NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
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It is NOT random, it is psychological behavior of humans.
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This is not "efficient market" behavior. It is behavior based on speculation, rumors, pumping of stocks in Twitter and on Discord servers. It is a market of emotion.
Well, human behavior, particularly that of crowd, can be random too, and hard to predict. You cannot tell when a herd starts to stampede.
But while there's crazy stuff going on with Redditors, I believe there's sector rotation, where investors start to pick up neglected stocks and to take profits from the FAANG stocks and large cap stocks. This is healthy in my view, and of course having no FAANG stocks, I welcome this move.
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