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.
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.