Talked about it to an analist (buy side) yesterday evening at a conference i organised.
He says it's pretty deplorable, but pe's now realy reflecting a bad, bad economy in 6m to 1 year. Nobody trusts companies with good growth and signaling they dont see impact in the future. Investors r saying :... their business will slow down eventually. Anyhow, the moment we will see good figures in the economy, ... stocks will explode. And it will take a couple of weeks. Wont take long imho.