Well I have to agree now. A couple of day like this, the earnings hype over for another 2.5 months, futures down over 12 - those are classic bear market factors imho.
We all now know what bear markets do and they do it very quickly.
Markets are just like sheep herds...tomorrow my guess is that the sheep will be heading for the exits. In a few weeks time as the business pick-up starts to accelerate the shheep will head back in and so on etc