This is all further evidence the news does not drive the market. Maybe people's interpretation might be a better way to describe it - this of course would go along the lines of social mood, I guess. The news the last 2 weeks has been awful. 'Earnings' could be considered good but you are dealing with the rearview mirror approach and shady accounting to get the 'beat' and guidance is being raised but we know how forecasting works in a bear market.