$$$ Text Of Obama’s State Of The Union [WSJ]
$$$ Merrill Pays $10 Million to End Claims It Misused Client Orders [Bloomberg]
$$$ The world’s best emerging market: Detroit [LJPR]?
$$$ Is the world’s largest super-volcano set to erupt for the first time in 600,000 years, wiping out two-thirds of the U.S.? [DM]
$$$ Mohamed El-Erian: Davos Moguls Adjust to Fast, Slow, Reverse [Bloomberg]
$$$ Greece Default With Ireland Breaks Euro by 2016 in Global Poll [Bloomberg]
$$$ Cantor Fitzgerald adding 100 equities professionals [FINS]