Volatility kills the market again

That darn $VIX !! Today, just like yesterday the VIX spiked again and today it ended the day at the highest level of the week. The chart below is the volatility chart for the past two days (5 minute chart).

The markets have become extremely hostile for us traders. Even long term buy and hold investors are seeing some of their gains from the early part of this year slip away. Again, just like yesterday some money was placed on the table to only have the pit boss (bears in this case) take it away. More later...

Fp80