Its all looking just a bit too frightening for this little minnow.
I seriously doubt the US Fed is going to be raising rates again any time soon no matter what the numbers come in at.
China has a serious affect on the US/EU as well as Australia.
I think you could be correct here in that China is going down again today and will feed into the US tonight again which will feed into the world. I think this feedback look may go on for some while.
All just guesses mind you, but it does look as though there is a correction in the air and if it gets stuck in a feedback loop with China it will way overshoot the lower mark IMO.
I am encouraged that markets may finally be having a genuine correction.
DOW down about 1800 points so far.
