It is hard to think about the next step. Economy will grow in the mid run with a high possibility, but inflation and debt crisis are on the way too. It is better to invest with each 5-10% down. For example, when the SH Index is 2800, we can buy some, while 2650 the next proportion, 2500 for more... We'll gain in the future!
Well, to be honest, I am not surprised by what happened to American or even Euro Zone. I think most of the economists are a little bit over positive about the future of the whole economy enviornment.