Came across an interesting post that analyzes the recent Hedgestock gathering through the lens of a Socioeconomics/Elliott Wave viewpoint. What does it mean when the hedge fund crowd decides to convene for a hippie-themed retreat/networking event in the English countryside? See this link for a Socionomic interpretation of what's happening when we fuse painted buses and The Who with champagne and Blackberry machines.
S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .