This event is even less deserving of being called a "crash" than the so-called "Flash Crash". The markets did not crash; they blipped. Average investors shoul

This event is even less deserving of being called a "crash" than the so-called "Flash Crash". The markets did not crash; they blipped. Average investors should not have been affected at all. (Some probably were affected due to stop-loss orders, but those simply should not be used-- index mutual funds are a perfectly good way to gain equities exposure.)