Comment by Loudergood
17 hours ago
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
Third-derivative pun.
Riposte: I knew you'd say that! Snap!
And I just predict how you’ll predict
So we have a closed instability/volatility amplification loop. Great: Time for the straddle with finger-cross trade.
Keynesian beauty contest.