As far as the inverse h&s, it could be setting up that way, but there's no point thinking about it unless/until it gets back to the neckline.

As far as fundamentals of individual stocks go, right now the market simply doesn't care. Everything trades together.

Much as I hate to admit it, even technical analysis is dubious right now. Which is probably a good thing, because the technicals of most stocks have deteriorated horribly in the last couple of weeks.

Currently, it's all about sentiment. Everyone thinks Europe is going into a black hole. If it does, then it really is 2008 all over again. But, any other outcome will change the sentiment and rally the markets.