Thursday, October 13, 2016

Reality: Membership Has Its Privileges

ZH: Oct. 13, 2016
Noam Chomsky Explains How He Was Banned From Lamestream Media

In a nutshell, what he is describing is Groupthink...

"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.

Groupthink 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"

Reality doesn't give a fuck what AC360 thinks...

VIX - Implied volatility:

Distribution - large institutions selling

S&P overnight downside gaps