With the yield curve steepening and the VIX piercing 28, aggressive investors may want to take advantage of last week's sell-off.

Chartered Financial Analyst (CFA) and author of AGAINST THE GODS, Peter Bernstein, may disagree. He told a CT society of CFAs that the Goldilocks Era of "just right" conditions is over. He thinks that we are in for a long period of slow growth and that it will be a long time before we see a vigorous expansion. Ouch.