The stock market is having problems.

A trillion dollar rescue in the European Union caused brief euphoria, and then markets worldwide began sinking on the realization that the money for the rescue came out of thin air. It was all smoke and mirrors.

In the works is a new rule that essentially will stop trading when a stock starts crashing too much. That is ascribed to the recent huge down-up spike that is said to have been human error. Horsefeathers. If that were so, there would not be a new rule. There is fear running rampant in the capitols of the world, as countries ‘too big to fail’, like France, may have their sovereign credit downgraded as larger and larger numbers of people realize there is a strong wind rattling the house of cards that is the current world economy.

The rule, if implemented, is to keep the market from crashing too quickly. That tells me that even the big boys in charge see the crash coming. (more…)