Does market price the emotions its own swings induce? Are there products for which demand goes up with rise of particular sentiments?
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"Market" reifies an aggregate. Some participants price these second order effects. Q: Is it enough volume to equilibrate? I assume yes.
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Whether it equilibriates, wanders in a strange attractor etc are secondary to: can market survive what it induces at all?
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I was thinking more about the short term equilibrium induced by smart traders despite noise traders.
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the ones who play volatility and complain if markets get too low-volatility?

