We have seen this all before...
[4]
...it's never different this time. Of course, you should buy the dip; you invest for the long-term, right? VIX, schmix; Credit, schmedit; Gas prices, schmices; Macro, schmacro...
The last few times that VIX has seen such a 4-day low-to-high risk-flare were extremely significant events...
[5]
Credit markets have been flashing red for a month...
[6]
and we've seen that before too...
[7]
And we've seen what the catalyst for an equity rerating is before...
[8]
Macro seems to be sending clear signals too... that we've seen before...
[9]
But apart from that...BTFD (or in Abe's case STFR)
Charts: Bloomberg, Capital Context, and Goldman Sachs