Business & Finance: Prophets

In Manhattan last week the American Statistical Association held a banquet, heard six noted statisticians attempt to predict the future of Business and the Market. Three of the speakers said neither the Market nor Business has reached a bottom; one said the present may be the bottom; two were vague.

Even less uniformity was shown when the speakers attempted to select groups of stocks which will rise most during the next two years. Most prominent was the food & dairy industry, mentioned four times. Practically every other industry was favored by at least one speaker. But no speaker was very enthusiastic...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!