I agree that we are seeing the sort of disbelief and then...

I agree that we are seeing the sort of disbelief and then capitulation we saw in the tech wreck...was just saying the tech wreck had it coming. Generally speaking, this market didn't, except too many were probably over extended on a personal level, and some of the financial stocks were over engineered / too smart by half.

On a general level this market wasn't overvalued a month ago and even if we factor in a slowdown which will hit earnings, it wasn't outrageously expensive in my opinion.