Wall Street, Harvard, Washington...
"Groupthink is a psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. Group members try to minimize conflict and reach a consensus decision without critical evaluation of alternative viewpoints, by actively suppressing dissenting viewpoints, and by isolating themselves from outside influences.
Loyalty to the group requires individuals to avoid raising controversial issues or alternative solutions, and there is loss of individual creativity, uniqueness and independent thinking. The dysfunctional group dynamics of the "ingroup" produces an "illusion of invulnerability" (an inflated certainty that the right decision has been made). Thus the "ingroup" significantly overrates its own abilities in decision-making, and significantly underrates the abilities of its opponents (the "outgroup")."
Growth / value ratio:
Close-up:
New low on the weekly chart for internet stocks...
World's largest stock triple-testing the August low...
Netflix free-fall
Ready for the third Google ground and pound...
When the (Equal weight / cap weight) ratio turns up, that means mega-caps are catching down to the rest of the market...
When the rally is over:
We've seen this movie before, we know how it ends...
