Crystal gazing

in

"Investors frequently forget that stock-market predictions aren't like, say, weather predictions, because in the case of the stock market the predictions actually change the weather. If everyone on Wall Street already likes a stock, they probably already own it. And if that's the case, they've probably already driven up the price higher than it should be. Meanwhile, if everyone hates a stock—and especially if its reputation has fallen so low that professional fund managers are actually afraid to own it—there's a good chance it has already fallen too far."

An interesting tidbit uncovered while he was avoiding his homework.

Stock market predictions ain't no weather predictions. What a cool metaphor.

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