Wednesday 21 July 2021

TRADERS GET COLD IN THE AMYGDALA

Today's Wednesday.

Wednesday, 21 July 2021

You'd have needed a degree in crowd psychology to have been able to predict Monday and Tuesday on the LSE.

The herd of investors (they're not really investors, they are traders) got cold in the amygdala at the thought of covid running out of control over the summer and shutting down the economy, abandoned their positions, and ran for shelter in the dollar bunkers. They sold up and moved to cash, the safety of the dollar, which enjoyed a bounce.

And then the very next day, yesterday Tuesday, FOMO and they all rush back in!

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