Unsolicited Advice

If I were you, this is what I would do:

1. If you have just incurred significant paper losses, don't panic--DON'T SELL. There's every reason to believe that things will go back to "normal" in the foreseeable future; if they don't, then you have bigger problems than the money you have lost. 
2. Invest half of your investable funds "in the market" (i.e., a diversified equity fund such as an equity UITF or equity index ETF) today
3. Use all your remaining capital to buy more of the same funds as soon as the market index (e.g., the PSEi) drops another 5% or so
4. Sell everything when the index reverts to its "pre-panic" level

If you're comfortable with your stock picking chops, you can apply the same strategy to individual stocks: your potential return will be several times higher. Of course, if you make the wrong pick, your potential losses would also be proportionately bigger.

I actually tried doing this yesterday; fortunately my bid was too low so my order was not executed. This gave me the means to buy at the bottom of this morning's trading, around 7% lower than yesterday's close.

Are you as excited as I am for what lies ahead?