Hugh

Bespoke's Commodity Snapshot (6/10/08)

History never repeats. The fact that a few trends in Art, Politics, Finance and many others cycle in popularity, doesn't mean history repeats itself.

Take a snapshot of the world today, and unless you live in the television show the Twilight Zone or Star Trek, the snap shot will be different from all other snapshots ever taken.

What makes an economy is human action. We have six billion people on earth, all of them taking action daily. What are the possibilities that all of these players will take the same actions again simultaneously?

Look at the green areas of the above charts. Why aren't these areas extended out into the future? If they can't be accurately extended into the future, the they mean nothing.

If charts worked, there would be no markets. This is profound, study it.