Good business press

Mike Santoli of Barron's (and CNBC) puts it in perspective:

The virtually unwitnessed level of damage in a short period almost defies hyperbole. After Thursday's drop to an 11-year low on the S&P 500, the index was farther below its all-time high than at any time since 1949. The year 2008, had it ended then, would rank as the worst since 1872 at least. The S&P hadn't been as far below its 200-day average since 1932. Nearly 40% of S&P 500 stocks were below $4 billion in market capitalization, the minimum new stocks must meet to be added to the index.

He sounds compelled by the value case, but concludes with a recommendation of not an equity ETF but a corporate bond ETF (because stocks are still that scary).

via Ritholtz