This page has been archived and commenting is disabled.
Market Volume Tumbles To 50% Below Average As Dislocations Abound
A quick look at market volume: in a word - deplorable. It confirms what Gillian Tett said last week, piggybacking on our ongoing fund outflow observations, that there is "a loss of confidence – not merely in the idea that the future will
be a brighter place, but also, most crucially, about whether anybody is
able to predict that future at all." She concludes: "it is bad for investors to feel confused about the outlook for
government regulation or deflation; but it seems that nobody really
understands how the basic mechanics of the equity market work any more,
it is hard to trust that the stock markets are a good destination for
your money. Little wonder, then, that those US equity mutual fund
outflows have accelerated." Presenting exhibit A of precisely this phenomenon: today's ES volume is about the worst it has been in, well, ever, at 50% below average!
Another perspective of where volume has been in the past two weeks:
And a result of the ongoing dislocation in stocks, the bond to stock divergence is just plain silly now.
»
- 9549 reads
- Printer-friendly version
- Send to friend
- advertisements -
Waiting around for the Fed's fascist announcement tomorrow.
all the while, the meltup continues.
SP now higher than it was on Thursday night.
"Little wonder, then, that those US equity mutual fund outflows have accelerated."
Who knows how much of equity mutual funds went into ETFs?
move along, move along, nothing here
When the game is rigged why play? Like telling the boxer to take a fall in the the third so the gangsta/bankstas can make their spread.
http://www.youtube.com/watch?v=x0YDuh1aGyY
Holiday volumes...
Nobody wants to take a risk ahead of 2:15 tomorrow.
Gold/Silver going vert.
Over the cliff?
Interesting. Coincidentally, I liquidated the last of my Roth IRA holdings today, and will be withdrawing the principal this week (no worries about taxes, the damn thing has shrunk since I opened it). I couldn't hold on any longer for the next damn crash, watching my short ETFs churn and lose value. We're putting the money into a dirt-cheap REO auction property we picked up for a song, that we're going to live in with no mortgage or rent payment.
No more mortgages; no more financial products; no more goddamned pretend "assets." Just real stuff I can hold and/or eat, or live in or drive. The rest -- stocks, bonds, treasuries, etc., -- is all just a bunch of promises that no one intends to keep.
+1, be the change you seek
The next crash will make us like the post-depression demographic; scared of everything but cash under the mattress. Decomplexify.
Investment Idea: 50,000 cases of Spam
Best case scenario, the world goes to Hell and you survive. Being the only person left with food, you become the Emperor of Spam and form your own Bordertown.
Worst case scenario, Ben Bernanke saves the world, you have to eat your investment, and your kids spend the rest of their lives talking about how much they hate Spam.
@aaronb17
Do as you see fit, but please know that "real stuff" can also lose a lot of value when it is priced in inflated currencies or there is no actual demand.
Thanks for the reminder; to that end I am steering clear of tulips and beanie babies.
Don't forget to stash away some junk silver as well. If you can afford it, throw in a couple of Eagles, in any size.
Volume? Volume? We don't need no stinking volume.
Sector rotation is now done daily - soon to be hourly.
Which one of you heathens is driving up Citi?
That would be my personal bot: Mr Bickus Dickus...
I don't know where to find the reliable data. according to Yahoo, more than half the volumes are from the two stocks, C and BAC. If you take these two out, the volume is really dismal.
I am Cornholio! I need TP for my bunghole!
Goldman has 10 days of trading losses in 2Q
http://www.reuters.com/article/businessNews/idUSTRE6781YC20100809
Weird how they have losing days in the quarter when there are no telescoped Fed asset-purchases.... f*cking scumbags.
The loss is all for show. Trying to get us to shed a tear for them.
Right.
They are starting 15 minutes early today.... Tyler must have pissed them off. :)
Gold/Silver lightning rods!
http://www.youtube.com/watch?v=Eg8cDmi7-U8
(took me a while to find it... LOL!)
Took a peek at the volume rate of change in the SPX on a daily basis...yeah I laughed my ass off at the dismal participation in last week with all the economic news out. Looking at the movement on a daily basis, it is hard to deny this market is rigged to go up as the down days we close only about 1 point down. Smoke and mirrors this is not, they are just doing it out in the open in the nude at this rate.
If you are an institutional investor, you have to be loving this. Every day you come in and watch PD algo's move prices up for you without having to do a thing. The only thing you have to get nervous about is running for the exit.... because everyone else will be running for it at the same time.
That is why I love out of the money puts while the market is going up this summer. I get my puts on several "loveable" stocks for cents on the dollar for Q4.
Looks like the paint huffing market started to come to reality this last few minutes.
Do I see diminishing returns? http://www.freestockcharts.com?emailChartID=7ba4f562-ceee-4c59-9343-72b18026939e
Everything stops for tea or the 3 - 4 PM market ramp-up job, courtesy of the bankstas and the free money they are getting from the Fed.
A nation of laws indeed. What a joke.
lol
people can't understand we are in a BULL MARKET.
so if it's not the BDI it's China, IF China is ok it's Europe
If Europe is ok it's the JPY. IF that doesn't work is the ECRI
IF that doesn't work and markets still go up. it's volume.
If that doesn't work the Market is manipulated.
That's why 90% loose money. They have an idea an they look for anything to
show them what they want too see.
It's amazing. Almost 2 years of fighting the tape.
That's why investors like Warren Buffett made a lot of money. That's why
you don't see perma bears in FOrbes.
People can't understand. they never will.
What a big joke this place has become
Unbelievable.
Is that right? A joke? But you lump thousands of individuals...talk about picking and choosing data. You also use a Buffet as an example, yet he rigged the system accordingly. He bought a fascist bank (GS), and that is how he made his monie. So I am not as astute becuase I didn't put my monie there?
Have PMs been a bad trade? No.
This is a corporate take over, so go ahead, particpate. It is a free country, er...sort of. At least you can spend your IOUs the way you want. For now at least.
WEB's silver outperformed BRK since called away by Barclay's for SLV...
People who can't make a decision come here, they are afraid to get in now after this quick runup. I told these clowns two weeks ago to get long, the stock market is rigged to the upside till November election.
They all just stand aside brain washed by this doom and gloom, I'm makeing good money, yes the volume is super light, big deal, prices are rising.
Prices are rising, yes, enjoy your cheap oil now.
That comment would have been more appropriate from Johnny Bravo.
I have a problem with decisions as well: Gold or Silver... what a dilemma.
Until they stop.
Low volume, up market, lots of doomsayers and a retail crowd that hates the market. This is what fuels rallies. There are way too many folks out there who are watching the rally pass them by. Once they start to get in, the top will be much closer.
Despite proclamations of SPX 600 to come, large drops like in 2008 are very rare and with the Fed on alert, it won't happen again for decades. The market is irrational because it's made up of irrational (read: greedy and fearful) people. So watch the market go up and realize it's quite normal for this to happen even under the dire circumstances that many are predicting.
"large drops like in 2008 are very rare..."
There were 7 drops over 20% from 1929 to 1932, count 'em:
http://stockcharts.com/charts/historical/djia19201940.html
Whiskey-
I'm looking forward (not a clown, just a little piglet) to your sage advice on when to switch. I've been in the "melt up until the election" camp, but with decreasing volume, narrowing market, Our Dear O's declining polls, declining forward guidance from (gasp) even GS, well, I'll stand aside, maybe nibble.
But I'm really looking forward to your prescient call.
and, no, I'm a junker virgin, I'm just a piece of new meat (here).
- Ned
This is such an awesome bull market that w/o pricing in inflation we are stuck in 1998 levels.
http://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chfdeh=0&chdet=1281384000000&chddm=1344292&chls=IntervalBasedLine&q=INDEXSP:.INX&ntsp=0
It's so nice to see you back DMA... I see your spelling has improved a bit.
hahahaa
:)))
just a bit
Knock yourself out, DMA. If you want to continue to live in the past, go right ahead.
What you fail to understand is that your vaunted 18-month rally is based upon nothing more than free Fed money, thrown to the banks in the last, desperate act of the Great Keynesian Experiment.
You're going to get your ass kicked eventually if you fail to look over the horizon. Read this interview of John Williams if you want to get started thinking for yourself.
http://www.theenergyreport.com/pub/na/7005
I wish you the best.
I didn't say a secular bull market
I said a bull market.
So when does your bull market starts at 1600 on the S&P ?
Are you trading monthly charts ?
C'mon man. I have stop loss orders. I don't win all the time.
THERE IS ONE THING I CAN"T UNDERSTAND (sorry for caps)
Everyone knows the FED is involved, the market is traded with fast computers.
And bots are set on buying mode. But people still want to short ? why ?
Cause they think they are wised than the market.
Go with the flow.
I will come here I promise. and thell everyone I am getting bearish.
"Everyone knows the FED is involved, the market is traded with fast computers.
And bots are set on buying mode. But people still want to short ? why ?
Cause they think they are wised than the market.
Go with the flow. "
This I understand, DMA. However, this is not a rationale for continued "investment" in equities.
I advise avoidance.
"A strange game. The only way to win is not to play."
"Go with the flow. "
ie Greater Fool Theory.
No we are not. We are in a rigged ponzi scheme for the fascist elite to recoup their losses. WSJ reported last week that BB has recouped his losses from the market meltdown. That's why the market has gone up since March of 2009. Want a good laugh, check out this story on these fools: http://campfire.theoildrum.com/node/6823
Here's what's in store for the governing class of the United States. http://www.nytimes.com/aponline/2010/08/04/world/AP-LT-Drug-War-Mexico.h...
Bullmarkets last for decades and bear markets last for months obviously?
Sure pal. Wall Street loves fellas like you.
wow
the dumbest man alive
"a loss of confidence – not merely in the idea that the future will be a brighter place, but also, most crucially, about whether anybody is able to predict that future at all."
The question is "will there be a future?" end of the world scenarios are always cataclysmic maybe the world will die a slow death over a few generations ?
So.. any bets on where tomorrow is headed with Helicopter Ben's meeting?
Stay on the sidelines until the market runs away to the upside, then you won't be able to take it and will jump into the market, then I will sell you my longs.
The stock market is rigged to the upside till the November election, ZERO DOWNSIDE RISK.
The market maybe but the stocks you and I are likely to buy are not, dispite the market being +5% from where I bought (good solid companies) I am lower from -5% to -15% on my posistions (good diversification too) sooooo what the hell is going up i ask cuz it's not what I am holding !?!?!??!
I'll jump back in the market when I see people jumping off of 85 Broad.
It's rigged to the upside till the fascists extract enough money to build their fortified compounds and hire their private armies from Xe.
makes sense
I disagree that the markets will rise til November. I say by the end of this month the reversal will set in, if not by tomorrow if Benny doesn't choose his words carefully. Volume has been too great on the downside as opposed to the up days. Just wait for the big boys to return of holiday with Euro hotties in the Mediterranean.
"The stock market is rigged to the upside till the November election, ZERO DOWNSIDE RISK."
Guess those three 10% or greater declines since 26 April 2010 were just chopped liver.
Just pay no attention, move on, wash, rinse, spin, repeat eh?
http://stockcharts.com/charts/gallery.html?spx
"Dislocations"
That's the euphemism of the year...
"Dislocations"
http://www.youtube.com/watch?v=3mH3ds4zMPI&feature=youtube_gdata
Coming soon - dislocation camps?
http://www.freedomfiles.org/war/fema.htm
stocks go up on no voloume you sell market goes up on no volume you sell never lose selling into a rising market
it is all a big f*cking joke
MADOFFED
WTF? Is Hopium sold in 48 ouncers now?
Thanks for the PFE gift of 16.48 anyway.
Ok listen up since i usually don't talk this stuff.
there is a big resistence here at 1130.
I'm not blind. I see that. I take profits. or stay on the sidelines.
The trend is up. No shorts yet.
Who cares if I a missing the first move down.
Rotschild once said.
"I made my fortune by selling too early” .
Quit bottom fishing. quit shorting the tops.
Cash is a position. Long is a position. Short is not a position yet.
You either go long or stay out.
very true, how many people have been destroyed because they were too cemented in their positions of being either bulls or bears
Some profits are more attractive than others. Never forget.
See you all in September.
Peace
Volume is picking up in the solar sector...;)
Ah, sending us more pics from your vacation spot Leo? Do these girls know you are doing this without their permission from the bushes? :)
Enjoy your precious beta frenzy while it lasts!
everything is exactly where goldman f***ing sachs wants it all to be
Rising wedge + volume drying up = fireworks... You'll see...
Tyler, I have a simple question for ya. If you were a large buyer of stocks right now would you chase stocks higher by raping the offer. NO. You would sit back and bid for stocks when everyone sells like last Friday. If you think people are still bearish and will sell if we start to trade lower then you just bid for stocks on the way down. Thats why there is no volume to the upside and all the volume to the downside. They arent buying much on the way up because they dont have to. Wait for the permabearish pussies to sell.
With nobody in the markets except the big entities and their computers, who is actually producing the wealth? (Or is there any wealth?)
Unsophisticated me...looks from this angle like there is just "money" chasing "money" chasing yield chasing return chasing the same "money" again, round and round and round...a closed system.
If they can't get new "money" into the system, they're going to have to start devouring each other soon. There won't be anyone left to fleece at this rate...