No place to hide

Bear Stearns, Indymac, Freddie/Fannie, Lehman, Merrill Lynch (I'm sure I'm missing quite a few more here) - Today's 500 pt Dow drop is the biggest in recent memory. Since March of this year, I've felt that the stock market has been an extremely dangerous game of catching falling knives. I had thought the smart money has been in FDIC insured savings accounts. But with the scale and speed of recent events, I'm not even sure about that anymore. Nervous times.