Will I buy stocks now?

Just a very quick Q&A..

1. Why did the STI drop so much this week?

The main reason was due to China' slowdown in economy with China's manufacturing activity falling to the lowest level in 6 years.

2. Are there any signs that China's economy is improving?

No.  As someone working in the Metal commodity industry, I have first hand knowledge of China's metal prices such as in Iron Ore, finished products and scraps. The prices are dropping so much that it is really rather depressing. It is still dropping now and then.. I am afraid that this quarter's performance may even be more dismal.

Chinese construction market is slowing and it has an obvious effect on its metal prices. Working backwards, I can only believe that China is facing a negative demand brought about by a slowing economy. I can see the correlation in China's metal prices and China's economy and China's stock prices and Singapore's economy and Singapore's stock prices..(You get it).

3. Will I buy stocks now?
The short answer is No. I believe that prices have yet to hit rock bottom and metal commodity prices are not showing any sign of improvement.

4. Will I sell my stocks now?
No. Warren Buffet says 'If you can't hold a stock for 10 years, then do not think of holding it for 10 minutes"

My stocks are for long term and I still firmly believe in the companies that I have chosen.

And really, there is no reason why I should be selling at a loss!!

These are really my humble thoughts. Feel free to leave a comment. Thank you!