Monday, 25 July 2011

Humans HERD and Herding is FOOLISH INVESTING

SS says

Pls see proof here


This is collective public opinion on EUR

As you can see - public - ie the crowd - the HERD - the group - is most bullish near TOPS and most bearisoh near BOTTOMS

This is the most flawed and STUPID trading strategy

The reason most people lose money is due to the above

The public was most BULLISH near EUR at 150 and 149 and 160 in the last 3 - 4 years

This was the WORST time to be bullish

They were the most BEARISH in early 09 and summer 2010 - this was the WORST time to be bearish

In Summer 2010 - they thought the end of EURO is near and went bearish and net SHORT

In early 2009 - after Lehman and AIG fiasco - they went net short and were most BEARISH all risky bets and lost out

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