Just finished chapter 6, on boiler rooms, from @timothysykes book. Thinking about the movie as well. Might write something up on how this works in terms of reflexivity/Mimetic contagion. This seems pretty direct and to the point of these information asymmetries. @MimeticValue
Basically, what happens when trusted “analysts” lie? Is this “irrational” for a trader to buy in anticipation of other traders being fooled by trusting said analyst? I say no.