I'm reminded of the wisdom of my daughter, the doctor. She told me that one of the cardinal rules of medicine was:
"When someone's having a cardiac arrest, the first thing to do is check your own pulse and blood pressure".
Loosely translated, she meant, when everyone around you is shouting and running around crazy, make sure you've got your shit together before acting. While the S&P was bottoming today, I checked my nut sack, found the contents intact and sat tight. If I see the .VIX peaking, I've got a megabuck to throw at the problem.
Ha_ _ _