[The stock market is a] billion-person game in which people are trying to figure out what everybody else is expecting and therefore how everybody else will behave.

[What we are seeing is a] psychological rather than an economic phenomenon

I’m not altogether confident that the people in charge know what they are doing. But they sure are trying hard.

It’s crucial that people believe that help is on the way and solutions are possible. If everybody thinks the stock market is going to crash, they behave in a way that makes it crash.

—Thomas Schelling