That's markets. Buy when no one cares, sell when everyone FOMO's.
Human herd behavior never changes. No matter the asset.
Discussion
They only tune in when itâs above the previous ATH and still climbing. And then theyâll be blinded by unit bias and FOMOing into everything thatâs still just a few bucks a pop. You canât change flawed human psychology.
Exactly. Then we'll slam it to the short side while they frantically pile in their retirements.
When they've all Max Pained to the downside and cash out at 40 cents on the dollar, back up we go.
Tragic, but human nature.