The true beauty of Twitter is it enables the crowd to see what is most popular and to immediately jump on it, and now paired with Robinhood it has all been gamified. The result is flash mobs with money who rush from one hot trade to the next with accelerating speed and volume.
Surges in the past that took days, weeks or even months before - thanks to slower communication networks - now take minutes, especially now paired by AI-driven trading that tracks what the crowd is doing and then compounds the cash moving in to what is hot.
And now on top of it all, we added options. Not only does this ad more leverage, but popular hedging techniques only intensify the directionality of price moves.
The result is that the crowd now believes that anywhere it rushes, it can generate its own golden ticket - in anything at anytime and in every case.
Meanwhile central banks prime the pump at every turn.
You can follow @Peter_Atwater.
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