Tom Lee: Today's decline is a good time to buy

Tom Lee commented on today's market flash crash: "The decline was expected. We have already seen 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 performance. Today's decline is a good shakeout. 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 earnings performance in the next week or even month will be good. If someone asks me how the market will perform in a week, I would answer that the probability of an increase is quite high."