It's Thursday, August 18th, and this is Market Foolery.

I'm Chris Ellen joining me in studio today from Motley Fool Asset Management, Bill Mann.

From Motley Fool Global Gaines, Tim Hanson, and from Inside Value, Joe Meager, guys, decided to make it a three-piece.

The band is still together. That's right. I think there's a trademark on that.

Yeah, it's going to expire trust me. We've got... I feel some anger in the room I got to be honest.

At some point this is all going to boil over and we're gonna you know all things

come to an end because they end badly and we're headed in that direction.

I think we are we will and we will get to that later when we get to the outpouring of response from our

dozens of listeners a lot of emails to get to but we have to start with the big

story of the day it was at least for the first few days

this week relatively stable in the market. This morning the Dow down at more

than 400 points. Tim one of the things you put out on Twitter,

and I'm quoting here, 4% moves are back again.

What happened?

What happened today to kill the stability.

It looks like the catalyst is this borrowing of 500 million euro by an unnamed European

bank from the European Central Bank, which has people concerned again about bank failure, which obviously

is what preceded the credit crisis that caused the downturn just a few years ago. You know, the one thing that had made this downturn different from the one a few years

ago was that banks were still lending to credit-worthy people.

A couple years ago, nobody could get capital.

So if this is a sign that banks are stressed again and capital is going to dry up, that's where I think

people are concerned about a repeat.

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