Market Distress Boils Down to CORE (China, Oil, Recession fears, and Earnings slowdown)

On Wednesday morning hours before the market open, futures were already telling a discouraging story.  Tagged on to the nearly 400-point drop of last Friday, and the 1,000-point drop that the market opened within the first week of this year, it is beyond safe to say that the market is just awful, the trend line is down and sentiment is as negative as it has been in quite some time.  The Dow and the S&P 500 are down in the range of 10% year-to-date, and we now see the Nikkei (Japan) in a bear m...