Comment by readthenotes1
17 hours ago
It also tanked to ~$90 when Trump announced tariffs on all goods for Taiwan except semiconductors.
I don't know if that's non-rational, or if people can't be expected to read the second sentence of an announcement before panicking.
The market is full of people trying to anticipate how other people are going to react and exploit that by getting there first. There's a layer aimed at forecasting what that layer is going to do as well.
It's guesswork all the way down.
A bunch of "Greater Fool" motivation too.
https://en.wikipedia.org/wiki/Greater_fool_theory
Personally, I try to predict how others are going to predict that yet others will react.
You jerk
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And I just predict how you’ll predict
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Keynesian beauty contest.
This was also on top of claims (Jan 2025) that Deepseek showed that "we don't actually need as much GPU, thus NVidia is less needed"; at least it was my impression this was one of the (now silly-seeming) reasons NVDA dropped then.
> I don't know if that's non-rational, or if people can't be expected to read the second sentence of an announcement before panicking.
These days you have AI bots doing sentiment based training.
If you ask me... all these excesses are a clear sign for one thing, we need to drastically rein in the stonk markets. The markets should serve us, not the other way around.