Look at the leaders in this market right now: nasdaq, goog, aapl, etc... All serious growth stocks without much leverage (and thus debt burden) on the balance sheets. All of the lower PE earnings yield arb plays have quite a bit of correcting to do: utilities, materials, commodities, etc. if long treasuries continue falling off the cliff. Hell if AMZN is up most of the day in a market like this, you have to realize this isn't quite a 'crash'. Nasdaq's turn for the next run up. 5000 next year here we come (just kidding... couldn't resist) And yes, I bought the dip. Am in the red - hopefully won't be for long.