We agree. I have said all along that before this is over, there will be no safe havens - not MMM, PG, JNJ, IBM, MSFT, nor any sector will be spared, with the possible exception of gold/silver.
Since I posted this last message a week ago, software stocks SAP, PSFT, and ORCL are down 14%, 8%, and 7% respectively whereas the NAS is only down 1.7%.