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I’d just popped over to iBC to stay abreast of the latest cutting edge market analysis, when, this caught my eye: 2010 predictions, in November, nice, let’s check it out. What follows is the abridged version, there was no real need to go past the first couple of paragraphs.

…and a List of 2010 Predictions
Monday, November 9, 2009 at at 10:44 pm

As I sit here, enjoying the arils of a pomegranate and English tea brewed from loose leaf, I stare outward, despite all my energy peering within, lost somewhere behind vision but before dreaming. It is here that we attempt to perceive what is coming in the future.

So I lay out for you now, my predictions for the next year. Undoubtedly, they will change dramatically, as my predictions for this year have. However, it is important that we work from some foundation.

There are many way to create predictions. The majority on this site use technicals; predict the future from the past. Some of you use fundamentals; all things must stay within their boundaries. For judgment of stock picks, I tend to rely on functionality. A system is bound by fundamentals, but its behavior within them is very much a relationship which, with experience and cleverness, can be reasoned out. The probable, outward price valuation of any security is a distribution dependent on its components and their actions.

However, for anticipating the developments of a country in what is so frequently an irrational world, or for issues which cannot be reliably understood through math, there is a far simpler mechanism I employ; one which, sadly, has fallen from the grace of men long ago.

That is the consideration of objectivity.

Firstly, the Fed will not raise rates for at least another four months. It is coming to winter, and, despite this sudden warm front we’re experiencing, at least where I am, it will still be a particularly cold one. Raising rates would be a kiss of death to struggling families still holding onto the edge, correspondingly increasing their payments which are already being met only with much difficulty.

However, the Fed chairmen are not fools; they see the world besmirching the dollar and know full well that possessing the reserve currency is our most powerful distinction. They will attempt to correct our path, likely in late March or early April, perhaps on the back of a report announcing an increase in jobs, by raising rates. Real estate will suffer accordingly, maybe dragging the market into a slow, gradual retracement

Objectivity. A definition: not influenced by personal feelings, interpretations, or prejudice; based on facts; unbiased: an objective opinion.

His reasons, or objective analysis, in regards to the Federal Reserve [paragraph 1] holding on FFR increases are based on: the weather, and struggling families [mortgage payments/unemployment] The weather, random, or predictable? Objective analysis? Data [facts] regarding debt serviceability?

In paragraph 2: FFR will be raised March/April based on an appreciation of the dollar being the world reserve currency. This assertion is objective? He knows the minds of the Federal Reserve members? Since when did mindreading enter into objective analysis?

No need to continue any further. The writing style is patronising. The author seemingly intent on establishing his erudite status. iBC sets great store on IQ measurement and such. This style was set by flippe-floppe-flye, and has percolated through the site.

The aggressiveness of the putdown seems to carry more weight, than the actual analysis. Readers, from the sheer weight of the numbers [visits] seem to revel in this format.