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reduce liquidity and they re trying to trick their own asset bubble and real estate there and that s causing gyrations in the emerging market world and we have an options exploration tomorrow and the options and futures when the s&p 500 drifted below 1600 in the middle of the day, that was a key option level and i think that hurt the markets as well. take a look at emerging markets and there is a lot of debate going on tonight about to what extent china is hurting. emerging markets and the rest of the world and to what extent the fed is. it s 50/50 at this point and look at china down 4%, the philippines, all of these emerging markets have been hit and this is the worst one we ve seen. repatriation of money overseas causing the dollar to rise two days in a row and that s hurting commodities rather notably. look at gold down 6% and that s one of the worst we ve seen in a long time. copper and zinc generally work to the downside and those base metals, indication of a slower glo
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