Remember the fundamentals of stocks don't matter in the modern stock market. Banks need volatility from markets to make money and its far easier to short sell the current zone than it is to prop the price of large companies higher during a downturn.
Just ask yourself ``If I were a bank would I carry all of these schmucks to all time highs and hope they don't take profits out on me, or am I going to short sell this zone and ride the panic sell wave down to more comfortable areas.``