Down again

Dow drops 237 & NAZ down 56, easily qualifies as another rough day. I think S&P is at a 2 year low. Some the money from selling is going into the 10 year Treasury bond dropping it's yield to a very low 3.83%. That's called, flight to safety. Financials got hit amidst worries about the FED saving (if needed) Countrywide (CFC) in a bailout. Countrywide hit a new low below 9. Uncertainty is big, the VIX (volatility index ) is at 29 indicating a lot of wide swings ahead. In all this time of uncertainty, it's time to keep your powder dry. That means do research to find the diamonds in the rough. High yields will reward the patient.