dow looks terrible, page-59

Exactly my thoughts mja. Chinese govt has huge reserves and will keep economy going over the next few months. But inflation and falling demand for China's exports will slow them and other Asian economies eg Korea. By how much is the hard bit.
I reckon we are entering a world wide bear market. The wild card is energy. I expect base metal prices to fall but energy could well be different. Energy is related to national security and we cannot function without it. Hence, any distruption to supply will strengthen prices.
How 3rd world countries mange with massive fuel costs is beyond me.