DRI has also laid out a gloomy scenario, where US stocks tumble 18 percent in value. Individuals, to this point have seemed largely unfazed by the Dow's blips, but that does not mean they aren't looking to adjust portfolios. Mr. Metz of Oppenheimer believes investors should now look at bonds. A number of prominent market players, including legendary stock-pickers Warren Buffett and John Templeton, have been touting bonds since July, especially in US treasury issues. Other analysts think now may be a good time to snap up some stock bargains.
Many analysts predict continued turmoil.
But some see dips as possible buying opportunities. Greg Smith, a market strategist at investment house Prudential Securities, likes bonds and real estate investment trusts, or REITs. And dust there likely will be. Problems in the rest of the world will likely continue, particularly in Asia. That's where the roots of the recent turmoil lie.