[9:33am ET] In addition to the need to focus on the price and volume trading data, while ignoring the media reports involving politics and money, traders ought to consider the long-term impact on capital markets of (i) a world reserve currency, and (ii) new US securities regulations.
As I see it, the same people are in control of the US Presidency, Administration, Congress, the Fed and HB&B, the CIA and the mainstream media, so changes to come will serve the authorities and the insider networks ahead of the people. It will be a different type of business, perhaps, but business as usual.
Social equity will happen when the people make it happen. Social networks and underground economies will rapidly evolve as the most important tools and support systems of the people, replacing our reliance on governments and conventional systems that have failed us.
Not just capital markets and financial services, but life as we know it will change. President Obama believes he is the agent of that change. I respectfully disagree.