Well, it's not likely to abate any time soon, IMHO.

The Dow Jones Industrial Average is down another 44 points early today. Losing issues on the New York Stock Exchange hold over an 8-5 lead over the gainers.

Moreover, the Nasdaq Composite Index is off another 88 points to what will be a new closing low for the year, and the Standard & Poor's 500 Stock Index is down 11 points.

Additionally, there are also more caution flags in the technology area today.

So the pressure is really ON and many will lose funding and sadly fold up the tents!