Prediction market beats Wall Street analysts

From the prediction markets list
"Perhaps you'll remember that a couple weeks ago Bet2Give started featuring a stock about whether or not Boeing would meet its May 2008 delivery target for the new 787 aircraft. Yesterday, The company announced that despite its recent vows to meet the deadline, it was delaying delivery by at least 6 months! From the start, the Bet2Give stock has been trading way below 50%, mostly between 20-30%... Obviously, traders did not take the company at its word. link

"The funny thing is that Wall Street acted all surprised at Boeing's announcement. Boeing's stock fell 2.73%. Here's a funny quote from a NYT article: "Analysts said the postponement of 787 deliveries was surprising, given Boeing's insistence as recently as September that despite the test flight delays, it would be able to meet a May 2008 delivery target.".

If analysts are really so gullible that they'll habitually take a company's word for it, that presents a huge opportunity for prediction markets," says Emile Servan Schreiber who set up bet2give as a way to get attention to his core business.

They're only beginning to figure out how to use prediction markets as a tool, where to apply them, where it needs something else to make it work, etc. when it grows up, it could be an Asimovian Foundation kind of device.