A full century ago
French social psychologist Gustave Le Bon had said
"A crowd can never accomplish acts demanding a high degree of intelligence"
Crowd behaviour is utter mediocrity at its extreme hype!
All crowds are destined to disperse after the binding force - the influence, fades!
A crowd movement is like a tide that washes ashore all rubbish alongwith pearls and seashells!
Crowd behaviour is stupidity and mass-hypnotism at its high!
Nobody knows why but everyone is running because he sees everyone running.
It is easy to establish the presence of such a contagion, but not easy to explain.
Proof (of what is happening) becomes more sanctimonious than the Reason (of why it is happening)!
World is full of approval-seeking people ever-so-willing to be labelled as "right"
and there is no way they can be right except being with the crowd!!
Hence, there is no dearth of followers in a crowd!!!
Beyond a critical mass level, crowd is a self-growing self-fuelling monster
200 years ago, the great French thinker Victor Hugo had said
"Nothing can stop an idea whose time has come"
It must have been said in context with the crowd behavior.
It can be safely presumed that 'nothing can stop a crowd whose trigger has been pulled'.
Traders seeking sense and logic in rallies are as misplaced
as is the science looking for logic in art!
Little wonder the "crowd" rallies are big
and inevitably followed by big correction.
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(to be continued)
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