dow falls by 100 overnite

this is an extract from an announcement made by bloomberg this morning........

Selling First'

Lehman led declines in 17 of 29 stocks in the S&P 500 Diversified Financials Index as the measure of banks and brokerages slumped to its lowest level since March 17. The 24- member KBW Bank Index declined 1.3 percent to 73.55, a five-year low.

``Right now people are selling first and asking questions later when it comes not only to Lehman, but to the financials in general,'' Michael James, a managing director at Wedbush Morgan Securities in Los Angeles, said in an interview on Bloomberg Television.