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Seeing the big picture is more about faith than logic. The reason is that we are causal in nature. We do not get to ten unless we start with one or two.
That is true. But also, logic is sometimes clouded by emotions. So, sometimes, logic is enough to see the big picture, if emotions don't get in the way.
That's another angle to it and honestly the more you look, the deeper it gets. Logic is enough indeed, sometimes it's just that we do our permutations, predictings and analyses and it just feels too right for it to be wrong. I think that's where we are in the state of the market at the moment.
I agree, it can happen. It's like a state of denial. But that also means we are ignoring the changing conditions and remain blocked in our predictions.