Last night around 9:30PM I checked my twitter feeds and discovered some amazing news. JPMorgan to Buy Bear Stearns for $2 a Share and the Fed Cuts Discount Rate. This all happened on Sunday night.
I then checked futures and NQ was down over 40 at the time and YM was down over 200. The asian markets were down over 3%. I ended up watching the futures till after mindnight. The stock tweets were also a buzz all night last night as well.
Currently futures are showing we will have a big gap down and the Q's are currently trading in the $41.30 level but they are up from the lows.
S&P 500 (MAR) -25.25 
| Nasdaq (JUN) -37.00 | Dow (MAR) -188
I may play a call on a gap fill for a daytrade, but will just have to see how the trading looks in the first 30 mins or so, we could just head down from here and not look back.
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