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Forecasting Wall Street profits is probably even riskier than forecasting Wall Street".
The problem, from an investor's point of view, is that forecasting the behavior of politicians is much harder than forecasting the performance of companies (and that itself is very hard to do).
But predicting them was, until recently, a blacker art than forecasting next month's weather.In this section Send in the drones Eye spy Last chance to see? Doing eBay's bidding Reprints Related items This year, next year, sometime, never?Nov 11th 1999 A Leonid meteor storm?Nov 12th 1998That seems now to have changed.
The hope of policymakers until recently was that research would identify precursor signals that could predict earthquakes with near certainty.Damned if you do, damned if you don'tDr Jordan argues that a focus on prediction rather than forecasting held sway in Italy in the days before the quake at L'Aquila.
It was more wishing than forecasting.
Predicting an election like this is more risky than forecasting the course of this volatile stock market.
Similar(48)
Boeing Delivers More Jets Than Forecast.
Hong Kong Exports Rise 9.0%, Lower Than Forecast.
Total orders fell a less-than-forecast 0.5percentt.
But retail sales rose by a better-than-forecast 10.9%.
Still, the benchmark gauge rose 5 percent since the end of 2010 on government stimulus measures and higher-than-forecast profits.
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