correction?

Shanghai went... or we will see if there is a trend but 5% correction in one trading session is fairly serious. One may suspect that that should or could make us nervous enough to set a new downswing..

1.408 on the dollar euro... also not good for the Hyperinflation trade...

Now... Europe did open down then shoot up..... but now they seem fairly flat...

so .... question is which do we follow Asia or europe....