It's been awhile since we experienced a market swoon like today. But that doesn't worry Barry Ritholtz, author of The Big Picture blog and CEO of Fusion IQ. He tells The Daily Ticker that he's not panicking, he says as the market sells off, it's important to remember that there are buyers on the other side of the trade. Watch the video above to see more insight on the market plunge from Ritholtz, Aaron Task and Yahoo! Finance senior columnist Rick Newman.
Also reacting to the drop, Wells Capital Management chief investment strategist James Paulsen told Bloomberg News, “The buyers are saying ‘I’m going to wait and see.’ They’re not running to the exits but they’re also not willing to catch a falling knife.”
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