Interesting concept really

Stock markets are trying a little recovery this morning.

But the question remains as to by how much they are over-valued, since few would really dispute that they are. The answer is, by a long way

Given that around and about half of all market transactions are people buying at the current price I’d suggest that some, around and about you understand, half of all people think the market is currently undervalued. Or at least not over so.

But then I’m not a professor of economics, so what do I know?

7 comments on “Interesting concept really

  1. I can confidently state that the UK housing market is over-valued and is overdue a significant correction. What I can’t do is tell you when that correction will occur. And since I’ve been saying the same thing for 30 years, I’m bound to be right eventually.

  2. “But the question remains as to by how much they are over-valued, since few would really dispute that they are. The answer is, by a long way”

    Put your money where your mouth is and take up some short positions then Spud.

  3. Sam

    You can judge the man by the company he keeps. Murphy’s a fvckin pig.

    No wonder Carol is such an angry embittered woman, being repulsively fugly all her life

  4. There is a consistent “wish the economy would collapse because then I’d feel better” theme running through a lot of lefty politics.

    They WANT the stock market to collapse. They WANT capitalism to fail. It would justify them.

  5. half of all people think the market is currently undervalued

    Half the money, not half the people. Could be a handful of very rich people selling up while the masses keep piling in; or vice versa.

    Also I’d quibble with the word “think”. With pensions auto-enrolment, many people are buying shares without any thought whatsoever.

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