It could be ugly... I am inclined to think that unless you absolutely need to tap into your savings in the next decade, it's best just to grit your teeth and sit tight with a well-diversified portfolio. The worst thing to do at this point is to engage in some panic selling. Of course, I am just an economist, not an investment expert.
Guy
Maybe you're not, but it's pretty obvious that the only reason to sell at this point is to lock in your losses.
On the other hand, if you are feeling frisky, you can go short in Yen and invest the proceeds in a basket of Rand, Lira, and Real and Kiwi Dollar.
Guy
My Missus bought a big load of Rand the other day at a very good rate - she's not going on holiday until February. She'll be gutted if the rand goes down more in the next few months.
MG
Randissimo!