I don't know what to make of this.
I do know, I am looking at individual names, and am not backing away from IBM. (I added just now.)
GS is approaching book value. Reports of 122 are floating around, but Yahoo Finance has it pegged at 128. Basically the market is selling GS with little-to-no future earnings potential.
C it is a steal right now.
Other names I can be patient on until the big boys stop sucking their thumbs.