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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).

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