What it is:
Elves make up a group of analysts and managers who appeared on the PBS show " Week," which was hosted by Louis Rukeyser.
How it works/Example:
"financial markets. They became popular for their "elves ," which was notoriously inaccurate. It started in 1989.Week" aired from 1970 to 2005. In each episode, the elves attempted to predict changes in the
Why it matters:
Louis Rukeyser discontinued the elvesin 2001, and some critics argued that they were little more than manifestations of the herd mentality. The elves did make some correct predictions, however.