The Nikkei fell over 12% in one day, the worst since 1987. US stock are opening sharply lower but not nearly that sharply. NASDAQ futures are currently down over 5%. There is a pessimism in the market that wasn’t there several weeks ago. The upside is that treasury yields have fallen sharply and that means mortgage rates have lowered considerably. Looks like a bit of a roller coaster ride in the near term.
