Wolcott on Brit Hume's Stock Market Musings

[kskiska]

July 7th (slightly updated)

(snip)

Always looking for the silver lining in a choking cloud of smoke, that great humanitarian Brit Hume, reflecting on the financial ramfications of the attacks, said on Fox News that when he woke up and saw how steep the stock futures had dropped, he thought, "Hmm, time to buy."*

And yes, he actually said, "Hmm," as if he had been thoughtfully stroking his chin as he watched those numbers drop. As bodies were being borne into ambulances, Brit was considering what a keen opportunity this was to place a buy order.

Leaving aside what this says about his cold-fish character, it's not even an intelligent investment response. It's one of those contrarian go-against-the-crowd moves that's so obvious that the crowd itself figures it out and nullifies any contrarian advantage. It's like when someone gets the bright idea, "Since everyone is going to be leaving town for the long weekend on Friday morning, I'll leave late Thursday night to get a jump on traffic." Only to find out that a couple hundred thousand commuters had the same bright idea and there you are stuck on the Van Wyck at 2 AM.

(snip)

*I was working from handwritten notes on Hume's comment. Media Matters has a transcript of the Fox exchange and, to be fair, to be just, when you see Hume's musings in a fuller context, he comes across as even a bigger ghoul.

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http://jameswolcott.com/

[dbeach]

1. perfect match

I also posted brit the humanitarians comments..its a yawner..

"Fox news:London attack "...works to wests advantage.."
"Fox News' Brian Kilmeade: London terror attack near G8 summit "works to ... Western world's advantage, for people to experience something like this together"
http://mediamatters.org/items/200507070005


KILMEADE: And he made the statement, clearly shaken, but clearly determined. This is his second address in the last hour. First to the people of London, and now at the G8 summit, where their topic Number 1 --believe it or not-- was global warming, the second was African aid. And that was the first time since 9-11 when they should know, and they do know now, that terrorism should be Number 1. But it's important for them all to be together. I think that works to our advantage, in the Western world's advantage, for people to experience something like this together, just 500 miles from where the attacks have happened.

VARNEY: It puts the Number 1 issue right back on the front burner right at the point where all these world leaders are meeting. It takes global warming off the front burner. It takes African aid off the front burner. It sticks terrorism and the fight on the war on terror, right up front all over again."

[BillZBubb]

2. I'm sure Brit's warm personality had nothing to do with

his son's suicide. Right wingers with shit for brains and an ice cube for a heart don't make very good parents, or human beings for that matter. The sad thing is that that event didn't make a dent on the asshole. He certainly didn't reevaluate his sick worldview. Probably like all wingnuts, he couldn't see anything he did wrong.

[DisassemblingHisLies]

3. There's also a video.

http://mediamatters.org/items/200507070007

[antonialee839]

4. My first thought was Oh dear God

those poor people, my second thought was concern for my daughter who takes the train to work, (because as all we know, the Homeland Security bozos here in this country have done jack about beefing up security). My third thought was to wonder why this bunch of terrorists didn't get the Iraq message about where they should be fighting, (this thought came after hearing our Idiot Monkey's ridiculous speech). Nope, didn't think about futures just once.