Historically speaking, when short term volatility occurs, it rarely lasts and markets have corrected themselves and still trend upwards.

FORBES: Dealing With Short-Term Market Volatility

In short, volatility begets volatility, because volatility generates stress.

FORBES: Commodity Correction Will Last All Summer As Massive Carry Trade Unwinds

The recent increase in volume is accompanied by an explosion in volatility: The CBOE Nasdaq Volatility Index, reflecting short-term expectations of volatility in the Nasdaq 100 Index, surged to 80 from 20 or so between mid-2006 and October of last year.

FORBES: About Robert Greifeld