Always have been. Stock market is basically a bunch of panicky and drugged rich guys who follow in droves whatever the hype is.
Have you ever seen a group of 5-year-olds trying to seat themselves in a circle? They cannot do it. One of them will change seats to sit with their friend, which invariably causes a cascade until all the kids sit bunched at one side. Then the complaining about not having enough space and the elbow shoving starts.
Man, the things that influence stock prices these days can get pretty fucking stupid
Always have been. Stock market is basically a bunch of panicky and drugged rich guys who follow in droves whatever the hype is.
Have you ever seen a group of 5-year-olds trying to seat themselves in a circle? They cannot do it. One of them will change seats to sit with their friend, which invariably causes a cascade until all the kids sit bunched at one side. Then the complaining about not having enough space and the elbow shoving starts.
That’s the stock market.