slickvguy

Wall Street Boys Cautiously Bullish - Barron's

Who is NOT a "know-nothing"? We are ALL know-nothings. Because unless proven otherwise, nobody can predict the future. People can make GUESSES - and then we see who guessed correctly. But even if someone like let's say a Roubini is deemed to have guessed correctly, it still has no bearing on whether he'll be able to correctly guess again in the future. Sooner or later, he'll be wrong, just like all the other gurus who guessed correctly until they didn't.

Bottom line: Human beings are easily fooled. We just aren't that evolved yet - as much as we like to think we are. Commenter after commenter pretending he or she is brighter than others with no proof whatsoever. And that includes EVERYONE. Nothing - and I mean NOTHING - is as it appears. But we need to fill up our lives doing SOMETHING, so why not waste it reading endless market yammerings that are worthless? lol. Don't be too hard on the predictors et al. Just doing the silly human being thing. Illusions, and all that.

I'm not sure which of us is more stupid: those who insist on predicting that which they cannot know OR the rest of us who read and comment on the predictions. Round and round we go....


On Dec 21 05:02 PM hernje wrote:

> Who in their right mind would put any credence in what these know
> nothings say? The fact that every one of these 'experts' was completely
> blind sided by the biggest financial meltdown in the last 100 years
> shows that they are just a bunch of talking heads, with absolutely
> no special insight.