Out of Whack

There is something terribly out of whack -- either this is the new paradigm as we enter a new world order with central control (a la Orwell 1984), or this is simply an unprecedented mass liquidation -- The Great Unwind as the media has coined it. These hedge funds are toast and this appears to be their Waterloo. It's probably best for the average 401k investor to to go away for a few months with no contact with the financial markets. I can't see this persisting. I really believe this is selling for the sake of selling. What are we down 15% in 10 days. The stock market is now trading like the silver market. It has gone absolutely crazy!! Take a look at some of those Dow stock quotes - IBM - $91.00, AXP 26.50 (i bought in 10 points ago thinking that was a great price), BA 47, T 25, TROW 43, AB 29 PGR 13.8 CAH 43, TGT 42, MET 28 (so long its balance sheet doesn't blow up w/ toxic debt instruments). There are bargains out there. Businesses selling for well below their intrinsic value. This is text book Ben Graham. I'm looking for money to start finding its way into these bargains eventually.