Are U.S. Dollar Speculators Woefully Wrong -- Again?
Learn about the behavior of speculators at the start of a protracted trend reversal
by Bob Stokes
Updated: October 04, 2017
Why do investors keep making the same mistakes -- i.e., buying at highs and selling at lows? The answer is that their psychology never changes. If you're an independent thinker, you can potentially benefit from this knowledge. Let's take a look at the U.S. Dollar Index.
Why are speculators typically on the WRONG side of major trend reversals? Here's why: Investor psychology is patterned.
A perfect example is how U.S. dollar speculators behaved near the start of 2017 ... and they're repeating that behavior right now. Same mistake -- this time in the opposite direction.
Yet, the U.S. Dollar Index is not the only financial market where speculators have set themselves up for a portfolio punch.
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