It was a once in a blue moon event what happened yesterday, everyone selling their heads-off. Last time that ever happened was back during 9/11 and the terrorist attacks. The ridiculous sell-offs was a result of bad economic news, and a somewhat crash in the Chinese markets that raised panic everywhere. For today, more economic news and testimony from Fed Chief Ben Bernanke will give investors some tips to determine whether stocks will go back up. Chances are, with such a sudden drop, it gives a great opportunity to get in, another factor that will push prices back up. Blue chips like IBM and others are the safest bet.
Markets will however remain volatile...