I think I may need to rename this segment, because it looks like things are really beginning to pick up speed.
Although US markets were closed on Monday, the rest of the world was busy screaming "sell" at the top of their lungs.
Now its Tuesday on the other side of the dateline, and the rout is continuing. The Australian market is down 3+% in the first few minutes of trading, a trendline the other Asian markets are sure to follow. And yes, by tomorrow morning, that wave will hit NY.
Hang on kids. you're about to get a serious lesson in the meaning of the word "recession."
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