You haven't missed anything and I would stay far from this market, especially since you are just getting started.
Here are a ton of great articles and resources from here on the site to help you out,
Your Q answered in detail -
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Top 4 Must avoid investments for new traders -
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10 Great ways to learn stock trading as a new investor -
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20 must read investment books -
link
Save your money and learn as much as you humanly can while all of this is going on. Then, once the market REALLY bottoms (even if you miss it by say 6 months your still fine) you will be prepared to make the most of it.
Hope that helps

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