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October 11, 2008

Paul Wilmott: The Death of Hamlet

I missed this 9/17 NY Times column by quant finance svengali Paul Wilmott. Nicely timed and delivered market call:

I’ve taken to comparing the current situation to “Hamlet.” We’ve had the deaths of Polonius, Claudius and Laertes — that is, the falling house prices, the rising commodity prices and the collapse of banks. As of now there is no sign of Hamlet himself, a catastrophic fall in the markets. Yet it’s difficult to believe that markets are not going to undergo a climactic implosion some time soon. If the current situation doesn’t fill investors with fear, then what are they smoking?

More here.

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