Going down!

LONDON (MarketWatch) -- U.S. stocks may enter a bear market on Tuesday, with stock futures pointing to losses of roughly 5% after two days of huge selling in overseas markets on fears over a U.S. recession. The numbers are staggering: S&P 500 futures dropped 67.4 points to 1,257.60 and Nasdaq 100 futures fell 89.5 points to 1,760.00. Futures on the Dow Jones Industrial Average dropped 560 points. The declines in overseas markets were steeper. Over two days, the Nikkei 225 dropped over 10% in Tokyo, and the DAX-30 fell about 12% in Germany. While some parallels are being drawn between the crash of 1987 and today, the Dow would have to lose more than 2,700 points to match the percentage loss back then, notes Mark Hulbert.