CNBC asked market experts where investors should place their bets amid this uncertain market environment.
Rio Tinto isn't interested in takeover bids from BHP Billiton -- or any other companies, says CEO Tom Albanese. In November 2007, BHP had offered 3.4 shares of BHP for every share of Rio Tinto. But Rio's board rejected the bid as well as a subsequent sweetened offer. The CEO explained to CNBC that in the days since the initial bid, "Our markets have gotten even stronger." Thank China.