I have seen market declines inthe past, and this is a bad one for sure. The market seems to always recover with time. There is no way to know how long it will take and how much damage this will cause in the meantime. The only bright spot I see at the moment is road construction is strong. Other types of job growth is weak and housing stinks. All this and high oil prices.

It's going to take a while to work out I'm afraid.

But I don't believe the sky is falling.