what the hell is going on?

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In the last hour the markets have jumped off a cliff.. wtf is going on?
 
From Scottrade, look at volumes:
 

Market Statistics

Market Recap

Stocks are down sharply as investors liquidate their holdings across the board. The Dow Industrials are down -5.67% to 8,733. The benchmark 10-year Treasury Bond is also lower, its yield rising to 3.80%. The Energy and Financial sectors are the biggest laggards, down -10.35% and -9.09% respectively.

Major Markets

8,709
Price		 -548.85 (-5.93%)
Change Today
Advances 1
Declines 29
Unchanged 0
  Advances Minus Declines -28
8,686 - 14,198
52 Week Range		   1,306,778,000
Volume
0
New 52 Week Highs		   13,909,000
Up Volume
--
New 52 Week Lows		   1,292,819,000
Down Volume
Dow Jones 30 Detail
1,662
Price		 -78.16 (-4.49%)
Change Today
Advances 597
Declines 2278
Unchanged 101
  Advances Minus Declines -1681
1,662 - 2,862
52 Week Range		   1,044,368,900
Volume
1
New 52 Week Highs		   90,574,800
Up Volume
768
New 52 Week Lows		   950,377,700
Down Volume

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