[kcvl]

The Dow plunged Thursday amid buzz in the market that European banks have halted lending.

One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.

“This is similar to what took place pre-Lehman Brothers,” the trader said.

http://www.cnbc.com/id/36988229

[Cage Rattler]

almost all intrady trade is currently computers vs computers .. very little human involvement now.

[CRBDeuce]

With about an hour of trading to go, New York Stock Exchange composite volume has already topped eight billion, making this the second-busiest day of the year in the market. The 2010 high was 8.4 billion shares, set on April 16 when the government filed fraud charges against Goldman Sachs.

Your story and this line from the very very long wsj story that didn't say anything are equally likely 'who to blame' for the drop. Just hard for me to believe that CNBC got ANYTHING right tho'.

[kinghorse]

It’s bad apparently. I do business with a large French factory and they essentially curled up in a ball and suspended payments last week. Everyone over there must be in hoard and hold mode.