Err, Senior Lecturer?

I stick to the fact that they are fundamentally over valued, but there was a rebound in the US last night as the impact of what were, quite literally, gambles on the VIX trading volume index began to unwind.

VIX is volatility, no, not volume?

11 comments on “Err, Senior Lecturer?

  1. When markets fall, it is a sign of the imminent collapse of capitalism.

    When markets rise it is a sign of the imminent collapse of capitalism

    If markets stay the same, capitalism is really fucked.

  2. Murphy is essentially the stereotypical pub know-it-all given some sort of spurious prominence. He’s like a particularly annoying Harry Enfield character.

  3. @Bloke in Costa Rica,

    I’m thinking Larry Adler or Ludovic Kennedy but with significantly less occasions of being correct.

    If our host were serious about taking this arrogant Walter Mitty down a peg or two he’d run a table logging his predictions versus reality.

    See also; Anatole Kaletsky.

    By the way; Uber gender pay gap! Ha ha ha ha!

  4. William of Ockham

    The legendary Noel Scoper is the man on point to assail us with evidence of The Moron’s past scribblings whenever it is germane….

  5. Murphy is essentially the stereotypical pub know-it-all given some sort of spurious prominence. He’s like a particularly annoying Harry Enfield character.

    Yes, I was thinking the very same last night – the Pub Bore who spouts off a load of balls to bored people, most of whom don’t know enough about whatever he is talking about to point out he is wrong. If there does happen to be someone there who does, the Pub Bore will then deny, bluster, retreat into mindless pedantry and just generally act like a cunt until the landlord bans him for the common good.

  6. See also; Anatole Kaletsky.

    Ah, Kaletsky. I remember around 2008 or so a hysterical opinion piece in the Times by him. Desperate to shore up Gordon Brown by any means, he wanted the government to do a “one-off” (yeah, really) raid on personal savings accounts of 10%.

    He actually claimed that “this was not socialism”. He was right – War Communism was closer to the mark.

  7. “I stick to the fact that they are fundamentally over valued…”

    A judgement that stocks are over-valued is not a fact – it’s, er, a judgement.

  8. The question is whether or not we should listen to those commentators in the first place. There’s some simple tests:

    1. Have they the courage of their convictions to short the market or have they cashed in their pensions funds to cash or anti cyclical stocks?

    2. Did they arrive in their own chauffer driven RR or call in from their Mayfair penthouse flats which were paid for out of. Asking successful predictions using their own money

    If the answer isn’t yes to both of those then Michael Gove’s observation should be applied to them.

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