Last week, we discussed the increasing odds of a 10 percent correction in U.S. equity markets. At the end of the week, markets had a 90/90 downside day, something that has technical significance if you are inclined in that direction. The expectations that follow a 90/90 day are for a bounce and a further retreat.
Given the deep red state of futures this morning, things seem to be playing out according to that probability.
But before panic sets in, let me throw a series of random ideas at you that might be worth considering before going home for the weekend . . .