2005: A Bumpy Year

Tuesday, January 03, 2006 | 10:50 AM

Great column this morn by the NYT's Floyd Norris: The Wisdom of Wall St.? Sometimes It's Wrong. Its almost funny that someone has to even point that out.

Norris' column is (as always) astute, but what really got me excited was the ginormous chart:

>

click for astoundingly big chart:

Bumpylarge

Courtesy of NYT

>

Source:
The Wisdom of Wall St.? Sometimes It's Wrong
FLOYD NORRIS
NYT, January 3, 2006
http://www.nytimes.com/2006/01/03/business/03stox.html

Graphic: A Bumpy Year
http://www.nytimes.com/imagepages/2006/01/02/business/20060103_BUMP_GRAPHIC.html

Tuesday, January 03, 2006 | 10:50 AM | Permalink | Comments (8) | TrackBack (0)
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Comments

I've always looked at stuff like this and wondered why all these very smart people with access to tons of data and possessed of the time and financial incentive to get the right answer often get it wrong. Maybe the future is essentially unknowable, at least for now.

Posted by: royce | Jan 3, 2006 11:39:54 AM

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