Will the Fed rush to the rescue and will it matter? Check out the Nasdaq 100 futures now

So, as the European stock markets reopen this morning there is not one single stock in the green and so it is as expected- a sea of red on the opening. The slide in the Nikkei 225 has really caused a massive risk-off move and the US futures are very much front and centre of that. The Nasdaq 100 was the worst performing major US index on Friday. The Nasdaq fell to a low at 18,263 and later closed 449 points lower, at 18,440. Well, at one stage today the Nasdaq 100 futures were pricing the opening for later today to as low 17,250. That was almost 1200 points below where the index closed on Friday and closer to a point at where the index might fall into a bear market. As you know the index has already fallen into a correction (when reaching 18,621). The price point for a bear market entry is 16,552. The markets are running very scared right now and it remains to be seen, if and when things will calm down. Also, will the Fed react to all this and deliver an emergency rate cut? They might, but at the same time they might not want to panic the markets even more by doing that. The Nasdaq 100 futures are off their lows now currently indicating a reopening at around 17,560