20081008 Well, the carnage from the credit crunch continues in the biggest falls on Japanese markets, with Russia and Indonesia closing their stock exchanges. Central banks today had a coordinated interest rate cut to stem the selling. But the main cause for the free fall? The stupid regulators including Paulsen, who banned short selling of stocks. Without short sellers, there is no covering of shorts hence an important element is missing: the bid form shorts covering. Result=freefall. Stupidity. When they lose money, they change the rules without thinking carefully making the falls worse.