Even for financial speculation, this is possible. For example, after Black Thursday, the bankers bought lots of stock to increase the price because they wanted to avoid a larger crash that affected their companies predicting other people would follow suit if they made the “prediction” that the market would go back up.
Even for financial speculation, this is possible. For example, after Black Thursday, the bankers bought lots of stock to increase the price because they wanted to avoid a larger crash that affected their companies predicting other people would follow suit if they made the “prediction” that the market would go back up.
Reference: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929#:~:text=Whitney%20placed%20a%20bid%20to%20purchase%2025%2C000%20shares%20of%20U.S.%20Steel%20at%20%24205%20per%20share%2C%20a%20price%20well%20above%20the%20current%20market.