Though it looks like it, and maybe it is now a global crisis, this will lead to more controls and regulations by government that has not been in the game. The truth is that the level of complexity that is required to understand and manage this global mess defies anyone who is in charge. We need a new type of 21st Century Leader who can manage high complexity. The search for value will persist as the mobility of capital circulating the globe, over $10 trillion, must go someplace for a return.

We all need a Debt Haircut and it is coming–but the pruning and consolidation in industries and markets will continue. Forecast: This is a five year work out. So don’t panic, hold on. Not a bad time to set up a leap option or go long on those stocks that are more then cheap. Apple anyone? High Tech looking good.