Quote:
Originally Posted by Maggy J
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If you had shares in a company and everybody was saying if X happens then the share price would go down, what would you and everybody else do if X happened. You and everybody else would sell, which is what would drive the price down and not whether X happened or not. When people were gleefully saying that the value of Sterling would go down, the markets had little option but to sell Sterling, thereby driving the price down. It was where enough people are made to believe that something will either go up or down that makes it happen. A self-fulfilling prophecy. By predicting something, you make it happen.