> Remember this anytime you watch CNBC & the like.. they can describe in hindsight the WHAT, but the WHY is generally made up on the fly. A classic smart soundi

> Remember this anytime you watch CNBC & the like.. they can describe in hindsight the WHAT, but the WHY is generally made up on the fly. A classic smart sounding but meaningless joke answer to the above question is "More sellers than buyers". A lot of financial media is basically this. There's a much broader topic behind this called Rationalization [1]. I won't forget the sentence by a professor of psychology that said: People are not rational. They are rationalizing. For me, it took a while to sink in but now I do not focus too much on explanations anymore as these are anyways afterthoughts of intransparent internal processes. However, I pay more attention to how people act. Interestingly, all this is also some kind of rationalization that my mind made up. But how can I be in control of the inner workings of my brain anyways... [1] https://en.wikipedia.org/wiki/Rationalization_(psychology) https://en.wikipedia.org/wiki/Rationalization_(psychology)