jtareen

Roubini the Revisionist

This article reminds me of a story: I used to have a co-worker who would religiously play the Texas lotto every week and believed that he could win. I used to tease him by saying every week religiously that i would guarantee he wouldn't win. He would ask me how can you guarantee it? I would say I just did. That's all it takes to make a prediction is to come out and say it. Every week I was proven right consistently, but he kept playing. No matter how much we know, we always make decisions based on emotions. Using math and history to forecast the stock market is a joke and everyone knows, because we may think rationally, but we always act out of desires. Keeping that in mind I predict the stock market crashes within 3 months. Big Time!!!