Asia and Europe down, what will the DOW do?

[HSmomto4]

Asia ended down -322.65 and Europe isn't doing so well either, although in the last few minutes here they have come up 9 points from -11 to -2. I seems that UBS has caused quite a stir in people. Now will America follow in suit and end up with a big loss today or will there be a huge rally and end up 200 or 300 points? If the PPT steps in I'm guessing way up by at least 200 points, but if not, we could see a very bad day as we are so close to that mental line of 12,000.

And sense I typed this, Europe has come up to just -.03 but I can't find a reason why they are rebounding.

[HSmomto4]

This is why Europe jumped

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4KQ1O3s8GO8&refer=home

[HSmomto4]

The DOW is fighting hard to stay above 12,000 right now. It has dipped below twice now, but it keeps coming back up. I wonder how many shares of stock are being traded today?

Just now on Fox Business there was a trader talking about how the market is loosing confidence because the market is dropping below 12,000.