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Elevated levels in the VIX (CBOE Volatility Index-fear indicator) were signs of angst in the market that a segment of the investment community were fearful that something bad was about to happen.
Focusing on bad (or good) past recent experience as a basis for decision-making (Recency Bias) is not usually a good idea when investing.
My take, the "wall of worry" is unbroken, and the opportunities away from the hot spots are still abundant.