In the case of turning the market may return to earlier levels as quickly as it fell

Perspective: believe that the topic of Section 1500 of the MICEX index was still in force

U.S. president declared war on U.S. banks. Proposed measures of financial regulation, if implemented, could radically change the state of the U.S. banking industry. In fact, restored the separation of investment and commercial banks (a remake of Glass-Stegall Act), imposes restrictions on the size of the financial corporations, including their relations with hedge funds and funds of the privat equity, banks are prohibited to play the money of depositors.

intentions of the U.S. administration to protect the country”s budget and its taxpayers - is, in fact, the first real attempt to curb the excessive appetite of speculative capital and thereby reduce the risks of new financial bubbles. After the abolition of Glass-Stegall Act (1999, Clinton) U.S. financial system has twice been provided in a financial storm as a result of rampant speculation on Wall Street. Thus Obama”s decision seems like a long overdue, but at the same time unexpected. Total 3 months ago, Obama and his finance minister, Geithner at the last summit G-20 (Scotland, November 2009) flatly refused to support the British proposal to impose a global tax on financial transactions aimed at reducing the risks of inflation of the bubbles.

It is possible that the tightening positions of the U.S. administration, there is a kind of political theater, the same as Obama”s campaign promises to withdraw troops from Iraq and Afghanistan. By a strange coincidence, Obama made his statement exactly the first anniversary since his inauguration on the background of a sharp drop in his personal rating.

It is obvious that the presidential administration, and Obama himself will have to make Herculean efforts to get legislative support of the proposed measures. The strength of the financial lobby in the United States is well known. Do not forget, this year in the U.S. will be parliamentary elections, so that all of the Democrats and their opponents are necessarily considered in the context of the election campaign.

gauntlet thrown by Obama”s Wall Street `y, will certainly be raised. The fact that banks are able to “organize themselves and to flow in another country, warned Obama even his closest ally in the British finance minister Darling. The outflow of capital could hurt strike at the very same U.S.. Thus alone undertake such a reform for the United States is unlikely to make sense, but also to get support from the central banks of other countries will also not easy.

outcome of the efforts of the U.S. administration as a whole is not yet clear1000, although possibly by August this year, there may be greater certainty. In any case, for Obama this year could be decisive in his presidency.

MICEX Index on Friday returned to the December highs. Judging from the zero value of the indicator OBV-5 on the MICEX index (Fig. 1), short-term speculators completely unloaded their portfolios. Accordingly, the weekly price balance fell from 1465 to 1410 n. n. Thus current yield weekly portfolio was now zero. We can assume that the correction took place.

Before speculators there is a problem - where to open further. Shorts or rebuild long positions? The new week could bring big surprises. Despite falling prices, futures on the RTS still continues to trade above the current value of the index, ie Participants hope for growth. In the case of turning the market may return to earlier levels as quickly as it fell. Subject to Section 1500 of the MICEX Index is still in force.

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Americans do not earn their banking accounts

largest U.S. banks over the last quarter of 2009 was worse than forecasts …


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