Asian markets plunge Tues AM

Asian markets are down around 4%, selling continues in a big way. Mainland China banks are down over 10% on fears of problems like the US is having. Dow futures are trading down 500, that's right down 500, taking them to the 11.6K area. That level indicates an 18% decline from the peak (over 14K just a few months ago). Tomorrow will be a memorable day in the US.