Often these traders know these comments are meaningless but have to anticipate what other people are going to do,” Rickards said. “It ends up being a momentum trade, based on game theory: I sell bank stocks not because I think Chris Dodd said anything remarkable, but because I think other people will sell. Why do I want to stand in front of a train?

Often these traders know these comments are meaningless but have to anticipate what other people are going to do,” Rickards said. “It ends up being a momentum trade, based on game theory: I sell bank stocks not because I think Chris Dodd said anything remarkable, but because I think other people will sell. Why do I want to stand in front of a train?
Yap trap: Pols talk, markets dive – POLITICO.com