[Loudergood]

The market is full of people trying to anticipate how other people are going to react and exploit that by getting there first. There's a layer aimed at forecasting what that layer is going to do as well.

It's guesswork all the way down.

[Terr_]

A bunch of "Greater Fool" motivation too.

https://en.wikipedia.org/wiki/Greater_fool_theory

[recursive]

Personally, I try to predict how others are going to predict that yet others will react.

[svnt]

You jerk

[nealabq]

Third-derivative pun.

Riposte: I knew you'd say that! Snap!

[MrOrelliOReilly]

And I just predict how you’ll predict

[Nevermark]

So we have a closed instability/volatility amplification loop. Great: Time for the straddle with finger-cross trade.

[gpderetta]

Keynesian beauty contest.