The market is now higher than it was on June 17. Anyone still panicking?
Panic is a good thing for investors and traders alike, as it creates misalignments and opportunities.
AFAIK nothing fundamental changed between June 17 and today as far as the weakness of the European economy, and since we didn't see a major (as in more than 10%) selloff in stocks, neither did anything change as far as the overall market valuation.
The few things that did seem to change since then are that Treasury yields are lower, gold is higher, and GBP/USD is at a lower level.