you are asking these questions far too late....what was your plan? you need to know what you are going to do beforehand, not after......where were your stoplosses?
"oh, i dont use stoplosses"
no you dont, and when you dont you lose $60k......use them, it isnt hard......they are there to protect you from events like this!
talk of the market coming back in two months is just speculation....and anyway that is the index, speccy stocks do not perform anything at all like the XJO
if you dont know what to do, get out of the market completely before you start losing capital and suddenly find yourself with another $60k gone.....come back when you have a plan