The stock market will crash this year, said the experts

This picture was taken at 11:20am this morning of the 30 top losers of shares in Singapore. I noticed the big 3 banks in Singapore was down between 1.8% and 2% (even with dividends). Then it dawn on me when I read this article about the collapse of the stock markets etc., I began to feel afraid for those friends of mine who are holding on to some stocks.
However, I do not hold any shares any more and will see whether I could pick up some cheap bargains when the catastrophe occurs.