It was about this time in early November, 47 years ago, when our lives were so innocently headed for the single most devastating shock to our society in modern history. To be followed on an even grander scale just 38 years after that, September 11, 2001. So when I saw the market start to sell off this afternoon, in quiet, anonymous bidding, it occurred to me that this just might be how the next one starts. An innocuous late day sell off that we have been conditioned by now to ignore, a few 60 minute models flipping SHORT, again, something so meaningless lately we hardly ever report it. Then even quieter trading into a quiet close and no once even considers that it may be different this time.
My worlds were rocked in 1963 and again in 2001. One event shaped the first half of my life. The second event is shaping the rest of my life. Where-ever we are at any one time in this 4th dimensional continuum of being, it remains invisible to these third dimensional eyes. As it must be.
But there is a tether that brings it all together. The financial markets and how we as a society behave as one was described by Robert Precther in his book, "Socionomics." Just a few short weeks ago, Prechter wrote that we were engulfed in the greatest financial top of all time. Each day that it doesn't arrive, is just one more day that it is closer. So when I see an innocuous little sell-off creeping into a late and largely forgettable Tuesday afternoon, I stop for a moment, think back 9 and 47 years ago and then start paying a little more attention.
Wednesday, November 10, 2010
Here is yesterday's end-of-day commentary as it went out to subscribers: