DAX is now down 15% as China doesn't matter" the aforesaid devaluation began with most European crawling down 3-5% from Friday's closing as the day started off with an awesome bounce only to test a brand new lows. EURUSD is now up over 550 pips in 4 days calculating back to 7 month highs. European bond risk is now surging couple with Portugal uping over 490bps since China's massacre debacle began. And finally here we are- Mr crude continues to get crazily battered, and is now testing the $39 handle for the first time since Feb 2009. What else can I say: EU AIRBUS on steroid