posted on Jun, 27 2010 @ 01:36 PM
I had trouble reading the wall of text as well without line spaces but I see that was already commented on.
Anyway as far as the question are people controlled by instincts or do they follow their own perceptions and act accordingly? I may not have the
original question worded correctly but I'll take a stab at an answer. While studying the stock market and people's reactions I have discovered that
a large enough group of people will act predictably. They follow the herd instinct. If they see a lot of other people doing something, they'll
follow right along. I believe it's part of human nature to do so. I could say a whole lot more but instead I'll point to the source of my new
knowledge which I barely even touched upon. You can understand what the mass of people's reactions will be by studying Socionomics.
I found a link.
It's not free but there are free tidbits given out from time to time. I believe one day this information will be taught in college courses. What
I've learned has been very interesting. I'm not subscribed to socionomics myself either but I've read a number of interesting topics covered by it
on the associated web site for Elliott Wave International. I personally think Robert Pretcher is very brilliant but has failed to take into
consideration the amount of manipulation those in power have exerted. His predictions on the nominal dollar value of the Dow were wrong in times
past. He failed to take into consideration how the value of the dollar would be manipulated. It's complicated and difficult for many people to
accurately predict the nominal value of the stock market far out in the future. While that is complicated, Socionomics seems fairly intuitive after
reading about the tidbits I've read.
Club EWI has some free question and answer comments from time to time.
I'm not trying to promote this but feel this knowledge can definitely help someone in sales or whoever could benefit from knowing how a large mass of
people will react in the future.
If more people on here read about Socionomics, there could be a lot of interesting threads on ATS. You have to be careful not to run into any
copyright laws though.
So while I diverged slightly, people may believe they follow their own perception. In reality they follow the herd most of the time and do so
predictably. If you know what the herd will do, you have an edge over them. You need a large enough group of people to be able to predict the herd
mentality. I've found myself following the herd instinct when it comes to stock investing and it is hard to overcome. We are programmed to do
certain things and that programming is difficult to break away from.
We the people are simply following herd instincts. Governments do attempt to steer the herd and control the herd on a temporary basis but the herd
tends to react the way the herd typically will react after the government manipulation dies away. I suppose if governments had an endless money
supply or ultimate power which they do not, they could keep manipulating the herd to react a certain way but those measures are only temporary at
One thing I learned is that the government is the last social instrument that changes to reflect the social values of the herd. The people in the US
have become more conservative in their economic thinking and spending. The same likely applies for many other countries. The government will be the
last ones to change since the individuals who no longer reflect how the people think will be voted out and replaced with officials the people want.
Elections take a while. I believe one prediction from one of those sites I linked was that only 20 percent of current incumbents would be left in
office within 4 to 6 years. I'm hoping the predictions for the stock market and our economy are flawed. I'm sure there are plenty who would like
to manipulate that. I have read an alternative point of view but that is another topic.
What I said above may only be true for a free society with capitalism. I'm used to thinking mainly about the US first since I live here.
[edit on 27-6-2010 by orionthehunter]