Dow down 777.68, biggest one-day drop since 9/11. Seven percent in one day.

CNBC’s Charlie Gasparino: “The people on Wall Street are scared, right now, of the future.”

UPDATE: Nasdaq lost 9.14 percent…

ANOTHER UPDATE: I’m hearing some people say losing 7 percnet of the market isn’t that bad. Well, CNBC put it at $1.1 trillion in market value lost today.