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.

▲

Terr_ 3 hours ago | parent | next [-]

A bunch of "Greater Fool" motivation too.

https://en.wikipedia.org/wiki/Greater_fool_theory

▲

recursive 8 hours ago | parent | prev | next [-]

Personally, I try to predict how others are going to predict that yet others will react.

▲

MrOrelliOReilly 6 hours ago | parent | next [-]

And I just predict how you’ll predict

	▲	Nevermark 29 minutes ago \| parent [-]
		So we have a closed instability/volatility amplification loop. Great: Time for the straddle with finger-cross trade.

▲

svnt 6 hours ago | parent | prev [-]

You jerk

	▲	nealabq 4 hours ago \| parent [-]
		Third-derivative pun. Riposte: I knew you'd say that! Snap!

▲

gpderetta 6 hours ago | parent | prev [-]

Keynesian beauty contest.