It is hard to make a case for buying any stock, given the bearish mood of the market. If you don't missing the rally (if/when it comes). It would be easy to see 2,000 DOW point to the upside inside of a weeks trading. When every stock is at $1, you have to think we are at a bottom....uh...maybe.
In my forty years of investing, it is my experience that the market finds a bottom much faster than it finds a top. If it takes two years to find the bottom (total duration), it will be a new experience for me.