Why do people blab predictions?

Predictions are what most people want to hear.

 

as far as investors and traders "blabbing", I think to break it down to a basic psychological level.....human beings strive for ACCEPTANCE.

 

The Great Favott predicts the market will go up, and down and sideways.

 

I agree with the above.

For the people who are paid to predict of course there is a reason.

For those of us on ET, I think it is a matter of conversation and perhaps recognition. Since most of us are TA-type traders, our predictions don't really matter anyway.... being wrong is just about as good as being right.

 

predicting is fun. Predicting is a bet that doesn't cost any money. What you should ask yourself is why does it make you upset when other people predict ?

 

You hit the nail on the head.