The Negative Feedback Loop in the Market

Bern Hobart: Antichodes are underrated once you have a lot of data. As long as that feedback loop is in place, you can be correct that the market is moving in the wrong direction. Sometimes anecdotes are the only way to tell whether the data is the result of lots of very reasonable people making very sensible decisions or if it's the result of people who like if the marginal trade has no idea what they're doing and is taking more risk than they should.