The dow, nasdaq, the s p fell more than 10 in record time. It is just as bad overseas. Global markets lost 5 trillion bucks so far and keep going down. European and asian stocks fell 3 to 4 again today. Markets are in the red, could move into the green at any moment, but this is serious business. I want to bring in cnbcs dom chu. From a markets perspective, what is the logic . 16 days ago we were killing it. Six days we were at record highs for the s p 500. 16 days for the dow. This is a market right now where traders have maybe not necessarily been surprised by the down side move but it was a combination of down side move in as fast a period as weve seen. By the way, the six days it has taken for the s p 500 to fall by at least 10 means that this is the fastest span in history for the s p 500 that we have lost 10 . It only took six trading days. Thats what caught traders off guard. Theres a notion stocks were elevated. For perspective, we are within 12, 13 of record highs. The uncerta