The articles are indicating that investors are freaking out. Its global economy jitter syndrome. Woe is us. European insolvency is re-emerging, then world markets literally tanked overnight. Like it or not, China holds great power in the global economy. China is the economy behind the economy.
Clearly the market will open with a drop. After that, well I've learned my lesson. The market has been completely unpredictable beyond the opening. Odds are pretty good it will be a foul day but who knows.
CNN: Stocks poised to drop
The Case-Shiller index of home prices in 20 cities comes out at 9 a.m. ET and a reading on consumer confidence follows at 10 a.m. ET.Reuters: Stock index futures signal sharp losses
U.S. crude oil futures fell $2 per barrel on Tuesday as stock markets slumped and risk appetite dwindled on renewed worries over euro zone debt, while the euro slumped to a lifetime low against the Swiss franc, stung by liquidity concerns before the key euro zone refinancing program expires this week.
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