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. --- from list marxism-thaxis-AT-lists.village.virginia.edu ---
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