Last night, I posted that things look worse than we thought, in Europe as well as the US.  Today — while those of us in the US are trying to enjoy a day off for Labor Day — European markets sold off heavily.  At this writing (10:30 AM EDT), the French CAC and German DAX indices are down over 5.3%.  The DAX is at a 22-month low.  That percentage fall would be a 600 point drop on the Dow.  Watch out Tuesday!