[lbo-talk] Markets and the tooth fairy - Orange juice futures

[Jordan Hayes]

> Re: an earlier point, the "predictions" Roll was measuring
> were of weather conditions roughly six to eighteen hours
> after market close. So there was no suggestion that markets
> could make long-term weather predictions.

There's no suggestion that NWS can do this either.

/jordan

ps: weather prediction seems to be about constant since the 50s: 3 days
out it's sorta clear; 10 days out it's pretty dicey.  With every advance
in technology, you get approximately the same fidelity: they are pretty
good at 3 days, rough at 10, lousy after that.

pps:

# "Everyone talks about the weather, but no one
#  wants to do anything about it."