Australian (ASX) Stock Market Forum

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Irrational people


Trying to guess what an irrational person might do is sometimes futile. The market illustrates that point quite often with movements that defy explanation. We often see situations where stocks continue to climb even though almost everyone would agree that it is totally unjustified. This occurs because investors are focusing more on other investors and what they might do rather than any inherent characteristic of the stock or the market itself.


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