Systems Collapse When The Irrational Is Considered Rational

Oh thank you, Wikipedia, for this definition: “Irrationality is cognition, thinking, talking or acting without inclusion of rationality. It is more specifically described as an action or opinion given through inadequate reasoning, emotional distress, or cognitive deficiency. The term is used, usually pejoratively, to describe thinking and actions that are, or appear to be, less useful or more illogical than other more rational alternatives.” And what about this one? Market Psychology? This term is defined in the Investopedia this way: “The overall sentiment or feeling that the market is experiencing at any particular time. Greed, fear, expectations and circumstances are all factors that contribute to the group's overall investing mentality of sentiment.” Q: What do we have when we put the two together? A: The current madness and market mayhem,’

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