earnings in the morning

bax, bbt,bk,c,cal,luv,mer,pnc,rs,txt,utx

world markets as expected are getting bombed, gasparino says funds are liquidating heavily because of redemptions, citadel announces that they are down 30% ytd

dow futures down 104 nazz down 9, spx down 11 japan down 5% korea down 6%

catch you in the morning, paulson interview with kudlow would not say we are in a recession-would not say it–and we’re supposed to trust these egg heads