The averages sharply down in the morning in the U.S.
Economic numbers came in weak.
The Dollar is having a weak day and the weak dollar plays are back on.
Gold, Silver and those miners, even the steel stocks holding up well.
Banks weak again.
Compare EEM to SPY.
Emerging markets holding up well.
I must say though, that from the perspective of a "tape reader" the Vix is not really acting as strong as I would think given the averages. I may be early in a selloff, or...
Control your risk, do something for a change. If it is wrong you can always UNDO it!