Two things I have heard too much from all the analysts that appear on TV--- 1) This is the capitulation and the area of the bottom 2) It is too late to sell now Now the scary thought---the market always surprises! Can it actually fall farther from here over the next week. Even in 1929, it fell about this much percentage-wise and then rallied over a few months (to then fall a lot further in the subsequebt years). Is there still too much complacency now to muster a real capitulation and then a big snapback rally?
vix over 70 - almost double previous vix peaks unprecedented at every panic low, there is the fear that the bottom is going to completely fall out this may be the time it's actually true