[NoNAIS]

Exactly What is ‘Rule 48′ http://blogs.wsj.com/marketbeat/2010/05/20/exactly-what-is-rule-48/ ------------------- I think of it as a bandage to slow the bleeding process. Once the scab forms (normal investors don't see the panic right away), then the Market will form a clot (hopefully preventing the infection of panic).

[JustAnotherOne]

From Wall Street Journal-
“BY KELLY EVANS

The recent surge in money supply is flashing a warning sign. Ironically, it is a deflationary one.

On Thursday, the Federal Reserve will issue its weekly update on a slew of monetary indicators and bank-loan data. Typically, these aren’t market movers. But a sharp recent increase in the money supply has raised some eyebrows. The benchmark M2 gauge of money supply, which includes cash in circulation plus bank deposits and retail money-market funds, jumped by $159 billion ...”

This is NOT panic. The fundamentals of money supply does not change. This is capitulation. French banks will fail. Greece, Portugal, and Italy are insolvent and must liquidate.