The past 2 days have been brutal to the stock market and everyone’s investment and retirement portfolios.  Wednesday the Dow dropped 831 points.  Today it dropped 551 points.  You may see a recovery tomorrow, which is known in the biz world as, “the dead cat bounce“.

A Reuters reporter penned a piece that said this sell-off can be blamed on fund managers and MACHINES. You can read the piece HERE.  Golly, someone noticed.

Let’s take a trip in the “wayback machine”.  Over 2 years ago, I wrote that the SEC needs to fix the stock market system by eliminating 2 things, short selling and high frequency trading (automated market transaction done by MACHINES). You can read my piece HERE. I pointed out that the SEC made some fundamental changes in trading rules in 2007 that may have led to the “great recession of 2008”. These changes let MACHINES crash the economic system.

And in August of this year, I wrote a warning piece about the Chinese developing Artificial Intelligence, which could be used to control all the world’s economic systems, using MACHINES. You can read that HERE.

The systems can be fixed BUT since big money talks, I predict that NOTHING WILL CHANGE.