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The Music of the Market

Posted By Barry Ritholtz On March 22, 2006 @ 12:30 pm In Markets,Music | Comments Disabled

Lately, I have been noticing that many economists, analysts and strategists have been having some sly fun by naming their research after songs.

My own contributions to the space have been the past two commentaries: Bad Moon Arising, and Been Down So Long (It looks like up to me).

But I also noticed that John Roque’s past two comment’s were titled BRIC House, and R-E-S-P-E-C-T. AndMorgan Stanley asked: Will the Real Slim Saving Rate Please Stand Up? [1]

Most of these players came of age during the Golden Age of Rock-N-Roll (Disco era aside) in the 60s, 70s, and 80s. I’m bettting that most of this crew (present company included) are in their 30s or 40s.

But the relationship between markets and music goes both ways — not
only do analysts name their market reports after songs, but some
musicians are using the market as an inspiration  for their  music: Emerald Suspension’s Playing the Market [2] is Music based on stock-market activity.

Check out the names of their songs:

1. Fibonocci’s Random Walk (part 1)
2. Long Bond
3. Irrational Exuberance / Great Depression
4. Bulls and Bears of the World
5. Industrial Century
6. Fibonacci’s Random Walk (part 2)
7. The Misery Index
8. National Debt
9. Stock Options
10. Fibonacci’s Random Walk (part 3)
11. IPO

Here’s the "liner notes" from their website:

stock market has long driven investors into a mild form of
schizophrenia, in which they’re obsessed with uncovering the mystical
patterns that supposedly underpin the chaos. UI architects develop
massive displays to visualize market activity, in hopes of spying
hidden rulesets; fresh-outta-college 20somethings hunch over
12-foot-square Excel spreadsheets, attempting to predict lucrative
spread inflection-points.

Now a group of artists have made music out of it. Emerald Suspension
is a musical unit that — as it proclaims on its web site — records
music "based on patterns created by the stock market, economic
indicators, algorithms, and other data sources." Their album Playing
the Market includes songs derived from the Consumer Confidence Index,
the efficient market hypothesis, and measures of the national debt.

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2006/03/the-music-of-the-market/

URLs in this post:

[1] Will the Real Slim Saving Rate Please Stand Up?: http://www.morganstanley.com/GEFdata/digests/20060306-mon.html#anchor1

[2] Emerald Suspension’s Playing the Market: http://cdbaby.com/cd/esuspension

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