nasdaq at the lowest level in a month. right now nasdaq off by nearly 40 points. s&p 500 under pressure today. down bay bit more than 1%. obviously europe is remaining a drag on the street. what has changed now? this is before with the latest headlines showing the same fears about that region s fiscal situation. why are investors suddenly pressing the sell button right now? today s closing bell exchange, bob pisani, black bay group s todd shellenberger. stu schweitzer and rob smalley. rob, we begin with you. last week, wednesday, thursday, we are talking about dow 13,000 again. we are like on the cusp of that. all of a sudden now we are worried about europe. front and center yet again. what s going on? well, it is very simple. if spain really does the full scale bailout, not $it means its in play and there s just not enough money. right now to find that. lot of traders think ultimately the end game now is coming and the ecb will have to step in and be the lender of last