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.





Speak your mind

5 Comments so far

  1. Ed on December 4, 2012 7:30 pm

    No Garry it is usually100% marketing. Making bold predictions is an easy way to build an audience and get on the air. Accuracy is not important

  2. jeff watson on December 5, 2012 12:54 pm

    Why do people of a certain ilk always need to pitch different trades of every variety, on a daily basis? Do they have a need to show their market savvy or be preceived as oracles? My narrow niche, the grains, keep me in a state of confusion about 85-90% of the time, and I suspect that most of those touting trades on a daily basis are probably confused 98% of the time. Other than someone talking their book, or creating a market to sell into, I wonder why anyone would give anything away….

  3. GangStalkYourWayTo FinancialFreedom on December 6, 2012 2:45 am

    I just can’t stand those predictors. I just can’t. They’re so silly, I can’t believe how much they have ruined my life. Why do they do that? What is wrong with them? It must be some sort of inbalance in the bowels or the head. Grrrrrrr.

  4. SatelliteSpyFromWhat UsedToBeCalledHeaven on December 6, 2012 2:50 am

    Totally, I so agree Sir Stalk. They ruined my marriage. It is because of them and their silly sayings that the world is going to end. Saint science please help us now! Where is Lord Francis Bacon or someone similar to help show the way.

  5. Stefan on December 9, 2012 9:41 pm

    Because it is their business and each day a new fool is born. Plus if they make a lot of predictions, some come right. The trick is it make as much predictions as possible. I


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