TheAcsMan.com no longer publishes original content material. Reprints of previously published "Daily Market Updates" available to subscribers of OptionToProfit.com appear for informational purposes only and links are de-activated.
What a great song.
There are probably more college history and sociology courses centered around the tumultuous tale of the 20th century that is told in that song than any other musical composition ever, with the possible exception of American Pie.
For my money though, the Buddy Holly and Elvis Presley stand-off is a metaphor for East versus West tension and nuclear stockpiles build-up.
Or maybe it's just about some coming of age kind of thing, I don't know, but naming a movie series after the song has cheapened us all. Why didn't they just call it "Twinkies?" That would have made so much more sense.
As I re-discover the lyrics, I realize that I've actually used many of the subjects in passing, through various blog entries, as everything in the past has a degree of connection to the present, if you have a syphilitic riddled mind.
Their have been cover versions, remakes and satirical versions of the classical song and its driving musical beat. For those that lived through much of the historical period covered it's an incredibly moving song making you want even more and sometimes wondering how anyone ever survived the cumulative "us."
It was done despite "us."
But, with all due respect to Billy Joel (which is never a respectful way to begin a sentence), those that marched with Chou En-Lai and perhaps banged their shoes with Kruschev. the world's political and cultural events of the 20th century have nothing on even a single week in the financial markets.
In hindight, as quickly as the seminal events of the 20th century may have unfolded, they were at a snail's pace compared to the events and non-events that shake, rattle and roll the markets.
In that small section of the universe change comes about in quantum leaps forward and backward.
In a somewhat contradictory stance, despite the reliance on charts and the inferences drawn based upon past history, in the world of financial news, past history is meaningless. Further, in the compressed time frame of the markets, ancient past history is defined simply by the release of any new piece of information or data. Good news is quickly forgotten, as is great news. Bad news? As if it never existed if something else exists.
Market Alzheimer's Disease? Perhaps.