Monday, November 24, 2008

The intuitive economy

New York Times has this incredible piece:

Since September, when the Dow collapsed, Mr. Taccetta, has talked with his psychic about once a month, roughly twice as often as a year ago. “There is no rhyme or reason to the way the market is trading,” he said. “When conditions are this volatile, consulting a psychic can be as good a strategy as any other....Ms. Hartman, the Los Angeles psychic, said her Internet traffic has picked up substantially, from about 30 visitors a day to more than 200. She charges from $150 for a 30-minute telephone reading to $500 for 90 minutes of “intuitive counseling."

So when the rational is down, the intution is up.

But when the market is a stochastic or random walk proces, any advice is as good as any.

1 comment:

fajar said...

salam kenal