This has never happened before - where earnings fall faster than stock prices. Usually, stocks "discount" recession ahead of time...
MW: Feb. 29, 2016
U.S. Stocks Are More Expensive Now Than At Start of the Year
"Profit estimates are falling faster than stock prices"
Price / Volume
Price / volume short-term
NYSE Momentum oscillator
10 day Momentum Oscillator:
Stocks just figured out the direction for 'RISK' is down: