Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: thackney

It is a known ploy of the hustler to make varying predictions, and then to highlight one that came true while ignoring the others; the simplest is the cold-caller who tells half the prospective clients a stock will go up, and the other half that it will go down, and then calls back the correct half.

This article illustrates that one does not actually have to predict correctly to succeed.

I don’t have the obvious expertise that this writer does, but I also successfully failed to predict the price of Crude Oil on December 31, 2012. I’m simply not writing an article to mention it.

I predict that by December of 2013, there will be a price of oil.


3 posted on 12/31/2012 7:02:32 AM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 1 | View Replies ]


To: CharlesWayneCT
You and me and everyone else has control over the price of oil. When gasoline price is rising, don't fill up, just buy what you have to have for the short term.

Our, as consumers trying to predict oil $ is about as accurate as predicting the weather without ever listening to a weather report.

As to the US oil companies hustling you, if it weren't for the shear volume, no one in their right mind would survive, much less prosper on the minuscule margin they get.

OPEC is a different animal, they just profit from luck. On the other hand, considering where and how they live, damn few of us would consider that a good luck of the draw.

6 posted on 12/31/2012 7:35:44 AM PST by X-spurt (Republic of Texas, Come and Take It!)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson