Now people are panicking?

Now what?

The market is tanking, reportedly because people are panicking over Europe's financial situation and commercial real estate concerns.

Don't get me wrong! I like seeing lower prices. (I'd like seeing them even more if I had money sitting on the sidelines to buy all of these things on sale.)

It just doesn't seem to make sense to me.

I realize that the stock market has been creating its own sort of overpriced bubble for a while. Several stocks went from being way too under-priced to costing more than they're worth seemingly overnight. (It's really been over the course of the past year-plus.)

It's just that things I am reading TODAY, just....