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by watwut
247 days ago
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Black swan event should be unexpected. Trumps victory was within expected possibilities. It was also his second victory. And his moves after winning were not unexpected either - he is doing what his opponents predicted he will do. |
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Firstly - The average market behavior is average.
From experience, most people could not imagine anything of what was predicted, would come true. There is a large … debt of intellectual work that is being underwritten, allowing people to sell narratives which do not correspond to reality.
This is a direct result of a captured, unfair information environment.
As a result, the average behavior of the market is not pricing in these things, even if the plans were made clear.