look for good established companies with low P/E ratios that have been irrationally beat up because of pandemic and war.  I believe that there is some collateral damage out there.  Remember, no matter what happens people will always need food and utilities.  And if they can afford it clothing and health related stuff.

All I can say is that the market likes to move dramatically on emotions and short term stories.  So while there is  FOMO at play, I would suggest that if the Saudis or Iran or even the U.S. start talking about more production, we could see a quick drop.  That might be the time to buy because after the emotions settle down the market will realize that production increases don't happen overnight.  It's a lot like gambling when you buy based on a once in lifetime event.

I have done this many times, in fact I can singlehandedly take down the market at times with my poor timing However, what I have learned is that if you do some homework and pick solid companies you can recover by ignoring your emotions and adding a little strategy.  Example, I bought Disney a while back when dropped to around 100.  Went up a bit, then down, but it had good multiples, so I bought smaller bites on dips and am sitting pretty good right now.  Did similarly with Apple and Netflix.  ...