Look Out! It`s Friday, Global Markets Are Tanking, Where`s The U.S. Headed?

U.S. stock futures are off considerably, global markets are tanking, and it's Friday. None of this bodes well for the opening of the US markets. Brace yourself, it looks like the markets will be rockin' and rollin' today.

"European markets got off to a terrible start. Within the first 10 minutes of trading, London's FTSE, the CAC in Paris and the XETRA DAX in Frankfurt, Germany, had all sloughed off about 10% of their values ......

Asian markets ended lower. The Nikkei Exchange in Japan closed down 9.6%.

Meanwhile, the Australian All Ordinaries index closed more than 8% lower and South Korea's KOSPI index finished the day off 4.3%.

Hong Kong's Hang Seng index was down about 8% in afternoon trading and Mumbai's BSE SENSEX was down 7.4%." - Money.Cnn.Com