History has shown us these temper tantrums are usually short lived. The Volatility Index (VIX) has plunged back down every single time it spiked more than 50% in a single session.

There is still caution in the air, but early gains are holding.

There is even a chance of more advancers than decliners for the first time in 14 sessions.

In other news, Spain seems to still be doing well economically, despite having no government for several months.