After shrugging off a period where Do futures were down over 500 points, the Dow is now down a mere 375. The S&P 500 is down, but only about 2% to 2067, so well off the overnight lows.
Sterling is getting pounded, down about 7% from yesterday's levels. Eurostocks are faring comparably poorly - Vanguard's FTSE Europe ETF is down 9% in dollar terms.
And what does it mean? You tell me.