Well, so much for the decoupling theory. The world seems to believe that they follow the US into recession.

Global markets are getting routed tonight again in Asia. EU and Asia markets took a beating on Monday.

Dow futures as of few minutes ago are pointing to a big drop tommorrow.

Dow is off by approx 16% since Oct.

I believe that the problems with bond insurers are driving a good part of the sentiment overseas that credit crunch will intensify.

Should be an interesting week ahead.

Bubblesitter