The "Halftime Report" traders reflected on stocks sinking to session lows as the second half of the day began.
Many of the areas hat were up Monday were getting hit Tuesday on concerns that the Chinese economy is slowing more dramatically than anticipated.
CME Group Executive Chairman and President Terry Duffy, a former trader, called the current market conditions very dicey. He said volatility is on the doorste,p and it will be "tough to trade here."
Pete Najarian was watching the CBOE Volatility Index.
Joe Terranova said he hopes stocks will move higher when companies start buying back their stock over the next few weeks.
Stephanie Link said she is tempted to buy some of the energy stocks because they have come down so much.