I am now leaning more towards the scenario, where this thing is gonna cause more pain for another month or so till mid Sep, then run up to the Oct earning season.... on the ground level I just don't see how earnings can suffer big..
during the '08 drop, there were no job openings.... today you go to Dice, companies are still hiring like mad.... I still think this current drop is just shake and bake... but, this is still anecdotal stuff, chart still trumps all else.