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<p>Yesterday, my country Cyprus, introduced for the first time the concept of Black Friday. As you would have guessed, it was no different than the irrational mania that dominates the traditional American version. This mass paranoia though got me thinking about market bubbles. 

<p>Our perception today about markets is massively flawed. Social media news act much like daily Black Fridays, making it impossible for us to decipher whether or not mania is indeed happening.  </p>

<p>Data science, the new buzz word after CEO, does not work as one might think it works. In fact, I don't think data science works at all in regards to deciphering specific situations. The net is so polluted with meme words and virality that reality itself gets obscured. </p>

<p>We might read news from different crypto sides about an imminent bubble but those news, most of the time, are nothing but copies of one another. Interviews in the street can be tailored to address specific attitudes of the population in order to create a targeted hype. Then the euphoria gets viral due to one single incident. We, as viewers, get to experience only the extremes whether that is hype or FUD (Fear, Uncertainty & Doubt), — failing to capture reality in regards to actual market response. </p>

<p>In this world of social media buzz, everyone is being played one way or another since the line between reality and illusion is heavily blurred from the constant noise. People usually believe that more information is better but this is a massive illusion. Nicholas Taleb, in his book "Fooled By Randomness" describes how factuality about something diminishes when more and more data is introduced into a system. More is not better. Is worse. One can easily find a needle in a cup. They would have much harder time to find it in a haystack. <p>

<p> <a href="http://www.businessinsider.com/infographic-shows-how-close-we-could-be-to-an-economic-bubble-collapse-2017-9">This is the very reason everyone is calling for a bubble in almost everything.</a> We see only hype around us and the primitive mind immediately seeks the nearest explanation. There is a house bubble, a FIAT bubble, a crypto bubble, a commodity bubble. Do we really have a bubble in these markets or is the media causing all the FUD in order to sell news? One could easily deduct that we only have a single bubble that is causing a false perception about all the rest: A social media bubble. </p> 


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