End of the Intermediate Trend?

[Hoofhurr]

Maybe but prediction is the name of the game. People act to innovate because they are moved to make a change and in their minds they predict a future where that change has been realized. Identifying valuable innovations and investing in them is how you make money. Identifying trends in innovation and watching them for impact is how you keep bad things from happening. The market isn't going to watch for the impact of innovation as long as the innovation is making money. It's up to the regulatory bodies to do this.

When someone creates something like a securitized debt obligation which made a lot of money very quickly, shouldn't that be something that is closely watched? It's unclear to me why it takes years of testing for a new drug to go to market but complex financial instruments get integrated as soon as someone is willing to buy into it.