S&P down nearly 1%

The S&P index is back on the defensive - moving toward the lows for the day and down 1%

Nasdaq is down 47 points or 0.93% and the Dow is down 155 points.

Over in the Crude oil market, the price is trading at $37.80 area down over 5% on the day.

Gold rallied strongly on Friday moving above a downward trend line, but is back down in trading today.

Copper is down abut 41% (generic 1st contract) from the high this year and is trading at 2009 levels.

Iron ore is down at low levels. This is what the chart looks like over the last 5 years. This year the price is down 31.79%. It looks like nothing compared to the declines seen in recent years.