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Market continues to move against Livingstone

March 11, 2008

But it is now time to back Ken Livingstone?

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As this chart shows, the odds on Ken Livingstone winning re-election as the Mayor London have fallen quite sharply. Although, I agree with David Aaronivich’s article that Ken Livingstone should win because he happens to be good at the important aspects of his job (although he is awful at the symbolic aspects) he has been running lackluster campaign that has made a hash out of the task of beating Boris Johnson. My view is that the fair price should be about evens, which is where it is at the moment. So, unless you are a fan of charts, and want to view this as a technical play, there isn’t much fundamental value in this market.

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