Those were my thoughts and my strategies as well. I would look for stocks knocked down during this hour and picked up some good bargains.
I think it was mostly Monday and today this happened, and JC may have been right that some retail may have used the lunch hour to get out...don't know. I just know that it is not usually big money players who sell during lunch. I did see some 10k+ buy blocks go off after lunch each time it drifted back down.
Normally I would be loving all the volatility in the market, but if I can't focus won't day trade.
Hopefully we'll start back up tomorrow.