On: More Things I Wish I’d Known About Bash

[zwischenzug]

True, I use that too, but gets trickier in the middle of the line.

[mdaniel → zwischenzug]

As a for-your-consideration, C-r leaves the cursor at the matched string when doing reverse search; so "echo helol world", enter, mutter "rats", C-r, o-l-sp, right (just to break the search), and voila you are now positioned on the offending substring