I'm sorry, I really don't know much about the stock market, but I still think the global downturn over the Coronavirus is *weird* for so many reasons:
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If I'm a day trader I may know perfectly well that there's no actual material risk to Apple's suppliers in China from the virus fear, but I don't know that *other* people know that My job is just to be the first one to sell a falling stock and buy a rising one
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So I do something stupid because I predict other people are going to do something stupid and I have to beat them to it It may well be that no one at all is *actually* stupid and everyone just assumes everyone else is And so a stampede builds up from a mirage
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