1. dogma, validity, mispriced
3. crowd, whether, when, how
5. B. The crowd can sometimes move to an extreme, well beyond anyone’s wildest expectations; therefore, it is better to make sure that this is confirmed by a technical signal.
8. C. Politicians as a group respond to public opinion; they rarely anticipate crowd swings. Thus, the crowd has usually moved to an extreme by the time politicians take up the issue. When the crowd has reached an extreme, it’s usually time to look for a new trend!