There is an interesting graphic from JPMorgan funds that I would like to share; it tells how long it takes for the market to recover from its losses.
However, we can never be certain. This market turbulence indicates that the investors need to get into a safe position, rebalance the portfolio for some cash, and decrease equities (unless you have a strong stomach to handle the fluctuations).
I expect that the market may stabalize momentarily, however it still is heading for at least 10% correction (optmistic view).
Here we go: