The major market indices have made or are near new highs and no one is happy, and that’s because we want a correction, not a rally.
The philosopher, Kierkegaard said that dread or angst is a desire for what one fears. Louis C.K. knows this, and though he understands happiness is within the moment, he does not live there. He is thinking ahead, all the time, and that is where dread resides, outside of the moment and just around the corner. That’s what traders and money managers do, think around the corner. They are anxious by nature, too, although they are skilled at hiding it, otherwise they would be selling small arms and seed. Sometimes, however, a little of the ever present, rarely expelled market angst seeps out like a gas leak into the media and onto the floor of the exchange, you can see the noxious effect in Bob Pisani’s eyes. My broker friend, Phil told me the other day that he senses a disturbance in the force.
It may be the lack of volume or a fundamental picture that is improving but hasn’t improved enough, or simply trader fatigue. I don’t know. This is what angst does, it fatigues you, sets you to ramble mode, soon you’re looking at charts and spreadsheets and wondering what Louis would do. Somebody needs to monetize mobile, and quick.
(Disclaimer: This column was meant to be humorous, with a small underlying measure of insightfulness. It does not reflect my base feeling of optimism about the market or my positive outlook on life. So to all my friends and family, stop texting me, everything is fine.)
Ever wonder which professions had the most psychopaths? Or the least? Take a guess and then check out the link.
It happened during a Dodger game in 1977, between Dusty Baker and Glenn Burke.
I’ll collect them from either the comments section or off my Twitter account, and post them here. Send ’em in and the winner, determined by me, gets to buy the timeshare in Orlando I can’t unload, no really the winner gets a gift certificate to Taco Bell (first please read this warning from The Onion).
Here’s one to start:
1. “I don’t always chase cars, but when I do they’re Bentleys”
2. His owner gets his pipe and slippers for him. (Justin)
3. The words “fetch” or “roll over” are not is his vocabulary. (Phoebe)
4. Everybody wants to be his best friend. (Ellen)
5. It’s OK for him to like stupid cat pictures on the internet. (Peter)
Comments pouring in, see below –
The technology is awesome and will, at some point in the future, change the course of ground transportation. Google’s first fully autonomous motor vehicle is just one more example of the genius that is at the core of the company.
That all said, the car looks like it drove (on its own) right out of an animated Disney movie, or maybe something that 15 or 20 folks with floppy shoes and large red noses might exit.
I know geek is the new cool and form follows function, but style isn’t dead either.