The Avalanche

The Avalanche

People often use the "deer in headlights" phenomenon as an analogy for tumultuous markets. That's probably a misappropriation. After all, a deer that's caught in headlights is anything but erratic. It's frozen. Unable to react or, more colloquially, unable to get the fuck out of the way. Here's David C. Yancy, a deer biologist with the Kentucky Department of Fish and Wildlife Resources to explain why this happens: Deer are crepuscular. Their activity peaks within an hour or so on either side
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