[quote name='Spokker']I think it has more to do with people talking on the telephone, or sending telegraphs, or emailing each other or whatever form of direct interpersonal communication you can think of. That someone else is buying a stock or otherwise making an investment sends a signal. It's a piece of information. It could be useful or it could be dangerous, but people act on that signal. We aren't totally independent thinkers.
There was some study done on individual investors where they asked them what first drew their attention to the last company they invested in. Only 6% said they read about it in some newspaper or magazine. The vast majority said they heard about the company from some guy they knew. Then the stock becomes hot or cold and the rest is history.
This is part of the reason we have the Securities and Exchange Commission, because people talk to each other all the
ing time. We love it. We evolved to do it. It's part of our nature. It's not even a bad thing, but it's the reality of our entire existence. We have short-term bitching (Netflix stock drop) and long-term bitching (consumer confidence index). People panic, that panic spreads, market drops, and then people start to form their own information and calm down and the market adjusts up a little to reflect the true severity of whatever made people panic. It happens all the time.[/QUOTE]
In other words, you have absolutely no clue.

[quote name='Spokker']Actually, we created our own stereotypes on the playground. The power dominant privileged patriarchy didn't get us by the collar and tell us to notice differences among race, class and gender. We did it all on our own by being smart and observant little
ers. There's usually no hate in it, despite beliefs to the contrary.[/QUOTE]
How do the
do kids come up with black people being lazy, drug-dealing, poor, watermelon eating, fast runners, etc? How the
do kids come up with Asians being good at math, have small penises, exotic, asexual, perverted, bucktoothed, etc? If there's no hate involved, then no one ever in the history of mankind has anyone ever been killed because of them...that's what you're implying right? That's there's no harm involved?
Sounds like someone doesn't understand basic sociology or history...or maybe you're just another ignorant privileged asshole...probably both since they compliment each other.
There was some study done on individual investors where they asked them what first drew their attention to the last company they invested in. Only 6% said they read about it in some newspaper or magazine. The vast majority said they heard about the company from some guy they knew. Then the stock becomes hot or cold and the rest is history.
This is part of the reason we have the Securities and Exchange Commission, because people talk to each other all the

In other words, you have absolutely no clue.
I don't think you fully grasp the concept of the power elite either.I would love to hear about the power elite, but I don't know if I'm going to agree that it's quite as sinister as that. It isn't just the power elite getting in on all this nonsense. You know who were the among those implicated in the IBM insider trading thing in 1995? A secretary, a beeper salesman, a computer technician, a pizza chef, a banker, an electrical engineer, a dairy wholesaler, a teacher, a gynecologist, an attorney and four stockbrokers. That's some group.
Anyway, there are a ton of reasons why there are booms and busts, but herd behavior in good times and contagion in bad times are big deals. I mean, gosh, look at how fast panic swept through the East Asian nations that one time. It was the most gnarly Spring Break ever.

[quote name='Spokker']Actually, we created our own stereotypes on the playground. The power dominant privileged patriarchy didn't get us by the collar and tell us to notice differences among race, class and gender. We did it all on our own by being smart and observant little

How do the


Sounds like someone doesn't understand basic sociology or history...or maybe you're just another ignorant privileged asshole...probably both since they compliment each other.