Unlike Monday, Chinese stocks were ugly overnight, erasing yesterday's 'odd' gains...And Yuan weakened modestly...European stocks extended yesterday's losses...Pushing Europe to its lowest in two years...US equities collapsed into the cash open, bounced to the european close then gave it all back...All major US equity indices went red on the year...From the highs: Dow Industrials -9.2% S&P -10.2% (Correction) Dow Transports -12.1% (Correction) Nasdaq Composite -15.1% (Correction) Nasdaq 100 -15.3% (Correction) Russell 2000 -15.6% (Correction) This is the Nasdaq's worst year since 2011...Semis entered bear market and ... (full story)