How could it get worse? Why would anyone sell assets at these levels? Shorts. Shorts who make there money betting on the markets decline continue to wager on the decline. They continue to short the merket. Where's the proof you say? Where are the numbers that support this statement? Well I don't have time to lookup statistics on the percentage of the market that is being shorted. I will hypothesis if mutual funds are inundated with sell orders would it not make sense for them to short the market? They know the markets are going down before they go down. They have the orders. They know the direction of the market! So why not follow the trend? Who would sell asstess at these values? The earnigs are not that low. Most of the best vehicles are trading at 4 to 5 times earnings.