Thursday, September 23, 2010

Predicting the past

-- The euro may extend gains to $1.35, the most since April, by the middle of next month, Bank of Tokyo-Mitsubishi UFJ Ltd. said citing trading patterns.--
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Comment: I wonder what's going on in the minds of these analysts and what kind of models they use inorder to predict the past. Either they are pretty dumb or they are so full of fear that they dare only predict hat we know already.

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