Asia lost about 4% overnight, and the same is true in Europe.
Futures indicate the US market will open at least 3% down, and the trend is sharply down. Hold on tight.
Note: CNN/Money’s charts are extremely inaccurate. They are showing the MDAX (similar to NASDAQ for German stocks) down 11%, which would be huge news – but going to the Deutsche Bank web site (who computes the index), it is only down 2.5%…. This is not the first time CNN’s web site has been extremely wrong. Use Bloomberg