Holy cow. It looks like the stock market is going to hell in a hand basket -- again. Fortunately, this is an opportunity for most of us and a problem only for those with a short memory.
First, we have to keep front and center the reality that there is, periodically, a disconnect between the value of stocks and the companies that they represent. For example, with the S&P 500 index off by 17 percent since its high four weeks ago, do we all think for one minute that the actual appraised value of our largest 500 companies suddenly dropped by that much in just a month?