Events in Greece, the EU, the bond markets, the UK election (exit polls suggest a hung parliament at time of writing), China... all these are working to undermine confidence and create uncertainty, yet traders now believe that this sell-off might have been 'an accident' and, with prices now substantially lower, there is eagerly-awaited US economic news on Friday that could spark a big bounceback.
I'll be watching events carefully and will issue another post immediately if conditions deteriorate into genuine crash territory.
Otherwise, I'll return late Sunday 9th, with an update on the latest dramas, in my scheduled post.
PS. If you want to know what a real market crash sounds like in the mayhem of the futures exchanges listen to this: it's one of the guys taking orders in the pits as panic strikes.