Wall Street’s FOMO Machine Is in Full Gear Jim O’Neill—yeah, the guy who coined “BRICS”—says gold’s rally from August to October looks like a bubble. He’s not wrong. Parabolic price moves don’t happen in a vacuum. What we’re seeing is a classic case of FOMO: fear of missing out. Retail investors, average folks, are rushing in because they’re scared of being left behind. That’s the same emotional buying frenzy we saw before the 2008 crash and again before the dot-com bubble burst. O’Neill points out that bubbles feed themselves. A little good news? Gold jumps. A little bad news? Still jumps. Doesn’t matter. The herd is running, and logic gets thrown out the window. Inflation Isn’t Going Anywhere—But They Want…
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