"There was madness in any direction, at any hour. If not across The Town, then up the 5-20 or down the 5.... You could strike sparks anywhere. there was a fantastic universal sense that whatever we were doing was right, that we were winning....." Hunter S. Thompson
I couldn't help but think back to "The Wave Speech" as the institutionalizing of Occupy Wall St. unfolded. After a few blown interviews and jaw gaping dead air, OWS was being molded into a made to order protest movement by professional message manipulators. I didn't get the sense Neil Young, let alone Bob Dylan, would hear a generational anthem emanating from the drum circle. "CDO squared and Geithner coming, we're finally on our own..This Summer I heard the hedging, Stopped out in Chicago?" Doubtful.
I guess this is the unintended consequence of wading knee deep into Governmental moral hazard. The easy response is to be opposed to it. The argument usually starts with, "We shouldn't have...." The reality is we already done did. As a futures trader you get incredible perspective because your focus must always be on what's next. We continue to believe "what's next" is less than most are hoping for on either side of the debate. The embrace of OWS showed a stirring hope that the soulless and empty chaos of the post-crisis "recovery" could be replaced by something with more gravitas. Again, doubtful.
Whether you are a follower of Hunter Thompson or Wanda Tinasky you can't help but identify with the shallowness of the "revolution." The energy is all directed at the past. There is no vision of where we're going. You can "strike sparks anywhere" but they're charcoal snakes. There's smoke and stink and a stain on the sidewalk but no explosion, no report. Overly concerned with armies, nukes and religious fanatics for too long, the Western World finds itself laid low by hubris and afluenza. How long, if ever, before the campers outside Wall St come to this revelation?:
.."And that, I think, was the handle—that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting — on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave. . . .
So now, less than five years later, you can go up on Beacon Hill and look West, and with the right kind of eyes you can almost see the high-water mark — that place where the wave finally broke and rolled back." HST "Fear and Loathing in Las Vegas