HOME | WHAT IS SOCIO TIMES? | CONTRIBUTE | ARCHIVES |
Pete Kendall's Socio Times: A Socionomic Commentary
CULTURAL TRENDS | SOCIAL CHANGE | MARKETS | ECONOMY | POLITICS


BREAKING NEWS
February 26, 2007
The Departed Is        Best Picture
LOS ANGELES -- The Departed took the best-picture prize at Sunday's 79th Academy Awards, and the film's director, Martin Scorsese, finally won an Oscar for helming the gangster film.

The Departed took four out of the five awards for which it was nominated, as screenwriter William Monahan won for best adapted screenplay and the film also won for best editing. Scorsese was greeted with a standing ovation as he took the stage to accept the directing award, winning on his sixth try. Celebrated directors Steven Spielberg, Francis Ford Coppola and George Lucas teamed up to hand Scorsese his honor.

"Could you just check the envelope?" Scorsese joked to his contemporaries, whom he said he'd known for 37 years. Scorsese previously was nominated for directing such films as Raging Bull and Goodfellas.

The Departed focuses on the story of two moles -- one within the Massachusetts State Police and one within a Boston crime gang -- who try to root each other out..
CBSMarketwatch


April 2007
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30          

« Previous | Main Page | Next »

Once Again, Mob Movie Rules at End of a Bear Market Rally
Category: NEWS
By: Pete Kendall, March 1, 2007

Gangsters and other outlaws will become popular folk heroes.
The Elliott Wave Theorist, October 2003

oscar chart
During the bear cycle culture tends to revisit issues and trends experienced during the wave 4 that preceded its wave 5.  Certainly crime dramas (CSI, Law & Order, Bounty Hunter, etc.) have become very popular, as have shows about the "mob" and gangsters (The Sopranos is now airing on regular cable's A&E channel), not to mention "gangsta rap."
 
During the late 1930's and 1940's the U.S. saw an increase in gangster and "mob" activities, both organized and of the "Bonnie & Clyde" nature. It makes sense that, as wave c unfolds, more crime activities will take place as a way to find companionship and success when people feel shut out of more mainstream avenues of success.  We are also seeing more new movies and TV shows focusing on "brothers" and the family, which can spiral in a negative direction (read: "crime families") when people feel under economic pressure and at odds with police and traditional social/governmental authorities. We are already seeing serious gang activities in Mexico, where some drug-related gangs are openly warring with the police.

We may look back on these last several days in February as the days when smart money became The Departed as far as U.S. asset markets are concerned!
--Tiane

There’s nothing like a good gangster film. The heyday was definitely the most deeply bearish decade of the last century, the 1930s. But the premier example remains The Godfather, which won the Oscar for best picture in February 1973, as a countertrend bear market rally of Cycle degree pushed to a new high just over the Cycle III peak. The span between the two highs was seven years. The Departed, which as one website noted, “like The Godfather, is concerned with the theme of family disintegration” has now earned the same honor the same seven years from a Dow high as the Dow, once again, managed a slight new all-time high. So, it is was appropriate that Francis Ford Coppola was among those presenting the best director award to Scorsese. Coppola won best director for The Godfather in 1973. So what goes around comes around and, more often than chance would allow, it does so at exactly the right moment. Another interesting tidbit is that another Scorcese mob movie, Goodfellas, and Coppola’s Godfather 3 were both came out in 1990 and earned Oscar nominees in 1990, another year of a fourth wave countertrend rally high (this one of one smaller Primary degree) in the Value Line Composite.  Considering that this is also a Grand Supercycle degree peak, it is probably significant that The Godfather was better and The Departed more violent.

Post a comment




(you may use HTML tags for style)

RECENT ARTICLES
April 16, 2007
Does Imus Cancellation Radio a Bear Market Signal?
read more
April 12, 2007
One Small Coffee Shop Uprising for Starbucks, a Grande Leap for Labor
read more
April 11, 2007
Dazzling Finish: Cars Bring Once-Boring Shades To Life
read more
April 10, 2007
T in T-Line Stands for Top
read more
April 5, 2007
The Fight for a Free Vermont? Must be a Big, Big Turn
read more

ARTICLE COMMENTS
YOUR COMMENTS ON THE LINKS BETWEEN SOCIAL MOODS AND ACTIVITIES AND THE MARKETS ARE RARE AND VERY COGENT. I CAN THINK OF NOWHERE ELSE THAT ONE CAN GET THESE INSIGHTS. WELL DONE!
Posted by: MATT FOX
March 1, 2007 02:14 PM

Goodfellas should have won an Oscar. The Departed is a pale imitation.
Posted by: kmackie
March 1, 2007 02:14 PM



HOME | WHAT IS SOCIO TIMES? | CONTRIBUTE | SEARCH    Copyright © 2024 | Privacy Policy | Report Site Issues