.
Yeah when I say buy the dip ideally you would buy an index fund. Picking winners is a fool’s game anyways.