Happy Sunday To You!
We're getting constant news wires from Asia and Australia right now (since their market is already open for Monday). Most major indexes are down over 3%.
There is normally interconnectedness between US markets and the global economy's indexes. But it is appreciably bad all over so far tonight. We'll see how European markets fare later in the evening, but so far, signs are pointing to another day of selling in US Stocks.
Prices, however, may be low enough to attract buyers, especially if the ISM report reads stronger than expected. If the report holds to expectations or below, and no unexpected bailouts, interventions, mid-session rate cuts, etc... are announced, I believe we'll have another down day for the Dow and another good day for mortgage rates.