S&P 500 futures are down 2.4%, which is about 1 percentage point off the lows but still an ugly outcome. I wonder if we start to see some forced selling at the open as well.

If there’s a good bit of news to dwell on, it’s that Cramer on CNBC sounds like he is near a meltdown on TV.

This article was written by Adam Button at www.forexlive.com.