“As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.”

William Stanley Jevons
(1835–1882)

In the market if everyone is buying and has bought a certain stock or sector or fad or whatever there will be very little demand left for that item. So when there are too many people doing the same thing the top or bottom is in place.

Therefore when you see and hear everyone doing or talking about the same thing then be prepared for the trend to reverse. The best example of this is the dotcom days of 1999.

What is todays frenzy?

Readers give me feedback and I will let you know if there is a common theme amongst the population.