[toomuchtodo]

I totally get the feeling behind this, but you can't blame market participants for taking actions that are rational, regardless if the overall market fundamentals are/seem to be irrational.

If the market is desperate for returns, and tech equities are one of the few remaining avenues for such returns, and you are the owner of those equities, what else would you expect to occur? "No no no, don't buy these valuable shares of my company, invest elsewhere!" No way, you're going to cash out as fast as possible before your gains evaporate when the market transitions.

[tehjoker]

Most undesirable actions by the powerful have a rational character. It's bizzare to me that this is so commonly used as a defense. It says to me that the problems are seen to be individuals, not systems of power.

Note: I'm not commenting on the specific case here, just this argument in general.