Wanted: A Market

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Let us begin with some dialog from Star Trek’s “Court Martial” episode:

SPOCK: But the computer is inaccurate, nevertheless.
SHAW: Why do you say that?
SPOCK: It reports that the jettison button was pressed before the Red Alert.
SHAW: In other words, it reports that Captain Kirk was reacting to an extreme emergency that did not then exist.
SPOCK: And that is impossible.
SHAW: Is it? Were you watching him the exact moment he pressed the jettison button?
SPOCK: No, I was occupied. The ship was already on Yellow Alert.
SHAW: Then how can you dispute the finding of the log?
SPOCK: I do not dispute it. I merely state that it is wrong.
SHAW: Oh? On what do you base that statement?
SPOCK: I know the Captain. He is incapable…….
SHAW: Please instruct the witness not to speculate.
SPOCK: Lieutenant, I am half Vulcanian. Vulcanians do not speculate. I speak from pure logic. If I let go of a hammer on a planet that has a positive gravity, I need not see it fall to know that it has in fact fallen.
SHAW: I do not see what that has to
SPOCK: Gentlemen, human beings have characteristics just as inanimate objects do. It is impossible for Captain Kirk to act out of panic or malice. It is not his nature.

I’ve thought about that exchange when it comes to this market. Because the dropped hammer is floating in midair. And then it’s zipping around the room some. Perhaps doing some somersaults. The market is acting exactly like a sentient, kinetic, self-propelled hammer. It’s freakish and more than a little scary.

I mean, just look at what the Dow looked like in the first couple of decades of the last century. Can you even believe what you’re seeing? Booms. Busts. Ups. Downs. Cycles. A lovely and alluring regularity, although as if it suggest the inhalation and exhalation of our now-dead free enterprise system. A chart like this practically brings tears to my eyes.

Modern “markets” are more akin to this horseshit:

Driven, naturally, by a ceaselessly rapacious Fed, whose asset acquisition is thus:

I seriously can’t stomach much more of this. I cannot spend the rest of my days bemoaning how boring, captured, and annoying the market is. I wasn’t put on this Earth for such a meaningless monologue. I need a market that’s tradeable. Japanese Tuna. Belarus Equities. Anything!

So if you know of any markets that still exist out there – – honest-to-God, supply-and-demand, allowed-to-go-up-and-down markets, let me know. And I’m not talking about whisper-thin markets like cryptos. I’m referring to something with some actual volume behind it that actually obeys Adam Smith type laws. Because I’m starting to doubt there are any left.

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