Its Not Harry

Comment and opinion for retail investors in the UK

Opinion

Deep Dive – April 2024

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To kick off this new series of articles, I am going to express some opinions that are not rooted in traditional book learning or any specific academic research or publications, but my own observations of what actually happens in equity markets, taken over the last 4 decades and mixed in with my personal rather eclectic reading about human behaviour in the context of decision making – not specifically related to financial decisions.

You might call this ‘behavioural insights in equity market valuations’ but I suspect that is rather too grandiose!

NotHarry says….

The main points

I will be exploring 4 less obvious ways in which market valuations are created and sustained (or not):

  • Possible ‘invisible’ supply side variations and/or sudden excess demand

  • The ‘the majority view is safest’ syndrome

  • The Government interference problem

  • The ice break risk

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Midweek Musing – over to Jeremy

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When I was a teenager, the social environment in the ancient all boys grammar school that I attended was not much progressed from Victorian times and bullying was just part of the rough and tumble (and it was rough and there was tumbling). One boy who was mildly picked on had what was then thought to be a serious misfortune – his given name was Jeremy. He would have been marginally better of being called Nigel or Brian in that school in the 1970s.

It occurs to me that there are quite a few Jeremies (is that the correct plural) of a certain age in the public eye today and none of them are universally loved: Clarkson, Corbyn, Vine and Hunt came to mind. Then Beadle and Thorpe came back to me, with a prompt from Wikipedia.

As the name is rooted in Jeremiah, the Hebrew prophet whom I have used before in articles opining about unreliable short term predictions, perhaps there is something mystically negative about the name.

I know that in truth there will be many happy and successful Jeremies. Maybe Irons?

I direct your attention to the name because I have nothing to say about investment markets this week.

You are very welcome to devote the time freed up from reading my pontifications to working out what Jeremy Richard Streynsham Hunt MP has to offer you by way of changes in the UK tax system and prospects for the English economy.