Daily Reading on the Financial Markets: 12/31/11
With the European Union failing, Brandon Smith at Alt-Market makes the case that an Asian Union could have greater success in unseating the US Dollar.
New York Times in a time machine with an article following the stock market crash of 1899.
Technical analyst Chris Kimble takes a look at the long term charts for S&P and Dow and notes that resistance from falling channels over the last decade is in place for both indexes.
Cullen Roche at PragCap likes to follow railroad traffic as an economic indicator, and he notes that it points to continued economic expansion.