Another big sell-off rocking Wall Street fears of an economic slowdown sending stock

spiraling to Dow dropping 970 points for a loss of about 3.6 percent.

Every S&P 500 sector finished the day deep in the red,

and more incredibly, the move in bonds.

The 10-year yield at one point hitting 0.8 percent. Remember it was 3 percent just two years ago.

The drop leaving many investors on edge at the bond market may be predicting a recession is coming.

The Dow has now lost 2,400 points in just three weeks.

It is now just 1.2% away from wiping out all of last year's gains. Most other indexes they already have.

Your team of Fast Money traders tonight, Steve Grasso, Brian Kelly, Karen

Fineman, and Guy Adami. I'm Brian Sullivan. All right guy. I don't like to use this word but is part of this market investors panicking?

No. market investors panicking. No, I mean again panic is the wrong word.

We are within 7% or 8% of an all-time high.

People sold stocks given a run we've

over 10 years. is that panic,

the speed with which things are moving is clearly scary. I don't suggest that it's panic.

I don't think you've seen panic. And quite frankly, our job isn't to stoke the flames of those panics it's also

not our job to assuasia concerns we're trying to tell you what we think is

going on and with the vix at 39 and a half, given this backdrop, given the fact that people are not traveling,

they're not going to games, schools are closing, that is a fact now, we talked about it last night,

that's going to have a huge effect on the economy and a subsequent

effect on the market I've said for a while I'll say again I think Steve agrees

2850 or thereabouts in the S&P is a big level. That's about 7% from where we are,

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