Volatility is here, says Virtus' Joe Terranova

So there is no reason to define the volatility. The volatility is here. Understand that.I don't think we have enough clarity. I don't think we have enough confidence in the clarity to expect on a day like yesterday where it looked as though you had the all clear and the market's going to break out to the upside to believe that can unfold. I think the same thing is true this morning.I don't think you have enough clarity to believe that there's a significant deterioration that's unfolding. So what do you do i ...