It Is Not The Market That Bends
The kid from The Matrix wasn't so far off -- no matter how much people want to see the market regain rationality, they are just bending statistics with their minds. Why? Because despite all the optimism and luck with which we have built an industry around having our money in the markets, we are all open to the risk that someone on the other side of the table won't pull their weight.
The worst part about that is that once one person fucks it up (or worse, once people think they will), we go back to to kindergarten poker: cries of "MINE!" start to echo through the halls as each kid grabs for his marbles.
'course, there's billions of marbles in this game.
So what's a sane kid to do? Muster your optimism? Run like hell? Buying spree? Selling spree? Money in the ol' mattress?
(What are you listening to me for? I'm a software engineer!)
That said, I am confident that our markets will settle, because the alternative is, frankly, the decline of our civilization. And that is a path down which no one wins. As to when? I have no clue. Told you, I'm just a coder...
