File spoon-archives/marxism-thaxis.archive/marxism-thaxis_1997/marxism-thaxis.9710, message 288


From: Mittelwerk-AT-aol.com
Date: Wed, 22 Oct 1997 14:50:52 -0400 (EDT)
Subject: Re: M-TH: Templeton Russia Fund up 1 9/16ths




You mean there's an actual, like, inverse relationship between the state of
the 'class struggle' and a rising DJIA?  Holy betas, Leon!

The problem with you revolutionaries is that you don't realize that most of
today's vanguard capitalists would readily agree--along with Marx--that the
meaning of the market is abstraction.  The concept of profits--at least in
the trad sense of EPS and so forth--is already obsolete in trading:  the
provenance of old bags in Hilton Head and Southhampton.  Market Correction is
a much more choice concept, today, and along with it the idea the money can
be made in any direction--even, of course, on a change of direction in
speculation, alone.  

Like Adorno, any good trader would realize that idelogy is dead, mere
witchcraft:  only a moron would invest in today's market under the assumption
that they are casting a vote of confidence in the system.  For instance:  if
you believe the hard-liners are going to string up Yeltsin with his large
intestine, and you have a timeline on it, take out a put option on Templeton
Russia.

As for the class struggle, if the lumpens had been putting their dough in
mutual funds  and tech stocks instead of in fucking savings accounts all
these years, they might actually have some power, today.


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