Sentences with phrase «mechanics of stock market crashes»

Spitznagel is a specialist in tail risk, and so the most intriguing part of Spitznagel's papers is his demonstration of the utility of the equity q ratio in identifying «susceptibility to shifts from any extreme consensus» because «such shifts of extreme consensus are naturally among the predominant mechanics of stock market crashes.»

It is also useful in identifying «susceptibility to shifts from any extreme consensus,» which is important because «such shifts of extreme consensus are naturally among the predominant mechanics of stock market crashes.»