[lbo-talk] Markets and the tooth fairy

Doug Henwood dhenwood at panix.com
Thu Jul 31 10:15:30 PDT 2003


Gar Lipow wrote:


>Today's WAPO contains the following:
>
>http://www.washingtonpost.com/wp-dyn/articles/A5696-2003Jul30.html
>
>>The futures market in orange juice concentrate is a better
>>predictor of Florida weather than the National Weather Service. The
>>Iowa Electronic Markets outperform the opinion polls in predicting
>>presidential election vote shares. Hewlett Packard ran a market
>>forecasting printer sales that outpredicted any of its analysts.
>
>Does anyone know how true or false the above is?

I've heard the OJ futures line a million times, though I've never heard any cite for it.

Doug



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