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Well, u.s. futures are poise for a steep drop when the markets open this morning after the nikkei lost more than 10% of its value earlier today. steve liesman, cnbc senior economics reporter. all right, it looks really bad this morning but i hate to be a cynic, always seems when you are expecting the steep drop in the morning, then it recovers by the afternoon, but is this different? >> i think we have to wait and see, chuck. it was a sharp selloff in japan and throughout asia and it looks like ...