More Bloodletting Tomorrow?

[Annie]

Tokyo stocks hit 28-year low as investors flee risky assets - Yahoo! Finance

Tokyo stocks hit 28-year low as investors flee risky assets
ReutersBy Chikako Mogi | Reuters – 13 minutes ago

TOKYO (Reuters) - The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.

Tokyo's Topix index <.TOPX> lost as much as 2.4 percent to 692.18, a level not seen since late 1983, according to Reuters data, while the Nikkei average <.N225> of major stocks tumbled 2 percent. The Nikkei last week marked its ninth straight week of losses, the longest such losing streak run in 20 years. <.T>...

 

[iamwhatiseem]

I would imagine all this week the markets will be weak. I would not however expect any really major drops. The manufacturing report comes out today and is expected to be weak, as well as inventory reports.
My total guess is that the markets will reach the 11k mark. (not 11,000...11,999 or below)