So, isn't the market sort of mentally ill? It thinks it is going up to the moon with no setbacks, then it thinks it has sunk so low it will never recover, and then it just gets in a funk where it can't get motivated to do anything.
Aren't the analysts sort of like psychoanalysts? Always telling the market what's wrong and what it needs to do to get healthy?
And then you have the support groups (chat rooms) for the markets family members who are struggling to deal with it's mental unstability.
You make a very good analogy. The markets are indeed like a pajama party.