But at some point the sell off becomes overdone and we may be not far away from that.
When people focus back onto earnings and growth potential the stock market will again move ahead. Things are a bit too cloudy at the moment to say how this will effect long term growth potential.
At the moment markets are moving on the negativity of debt concerns and currency depreaciation. However economic activity was in a growth stage and should still be able to maintian that growth if people don't panic and stop their spending habits.
This is GFC2 but should in no way be as bad as GFC1.
