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re: Oracle of Dilbert: Trump is leading as a CEO, not a politician
Posted on 12/1/16 at 11:53 am to buckeye_vol
Posted on 12/1/16 at 11:53 am to buckeye_vol
quote:
Is this the same stock market that dropped precipitously upon hearing Trump won, then finally realized it's not a big deal and resumed an upward trend?
Yeah, presumably. What's the point of this query exactly?
Posted on 12/1/16 at 12:44 pm to Y.A. Tittle
quote:That the stock market overreacts, despite no justification for that overreaction; however, it does usually self-correct.
Yeah, presumably. What's the point of this query exactly?
So to argue this:
quote:When the "first impression" of election night by the stock market didn't maintain because reason kicked in.
Our first impressions rule our emotions forever.
That is also counter to this:
quote:since that same tendency toward "reason" wouldn't support this:
If you are looking at Trump’s claims of success with Ford and Carrier in terms of technical accuracy and impact on the economy, you will be underwhelmed.
quote:In other words, the press will resorts to facts, but the market will be "smarter" and have an opposite reaction, presumably counter to the facts.
The political press will dismiss Ford and Carrier with fact-checking. But the stock market will be smarter.
Besides, if he is going to base his hypothesis on the irrational nature of humans, then it's dishonest to presume the irrationality would favor one side of rationality over the other.
This is just another example of Adams making things up, but hiding that by pretending it's based on some expert understanding of psychology.
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