Oil hits $100

The AP is reporting oil reached $100 per barrel, not a great surprise but a major psychological number. Dow is down 213 with declines leading advancers almost 2-1. As I'm writing, the Dow falls more. The NYSE most active list is dominated by banks, all selling off, although Washington Mutual (WM) and Countrywide (CFC) are up slightly. This is shaping up as a rough day.