NOT EXACTLY UNEXPECTEDLY: U.S. Stock Rout Deepens in Broad Shift to Safety: Benchmarks fall more than 7% as S&P, Nasdaq join Dow in bear-market territory. “Outside of the U.S., losses were broad. European equities also fell, with the Stoxx Europe 600 shedding about 11%, putting the pan-continental gauge on course for its worst one-day performance on record.”

I think it’s got more to fall. I’m sitting on some cash waiting to buy in, but not yet.