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Emerald Suspension | Playing the Market

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Avant Garde: Experimental Avant Garde: Modern Composition Moods: Mood: Intellectual
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Playing the Market

by Emerald Suspension

What is the sound of a market crash??? Playing the Market features experimental music based on patterns found in the stock market and other economic data. The structural compositions range from minimalist algorithmic music to raw industrial arrangements.
Genre: Avant Garde: Experimental
Release Date: 

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  Song Share Time Download
1. Fibonocci's Random Walk (part 1)
0:50 $0.99
2. Long Bond
1:53 $0.99
3. Irrational Exuberance / Great Depression
3:08 $0.99
4. Bulls and Bears of the World
1:35 $0.99
5. Industrial Century
4:21 $0.99
6. Fibonacci's Random Walk (part 2)
0:28 $0.99
7. The Misery Index
3:04 $0.99
8. National Debt
9:59 $0.99
9. Stock Options
2:28 $0.99
10. Fibonacci's Random Walk (part 3)
1:21 $0.99
11. IPO
2:37 $0.99
Downloads are available as MP3-320 files.


Album Notes
Emerald Suspension records experimental music that integrates concepts and related source data as part of structural compositions.

Playing the Market is based on patterns found in the stock market, economic indicators, and related algorithms. The resulting tracks range from minimalist orchestral pieces to raw industrial audio arrangements. The structural components of some of the pieces in the collection are summarized below:

"Long Bond" is a requiem string solo. Notes in this piece are based on the pattern of interest rates since 1926 as represented by the yield of the 30-year Treasury bond. Higher notes equate to higher interest rates and the lower notes reflect the lower rates experienced over time.

"Irrational Exuberance / Great Depression" is a composition for piano that reflects the investor psychology that drives the stock market and the overall economy . Notes and expression changes are determined by the historical patterns of the Consumer Confidence Index. The background sound is a piece of musique concrete featuring the processed sounds of an antique ticker tape machine.

"Fibonacci's Random Walk" is algorithmic music interspersed throughout the recording. The piece is inspired by two competing theories about the pattern of stock market returns. Some theories hold that stock prices follow predictable patterns such as the Fibonacci number series, and others state that markets are efficient, with price changes following a 'random walk'. The instrumentation, pitch, and duration of notes in this composition are based on the Fibonacci number series - however, random deviations from that specific pattern are inserted throughout the performance to represent the efficient market hypothesis.

"Bulls and Bears of the World" includes percussion parts inspired by the historical price patterns of various global stock markets. The melody represents the returns of the aggregation of the world stock markets. Audio samples of bulls and bears are inserted at the appropriate points in time to represent notable global stock price increases and decreases.

"Industrial Century" is an orchestral composition based on 100 years of daily stock market data. Long, intermediate, and short-term trends in the US stock market over the course of the 20th century are represented in the piece. Changes in pitch follow the pattern of high and low returns of the stock market while the dynamics of the various parts included in the arrangement are appropriately determined by market trading 'volume'.

"The Misery Index" is an experimental recording based on the historical patterns of inflation and unemployment. The instrumentation mixes tuned synthesized noise and bowed metal to set an appropriately "dismal" tone.

"National Debt" is an audio representation of the US National Debt as experienced over more than 200 years. Audio events based on debt increases result in a light 'rain chime' effect at the beginning of the piece that progress to storm level by the end.

"Stock Options" is an experimental audio composition based on the Black-Scholes option pricing model and the Put-Call Parity Theorem.

"IPO" layers music over a collage of audio samples representing money and risk taking, including sounds of an active stock exchange trading floor and those of a casino.

For more information about these tracks, Playing the Market, and Emerald Suspension, please see:




Copyright 2006, Oscillation Productions LLC



to write a review


Creative and haunting...ethereal...industrial...chilling...
...a surprisingly creative and haunting sound that is as diverse as today's global markets. The ethereal sound of 'Fibonacci's Random Walk' contrasts the harsh, industrial rhythms of 'Irrational Exuberance' and 'Industrial Century'. The chilling 'Misery Index' seems more at home as part of the soundtrack to a Japanese horror flick than an avant garde album...Check out Playing the Market...

Investor's Business Daily

Even more shocking than the premise...the music is quite listenable
Who knew that stock market data could be so musical?…A nice counter to the often moody but seldom calm financial markets.

Steve Johnson

Atonality of a Differerent Kind
The resulting sound is something definitely within the category of atonal music, but not quite what you'd hear from an Arnold Schoenberg composition, though not quite something from a John Cage recording, but perhaps something in between.

Fibonacci's Random Walk, Part I is a soothing piano composition, while Industrial Century sounds like background music from an Alfred Hitchcock thriller.

Ken Thrailkill

This is fantastic it is a type of music that toatly puts you in a up beat clear frame of mind, it takes you away from all the mess of the world like it kind of makes a person float through space like cool baby cool relaxes a total day of stress, I love closeing my eyes and feel a cosmic force of happyness, just fantastic.

Collision Detection

Pretty cool...creepy...An "A" for effort and originality
...I just listened to "Stock Options", and it's pretty cool: A creepy, building howl, rather like the sound of storm-force winds whipping through the mooring-wires for electrical towers. Very appropriate!...these guys certainly get an A for effort and originality.


Playing the market: music to watch trades by
A CD of experimental music based on patterns found in the stock market and economic data...We wonder at Finextra HQ if this will inspire a new generation of musicians...


Found audio / random elements / creative weirdness!
New Music Plays the Market...experimental, incorporating found audio, random elements and lots of creative weirdness...


In the spirit of John Cage...listen deeply...
Música a base de información (en el espíritu de John Cage)
Emerald Suspensión es un proyecto de música experimental: toma información de los mercados bursátiles para generar música.

Para mi esto es un ejemplo de Deep Listening que desarrollo la música Pauline Oliveros – la practica de escuchar profundamente, de estar atento a los ruidos del mundo: la ciudad, el cuerpo, los internets, los animales, los motores, las televisiones, ruidos imperceptibles, el girar del planeta – sobre su eje, alrededor del sol, y por el universo...

Strange New Products

Between Arnold Schoenberg and John Cage
The music on "Playing the Market" is structured based on source data such as stock returns, trading volume, interest rates, inflation, unemployment, government debt, consumer confidence, and related financial algorithms.

The resulting sound is something definitely within the category of atonal music, but not quite what you'd hear from an Arnold Schoenberg composition, though not quite something from a John Cage recording, but perhaps something in between.

"Fibonacci's Random Walk, Part I" is a soothing piano composition, while "Industrial Century" sounds like background music from an Alfred Hitchcock thriller.

Financial Executives International

Recommended for all ages
Who would have thought that www.playingthemarket.com would have ended up being a webpage where you can find a musical collection of the same name, by a group called, Emerald Suspension...Sarbanes-Oxley Act, as we know, resulted in large part in response to the Enron, WorldCom, and other financial reporting scandals occurring at the height of "Irrational Exuberance," - which you can listen to a sound clip of at www.playingthemusic.com. However, I will note "Fibonacci's Random Walk-Part 1" is light and uplifting...recommended for all ages.
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