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For the first time since March 2003 the Dow Jones industrial average fell below the 8,000 mark, closing at 7997 points in no small part due to uncertainty over the fates of General Motors, Ford and Chrysler.

On the heels of comments from the chairman of the Federal Reserve, Ben Bernanke, and treasury secretary, Hank Paulson, investors pulled money out of the market in the final minutes of the day’s session. The wave of selling is being attributed to the situation with the auto companies as well as the ongoing housing crisis and a reportedly bigger drop than ever in consumer prices.

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Image: The Dow says… POO by stepleton