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they are Useless, I guess sometimes people find them entertaining. People think they are true, and thus Astrology and Psychics are profitable. The trick is the predictions stay vague, and likely to happen. Thus when they do, it sounds amazing. When they don't happen, you take less notice, as its less exciting. The overall effect is that you remember the times "predictions" come true more then the times they don't. Its kind of like me Predicting, tomorrow you Will desire to leave the house, but will feel you have forgotten something. This feeling will soon go away however, and your quick journey will be fulfilling. The above prediction fits for School, Work, Shopping, errands. Its very likely to happen, as *very* rarely do we ever stay inside the house completely for an entire day. Also, most of us always hesitate before leaving, to make sure we have everything we need before we leave the house. Obviously, I'm not very good at being a psychic. Professionals have this vagueness and trickery down to a fine art, it definitely takes skill and a great performance to pull it off.
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