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Guest post by Robert Gore at Straight Line Logic
Financial markets are exercises in crowd psychology. Analysts make good money analyzing the latest market moves and predicting the next ones. Today's analyses often contradicts yesterday's and yesterday's errant predictions stops no one from making predictions today. It would be trivially easy to keep score, but few do; it would endanger six- and seven-figure compensation packages. What most everyone wants to obscure is the essence of the game: guessing where the crowd is going next.