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This behavior is a textbook example of recency bias combined with herding instinct. Humans are neurologically wired to overweight recent events and seek safety in consensus. When markets turn green, our brains immediately start creating narratives to justify why the worst is behind us. It's not stupidity; it's literally how human psychology works. The hardest skill in investing isn't understanding financials – it's overriding your own evolutionary psychology. That's why systematic investment approaches often outperform discretionary ones – they remove the emotional component entirely.