Inbalances accumulated over the course of a decade of free money likely won't resolve within 2 weeks. There is a lot of junk and baseless speculation that still has to wash out. Many people will hold for a time in hope it's just a blip and goes right back up. When these give up and flush out, then things are nearing support and the market has a solid base from which to rise again.

My (non professional, this is not financial advice) opinion is it will take awhile (at least 3-6 months or so) for everything to shake out and reevaluation to occur.