Aug 25, 2016

You Can't Always Get What You Want

Stones - You Can't Always Get What You Want cover art

From the original by The Rolling Stones (YouTube)

[Yellen of Troy:  The Chair that launched a thousand ships (then tried to sink ‘em on her way out)]

I saw her dismay all the big pensions
A book of Keynes' in her hand
I knew we wouldn’t need VIX protection
At her feet were Bill and Stan

You can't always get what you want …

And we went down standard deviations
Still, stops got their share of abuse
Sayin’:  “We’d better bump our duration
If we don’t, we’re gonna blow a 50-bip move”

Chair said:  “You can’t always get what you want…
But if your SPY just climbs, well you might find
You get what you need …”

Then I went down to the QE drugstore
To get a prescription filled
I was standing in line for Mississippi
And man, did they need that blue pill

She decided that we would have a coda
New market flavor -- bearish red
I’d sold my longs to Mississippi
And they said one word to me, and that was "Fed!"

Chair said to them:  We can't always get what we want …

“Whipsaw just betrays their misconception!”
In the grasp of a seething man
He has packets of SPY charts since inception
Well she was yellin' 'bout her "best-laid plans"

He said:  “YOU can’t ALWAYS get what you want …”