Odaily Planet Daily reported that Tom Lee commented on today's market flash crash: "The decline was expected, having already achieved a 36% increase since the April low. Today's VIX index rose by 29% at one point, the 51st largest single-day fluctuation in history, and is in the top 1% of extreme market conditions. Today's decline is a good clean-up. What I want to tell you is that the market is indeed a bit nervous, but unless there are real structural changes, this pullback is a good buying opportunity. I can't say that the market has bottomed out today, but we know that under the current circumstances, the next week or even month will have good returns. If someone asks me how the market will perform in a week, I would answer that the probability of an increase is quite high."