Perhaps. Although over in this thread some folks spoke of short positions which were promptly invalidated.
I for one think there is going to be a general trend of legit decline caused by legit real problems in the real economy. Most of which can be laid at the feet of musktrumply vandalism. But some of which were waiting to happen anyhow to an overvalued market. As always with calls to bail to cash to wait out the carnage, the hard part is picking your re-entry point.
At the same time, imposed on top of that secular decline, there is already, and will continue to be, an increasing amount of deliberate market manipulation, where the insiders front-run Administration announcements calculated to trigger a gain (or loss) response in investment sector X. You can get hammered pretty thoroughly by being long or short when they announce some BS intended to be instantly bearish or bullish respectively in that sector.