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Don't give in to your flight instinct in response to the latest stock market volatility. Running for cover in cash right now promises to be the worst possible move. I know, I know. Cash is supposed to be the ultimate safe haven. A riskless investment, if you will but, in truth, cash is the proverbial "Death Star". [Let me explain why and show you some irrefutable proof.] Words: 544; Charts: 3

Fearing that the flow of nourishing mother milk from the Fed could dry up, a resolutely unweaned Wall Street threw a hissy fit and the dummy out of the pram last Thursday. The end of QE is seen as the beginning of the end of super-easy policy and potentially the first towards normalization. There is only one problem: it won’t happen. Here's why.

Stocks rallied through May this year mostly on expectations of continued easy money from the Federal Reserve but after the Fed indicated last week that tapering could begin as early as this fall, coupled with concerns about Chinese growth, stocks sharply reversed course and Treasury yields spiked. I expect market volatility to last through the summer as investors remain uncertain about the future of monetary policy and the strength of the global recovery. That said, I wouldn’t advocate abandoning stocks. Here's 3 reasons why.

Not one Precious Metals guru has gotten anything right in the last 18 months. All have been calling for considerably higher prices. Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look.

There are many, many different takes on why the stock market has been ripe for a fall and why it has finally happened. Below are 30 of the best-of-the-best such analyses to help you come to some sort of resolution.

Last Wednesday, Fed Chairman Ben Bernanke promised to end his bond-buying addiction - cold turkey - in mid-2014. That is, as long as the economy is strong enough. As a result, investor fortitude was pushed to the brink. Stocks sold off hard, sending the S&P 500 Index down 1.4%. Before you head for the exits, too, let's get a little perspective.

The rubber band of Mr. Market has been stretched tight and is ready to release. The problem is that it is impossible to know which end is going to snap. Will it snap up or snap down?

The return of the U.S. dollar - and the secular outperformance of the U.S. dollar vs. the rest of the world - is a HUGE, huge trend. HUGE.

Nearly all markets except the dollar reacted rather badly to Ben Bernanke's news conference – even though it actually contained no news - Treasury yields soared, stocks were whacked, and so was gold. While the charts certainly don't look good in the short term, though, it should be pointed out though that investors with a longer time horizon probably won't make a big mistake by buying on weakness. That being said, however, in the short term all the tentative evidence that a bottoming process may be under way has by now been eradicated. Below are a number of charts illustrating the situation.

How could everything be selling off at once? Aren’t the various different asset classes (stocks, bonds, gold) meant to be hedges against each other? The simple answer is that although it would be great if that were the case, it isn’t — it never was.