The FTSE 100 is down to close to its lowest point for a year. Maybe, just maybe, things will recover a bit next week, but this looks serious. Personally, I think it will fall well below 6000 before we see any recovery.
The markets now have a new worry on top of all the other worries - a snap election in Greece. What with the slow down in China, the risk we in the UK will leave the EU, falling oil prices, there is a lot of uncertainty around. This spooks the stock market.
As someone famous once said," you ain't seen anything yet".