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Re: oldberkeley post# 111178

Tuesday, 12/21/2010 10:40:49 AM

Tuesday, December 21, 2010 10:40:49 AM

Post# of 257266
I'm just not convinced that our outrage at the inaccuracies of the GS report will counteract the GS report.

I am not and was not suggesting that our outrage would counteract anything - my point was purely and only large market moves are almost always about something where many or most of the participants know something is irrational but continue the irrationality anyway ... until the virtually instantaneous change in market psych happens. See, for instance, 'the bigger fool' theory or 'irrational exuberance' for examples that result in a predictable-in-magnitude (aka large) downside that are unpredictable in timing.

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