In fact, investors in the market, whether big or small, appear to be very smart, but in fact they are extremely stupid. Take the US interest rate cut as an example. In fact, in March and April, everyone knew that the possibility of a rate cut this year was very low. In the absence of favorable expectations, they should be basically immune to negative news about CPI and interest rate meetings.
But in fact, every time relevant negative information comes out, this group of people panic.
For example, I told you that you will have no food to eat in the next week, you were shocked, but you still accepted it and knew it in your heart. Then I mentioned it to you the next day that you really have no food to eat, and you were shocked again. On the third day, I mentioned it again, and you were shocked again. On the fourth day, I mentioned it again, and you were shocked again. . . .
I said, are you stupid? Since you know that you will have no food to eat for a week and keep mentioning it, why do you still react like this? Shouldn't you face it calmly like a Buddhist?