Going to be a very volitile next 2 months. Going to seriously look at buying BAC and YHOO in the $100,000+ range. Might see another 4-6% drop over the next few weeks. Usually these little crashes come in pairs. (ala October 2008).
Only play in the sand box for now. The Algo Computers are quite nasty. And, the VIX is priced above 27 - so, only sell options IMO.