Is Recession in the Cards? More Turn to Psychics

One clairvoyant's advice beat the market
By Nick McMaster,  Newser Staff
Posted Dec 1, 2008 2:45 PM CST
Psychics have seen a boost in their business since the financial crisis started.   (Shutterstock)
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(Newser) – Canadian Ray Pambrun sold many of his stocks in late October and managed to miss the market’s most recent downswing. His secret? Consulting a psychic, who beat out the financial advisers and economists predicting a bottom. It may not be the soundest investment strategy, but clairvoyants have seen business boom since the financial crisis began, the Globe and Mail reports.

Pambrun’s Toronto psychic says her business has doubled this year, while a British Columbia “School of Mystic Arts” says its continued growth stands in stark contrast to the businesses around them. “People are willing to try anything in an environment of economic uncertainty,” explains one unsurprised business-school professor. “I would argue that financial advisers are really not too much different from psychics.”