sectors such as tech, energy, comodities, materials are reporting growing earnings? Apple sold 10 million iphones, beating estimates Online ad revenue continues to grow http://seekingalpha.com/article/99388-web-ad-revs-up-15-2-in-first-half And IBM beat the consensus a few days ago Sure some sectors are hurting such as transport, finance, and consumer, but others are immune. There is a panic, but hardly a crisis and no recession. The only recession is mental one. GDP is STILL positive.