Unless something miraculous happens tomorrow, prepare for a down day. Probably a big one. As of this post’s writing, US futures are down over 400 points! Asia’s pain first:

Start performer India’s Mumbai Sensex down 7.41%. At one time it was down over 2,000 points i.e. nearly 11%.
China’s Shenzen down 5%.
Hong Kong’s Hang Seng down [...]

US markets are heading downwards, probably one of the worst January month of stock market history. The head of the U.S. central bank says America’s economy is slowing and that a short-term economic stimulus package would be beneficial to spur growth and help avoid the risk of a recession. And President Bush thinking of package [...]

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Emerging markets are surely in a bubble phase right now (I am sure it’s a “bubble” while rest may say “could be”).
So, now big boys are telling us that there is a possibility of bubble in emerging markets. Well, it can’t be more timely than this especially after Friday’s sell-off in [...]