Tinkerbell markets – let’s all clap our hands in unison

And then nothing bad will happen? From Naked Capitalism, the Tinkerbell market explanation:

” I am frequently mystified at what goes on in the markets. I am even more mystified when people who ought to know better make pronouncements that appear to be profoundly counter-factual. Even if they are talking their own book, the high odds of being revealed as (bald-faced liars) proven wrong ought to make them worry about damaging their credibility.

Is this wishful thinking? Delusion? A hope that that a united front can change perceptions and therefore reality? (see this as Tinkerbell behavior: if we all clap together, the markets won’t die).”

http://www.nakedcapitalism.com/2008/04/why-happy-talk-about-credit-crisis.html

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