S&P 500 futures down 22 points

US stock market futures are down 1.2%. If that unfolds as expected, the S&P 500 will be just 1% from the January low of 1812.

Is it really that crazy to think the S&P 500 could fall another 19% to 1500?

Japanese stocks were down 5.4% today; European markets are down 2-3%.