With most if the market now being overly bearish. Does anyone see any hope for a bounce based on bears covering anytime soon?

So many people shorting and holding puts. Yes the market is down but its down on fear while the economy isnt really doing that bad. Job growth is good. Wages increasing. Earnings arent really falling off a cliff. So do people think there is a point where things get so oversold that fundamentals have to kick in? I just dont see a drop like back in 08 because in 08 we had a massive economic crisis where gdp fell, homes were lost, wages lost, and employment was dropping. Nothing even close to that is occurring right now

Submitted December 22, 2018 at 11:14AM by Jpat863 http://bit.ly/2T7fvpT