It was bad enough that the Nikkei traded down over 9% today and most of the rest of Asia fell 6% to 8%. But the opening of European markets is a dramatic vertical trajectory down:
DJ Stoxx 50 down 8.3%,
FTSE down over 10% in five minutes, now down a comparatively modest 9.23%
Dax 30 down 9.8%
CAC 40 down 9.8%
The yen is at 98 to the dollar, Brent crude is at $79 a gallon, gold is $926 an ounce.
Dow futures are down a mere 229, S&P 500 futures 25.
Update 4:20 AM: Some recovery from the awful open, paralleling what happened in Asia. FTSE down only 6% (every think “only 6%” would apply to a market move?) , Dax down 8%, CAC down 7%.