Financials at NASDAQ

The economy being what it is today everyone watches the "stock market", NASDAQ is a diversified global market with over 50% of clients being from financial,industrial,health care, and consumer sector. Some of the analysists have predicted that the market will go under like the crash in 1929m, however, others claim with the diversity that we are only in a slump. Tell us your opinion is the market still doing it "The American Way?"