[richardtavor]

"Economic forecasting is often not effective at predicting changes of direction, but our algorithms are very good at doing so,"

That's exactly what a Merrill Lynch guy told me once--of course I lost a bundle.

[freeper12]

>>Sornette and Zhou predict the Standard & Poor's 500 (currently above 900) will begin dropping by the second quarter of 2003 and will fall to approximately 700 in the first half of 2004.

The s&p 500 fell from over 1500 down to about 770 earlier this year...about a 50% "crash" that I guess he didn't manage to predict...now he makes the bold prediction that the markets will "CRASH" from 900 down to 700, a 20% drop or so....hmmmmmm.

[hinckley buzzard]

A salesman told you he had a "system"-- and you believed him...

The difference is, these guys aren't trying to take your money, like the "Merrill Lynch guy" was.