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Garnry: All European markets falling - time to panic?

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Saxo Bank's Head of Equity Strategy Peter Garnry has this update on the stock market falls seen on all European markets today. 

The Dax, for example, has been heading down towards the 10000 level while the FTSE 100 closed at 6300 after the last full session. Peter analyses whether investors should panic and make a run for the exit amid hope that buyers will return.

Plus, Peter has noticed a worrying trend in energy stocks, looking at US energy firms over the last four years he's noticed a steep decline, so just what is going on?