Dec

4

Why do people with any reputation at stake like to predict major moves in the market? If they are talking their book, it's mostly silly because they can't influence it enough. If it's to take a chance that they will enhance their reputation, I guess it's worth it, once, if they happen to be right. Some have gone to great fame by making that one call and their subsequent bad calls are often forgotten. It must be mostly because they have to say something because of the nature of their business and they can't afford to always be vague.


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