If you ever go walking to the countryside, you will probably see lots of sheep ( at least in the UK) the funny thing about sheep is, that if you are able to scare one then the rest will run blindly with them. Sure you get the odd tough bastard every now and then who will charge at you, but mostly they just follow the herd.
The amount of bad news that has been rolling out daily only points to one possible scenario ( Manipulation ) the most convincing reason for such an orchestrated manipulation is " the wealthy looking to shake out the weak hands " drive the price down and then take the lions share.
In which case the only possible outlook is to remain positive and to build up as much as possible in the fire sales, in 12 months you will look back and think F**K why didn't I buy more.