We're just not there yet. Not even close to capitulation. A bump over 30 on the VIX in a entrenched bear market is not capitulation. In the media, I am hearing calls of a bottom, from guys like Barton Bigss and other guests on media outlets telling you to buy into bad news, from articles in finance websites to contrarians, who seem to be the majority these days on the web. The market doesn't hand bottoms on a silver platter like that. It could happen next week only if we get very heavy selling, but Friday was definitely not it. Lots of volume, but not lots of panic. Need both for a good bottom.