We can now add the recent uprisings in North Africa and the
Middle East to the category of life imitating art — specifically,
music lyrics. Those who lived through the 1980s might be forgiven
for hearing an unbidden snatch of music run through their heads
as they watched first Hosni Mubarak and now Moammar Gadhafi
try to hold onto power — “Should I Stay or Should I Go” by
The Clash. In Libya, where Gadhafi has used air strikes and
ground forces against the rebels, The Clash’s other huge hit
from 1981, “Rock the Casbah,” describes the current
situation so well it’s almost eerie:
This
article was syndicated by Elliott Wave International and
was originally published under the headline How Punk Rock and Pop Music Relate to Social Mood and the Markets.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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