Lowest Non-Holiday Market Volume Since 2008 Market Crash

Tyler Durden's picture

Somewhat ironically, up until the Texas Instruments news hit, NYSE market volume today was 3.2 billion shares. This is on par with the lowest non-holiday market volume since just before the market crash in September 2008. It seems not even algos and robots care to trade this market anymore. Any banks that may have been hoping to make some commission-based profits on a mythical jump in trading this uear will have to shelve such plans and continue to rely on the only proven money-making model: massively leveraged prop trading.

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LostWages's picture

And just wait until the reverse split on Shittygroup, will knock off 1/3 of this volume.

covert's picture

with us picking up the tab as usual.

http://covert2.wordpress.com

 

pragmatic hobo's picture

they will find something else ...

Hard1's picture

Oh, wait, wasn't it a holiday today?  Shoot, I missed work!

AldoHux_IV's picture

A holiday for the algos and robots?

max2205's picture

They all made their year. Off early this year to the Hamptons!

Igor AKA 990's picture

Qingming Festival:  official chinese bank holiday.  

Manthong's picture

Blythe was out today. Had to run down to DC, Daley needed a Lewinsky.

EscapeKey's picture

The question is - will silver hit $39 overnight, or will we have to wait until Wednesday?

Long-John-Silver's picture

The real question is when do we awaken to $100+ Silver one morning.

disabledvet's picture

then i will need a parrot on my shoulder to "do the talking."

ShouldveLeftHer's picture

Thats pro. Im getting an Afghan Reesus Monkey to handle my day to day operations/familial interactions @ 100$

FLIP THAT BOND's picture

It smells to me like tonight...everything's in a line for a nice pop.

Dr. Porkchop's picture

Turd's observation is that the cartel often waits until after Mondays in order to avoid it being obvious. It's called Happy Monday! I would expect a fierce attack tonight or tomorrow. If buyers step in, they will likely trace a new line in the sand higher up.

FLIP THAT BOND's picture

That's not until next Tuesday so they can crush it before the big options expiration at the end of the week.

HyperinflatmyNutts's picture

Does that Cum with a happy ending?

tmosley's picture

Already hit it for me.  I sold a bit so I could have some work done on my fence (in preparation for goats--coming soon to a tmosley near you), and got $39/oz for generic rounds).

EscapeKey's picture

Well, that's quite good really, considering goats supposedly scare trolls away!

mynhair's picture

No wonder the parasites have been all over AVL like flies on Timmah:  nothing else to pump.

Your Mama's picture

It's so far beyond rediculous ..I don't even have the words for it .What the fuck is going on ? The Benank has really fucked everything up

MrPook's picture

+1. The pooch is screwed.

Leo Kolivakis's picture

Congrats to all of you who have National Semiconductor Corp (NSM). Texas Instruments Inc is buying chipmaker National Semiconductor Corp for roughly $6.5 billion in cash, the companies announced on Monday. Stock is up 72% AH. Very bullish for tomorrow and shows you risk appetite is opening up...

101 years and counting's picture

it shows that companies would rather drastically overpay for revenue then for trying to grow organically (because they are unable to).

 

A Man without Qualities's picture

And pro-forma accounting hides a lot of ills.

hambone's picture

Serious Leo???  Is that really your takeaway or did you forget your <sarc on / off> button?

jkruffin's picture

He was being serious sad to say. Which is why I don't read anything he writes about on ZH anymore. He is a cheerleader, instead of telling the facts of truth.  Nothing wrong with making money, but don't lie to people....trying to do it.  You make yourself as low as the scum in the Treserve and in the White House.

Id fight Gandhi's picture

Another example we need an ignore button.

homersimpson's picture

Yes risk appetite always opens up when you're playing with other people's money...yes so bullish *rolls eyes*

In other words, you and Robo are so full of it. This is so similar to the dot com days when bankrupt companies were buying each other out in hopes to preserve their shareholders' (read: VCs) capital.

razorthin's picture

At least Robo objectively presents technicals.  Yes, he seems to present positive set-ups disproportunately, but the market has been disproportunately to the upside.  My observations tell me he is a proficient trader.

homersimpson's picture

Well.. it's one thing if he objectively presents technicals. Unfortunately, he tries to make his posts look like he's an oracle but in reality he comes across as an arrogant monday morning QB with pics of hot chix..

You only see him around when the market is up.. otherwise, he's never around when things are down - which is why he gets junked a lot nowadays. A long while ago, he used to actually be fun to read when he wasn't so objective (read: not a bulltard)..

He's whiffed badly on PMs consistently.. There are a lot of people who doubt how good Robo is given his history of being more Monday Morning QB than oracle.. Especially when his explanations on why the market is up doesn't match what is really going on.

For the record, I didn't junk your opinion, but I strongly suggest that Robo is as objective as the Wall Street Journal's reporting on the Fed.

Gold 36000's picture

I suspect monday morning quarter back syndrome.  Also Robo said in previous posts that he bought the recent precious metals dip, but hasn't said much since.  The person who is always making the right trade at the right time is probably bullshitting.

duo's picture

TI way over paid for Burr-Brown in 2000, which ended up being the book-end of the Tech bubble.  They are repeating history.

I also think their two fabs in N. Japan will be down longer than a July restart.

disabledvet's picture

"they" have "fabs in japan"?  who r "they" again?

ghostfaceinvestah's picture

Definitely starting to see some "end of bubble" type behavior.  That's what excess liquidity will do.

Hope they can close this deal before July.

Homey Da Clown's picture

Perhaps the thought of four more years of "The One" is sinking in? Look at how well the first two years have gone.

Samsonov's picture

Low volume on comments also, both here and the WSJ.

Gold 36000's picture

It is a bottom in pessimism.  The paranoid anti-stock anti-usa crowd is losing hope.  It may be time to short the market now!  Buy on pessimism highs and lots of bragging by the zero hedge crowd, sell when comment volume is low and the pessimists are losing hope!

hambone's picture

I guess I'm still of the completely unvalidated view that the Fed will never sell it's T's, its MBS's, and won't ever sell it's equity holdings (whether they be held by BlackRock or whoever).  I have this funny feeling Fed is printing money from nothing, buying "stuff", and never putting said "stuff" back on the market.  Results in less "stuff" for sale, Fed never has to write down assets (they're held to maturity...infinity?), and subsequently just creates more free money with which to buy more "stuff".  What could be more inflationary and supportive of asset prices?

I have a strange feeling that the outstanding float of assets (even T's) may be getting lower on a daily POMO basis. 

And I really curious about all the continued fake T's getting confiscated to the tune of a trillion plus.  If these are what is "caught", means there are likely far more out there likewise hoovering up assets and increasing money supply???

magpie's picture

Don't worry, the bankers only accept those funny bonds at a 10-15% discount - so inflation is already priced in.

Bastiat's picture

Being able to print money and buy assets is good business -- even if half of them are bad.

Dr. Porkchop's picture

Don't forget gouging customers with service fees. There's more than one way to get blood from a stone!

jkruffin's picture

Only thing I have left in any of the markets is a nice round lot of SPY puts for September.  Other than that, cashed out all FOREX, Treasury Direct account, and its all going to add to my silver pile.