Finance is such an abstract, black-boxed system, that it is very easy for narratives to cohere around it that are divorced from the actual operational practices
Hey, remember $CME water futures? Open Interest stands at 12 lots today, or ~3.8 million gallons of water.
The media expected a tsunami & they got a squirt gunpic.twitter.com/KpXrnz6HZg
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This is true, John, but blockchain + AI will solve this issue by 2025
End of conversation
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Direction and timing are not always the same to predict. We could bet on GME falling back, but do you want to guess when? Irrationality may outlast solvency on that bet...
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