As if on cue...

written this half an hour ago:
<<... the SPX down 1.7% as we speak... giving up yesterday gains... on numbers which in theory were expected (consumer spending down, consumer confidence steady at low level)

Silly market indeed. Good to be long gamma!
>>
now down an additional 1%

Yesterday and today's move "sort of" cancel out, though volume is higher on the down moves (as it has been for a while). But they are big moves. We are entering interesting territory: the views confirmed. We stay long gamma.

EDIT: I can't resist one more line: VIX is at 30 again. There is a whiff of panic around. One feels like head-shaking