I just had to share this item from the Business Insider today. Mainly because of the picture they used to go along with their headline. The headline, as you can see, was "The stock market will bottom in the next 2 or 3 days".
According to the article, the stock market falls so far this year—which have so far sliced 10 percent off the All Ordinaries index—are simply the stock market 'recalibrating'.
It seems this 'recalibration' of the market is tipped to continue well into next week with a further adjustment of around 2 or 3 percent. If this is the case then we can expect the All Ordinaries index to end next week around the 4600 point marker.