European Markets This Morning

The FTSE bottomed at nearly -10% from Friday's levels & have rebounded around 3.5%.
The DAX, down around 12% from Friday, has rebounded nearly 3% this morning.
Similarly, the CAC 40, off 12% or so has bounced over 3%.

There is no doubt that the US markets are going to gap down big. The question is will they bounce 3% or more from the morning bottom or stay down on the matte, pulling the European markets into the toilet. I think the FTSE, DAX and CAC will see their lows of the morning again once the Mother of All Markets opens for business.