I do not think today is the beggining of the end. That said, I think there is a good chance that there is at least a little follow through tomorrow (unless there is some sort of crazy surprize in non-farms). Even so, unless the market is down another 1%+ tomorrow, there is a chance the VIX might actually fall or remain relatively flat tomorrow. At the same time, I expect that VIX futures and the VIX ETN's might all be green tomorrow. Take a look at the VIX vs the CURVE at the close (there was a big TAS trade that ran VIX AUG up after the bell).