Yes, it is. Available money will be scarce, and the money that is available will likely have bad terms attached to it for the coming months (if not years). 

But keep in mind that, even in a booming market, any professional investor will want to see a fully formed business, validated revenue model, full-time team, and initial traction before investing in your business. If you don't have all of these criteria right now, then this is the opportune time to work on getting them while the cost of doing business is so low. Then, when the market turns, you will be ready to capitalize.