NYSE Volume: Lowest Of The Year
And while the market grinds up for the 8th day in a row, the bad news for the brokers is getting acute. To wit: NYSE volume today was the lowest so far in 2011. With nearly half the quarter in the books, stock trading is persisting at the same Q4 levels that forced banks to announce a plunge in trading-related commissions. As we noted back in August, the only way for stock volume to surge is for a concerted selling event, which is the only time stock volume is beyond the good old vapor we have grown to love and expect each and every day there is an increasingly meaningless meltup in the stock market. And if we are correct about a transition from a QE2 surreality to an (in)visible hand free market occurring some time in April/May, stock volume will continue becoming progressively smaller until they finally spike in roughly three months.
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