Why Do People Make Market Forecasts?

Joe Wiesenthal criticized the idea of Nouriel Roubini making stock market forecasts. Felix Salmon jumped to his old boss' defense by saying that forecasts are indeed worthless, but the reasoning behind the forecasts can be very interesting.

Then why did Roubini make a forecast in the first place? His audience just expected it? Hmmm. I think I have an answer and it's not a complicated one. The dirty secret is that stock market forecasts are fun. continued

by Eddy Elfenbein | 03/19/09

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Why Do People Make Market Forecasts?

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Can Citigroup Be Saved?

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