Market Manifesto

Let’s talk about over­shoot­ing, of the ten­den­cy of things to move too far in one direc­tion, and then retrace. We are of course espe­cial­ly inter­est­ed in the dynam­ics of the crowd that over­shoots. But the fact of over­shoot­ing is a com­mon occur­rence in many dif­fer­ent kinds of sit­u­a­tions. In the mar­ket we see many vari­a­tions […]