Very succinct, to the point and illuminating post on Tim Knight's Slope of Hope blog going through every conceivable scenario for what the market has in store for us in the coming trading days.

Tim seems to be of the opinion (which I share) that the market does not NEED the VIX to go above 30 for a bone fide rebound to take place BUT... that it would sure be better and embark more people (suckers?) on the rebound rocket. He also thinks his baby the Russell 2000 Index (and its attendant ETFs IWM and the turbo-charged UWM) will be the one doing the most rebounding. I'll stick to the Qs.