U.S. markets bounced back Tuesday, after China's central bank cut interest rates in an effort to boost the economy.
The move comes a day after fears of an economic slowdown there sent global markets plunging.
But Liz Ann Sonders, chief investment strategist for Charles Schwab, doesn't think we're heading in that direction.
"I think it doesn't get worse than a correction, meaning not a Bear Market, if we're not going into a global recession," she said. "And I don't think we're going in to a global recession."
Still, when the market slides, the conventional wisdom is: "Stay calm. Don't panic."
But given the recent ups and downs in the market, someone is panicking.
In this interview with WNYC's Jami Floyd, Sonders explains what happened to throw the markets into turmoil, and offers some advice for wary investors.