Robert J. Shiller explains the pandemic stock market and why it’s decoupled from the economy
Possible explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics.
After all, stock-market movements are driven largely by investors’ assessments of other investors’ evolving reaction to the news, rather than the news itself.
MarketWatch July 7, 2020
After all, stock-market movements are driven largely by investors’ assessments of other investors’ evolving reaction to the news, rather than the news itself.
MarketWatch July 7, 2020
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