CHESSNOID

I guess every country had a massive sell off yesterday because of lower outlooks for each of their respective countries.  They all fear of a global recession and its effects.  Yahoo:
The pullback in the U.S. wasn’t as steep as some on Wall Street had feared given the massive declines seen overseas after another round of [...]

The stock markets tumbled at the open as expected to a low of 6 1/2 % but has since erased half that amount.

Dow

8,335.30
-355.95
(-4.10%)

Nasdaq

1,554.96
-48.95
(-3.05%)

S&P 500

870.06
-38.05
(-4.19%

When I saw the futures last night, I knew it would be a bad start but I really couldn’t figure out the reason why.  Even right now as I read all the headlines, [...]