The US Markets decline last night is just the beginning of some further expected correction. The signs were all over the place. The indices had rallied and now there is bound to be some correction. I see IXIC correcting further to 16k levels in the coming weeks.
Do not indulge in fear mongering and think of it as recession and such fancy words used by the media. This is just a mere blip in the uptrend. Stay invested and trade responsibly.