This downward movement is heavean for good traders, even if we are in a bear market, short term profits possibilities are insane during this times, we will have green days, and even though we might not see the december highs for a while, it might be a good time for all of us to increase our trading skills. Remember, people get rich during recessions
I really don't think many people try to play the market in these conditions, it is almost asking to be burned. People get rich buying low, and selling high, do that a few times successfully and you've multiplied your money. But when the market is trading so harshly like it is now, it is very easy to catch the top of a new dip, and then be screwed.