NYSE Volume: Is This Some Joke...?

Tyler Durden's picture


Earlier we noted the dismal volume in the markets today, it turns out we under-estimated just how dismal... Today was the lowest Monday-after-Thanksgiving Day NYSE volume since 1996! We suspect you will not hear that 'fact' on your favorite business media channel when they crow of the 'well off the lows' performance today...





(h/t @Not_Jim_Cramer)

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Mon, 11/26/2012 - 19:20 | 3012783 ACP
ACP's picture

"What is this some kind of sick joke?"

"Sir, no sir!"

Mon, 11/26/2012 - 19:42 | 3012852 alphabrew
alphabrew's picture

"Bullshit I can't hear you!"

Mon, 11/26/2012 - 19:48 | 3012864 I think I need ...
I think I need to buy a gun's picture

Looks like a head on a massive head and shoulders pattern in the works it ain't coming back for another 20 years,,,,,,,,,,,,volume that is,,,,,,,

Mon, 11/26/2012 - 19:54 | 3012886 The Alarmist
The Alarmist's picture

Cyclone at Coney Island?

Mon, 11/26/2012 - 19:56 | 3012901 CH1
CH1's picture


This is Fed Theater. The 401K crowd must be maintained in their slumbers.

Mon, 11/26/2012 - 20:23 | 3012955 seek
seek's picture

I'm starting to think even the slow folks in the 401K crowd may have started bailing out.

It may not be Fed theater -- just the Fed masturbating by themselves while we watch via the charts.

Mon, 11/26/2012 - 21:33 | 3013128 tenpanhandle
tenpanhandle's picture

Unfortunately, when the fed masturbates we all get jizzed on.

Mon, 11/26/2012 - 20:56 | 3013034 mvsjcl
mvsjcl's picture

As you can see, the bullet entered right here, and exited right there.

Mon, 11/26/2012 - 21:35 | 3013133 blunderdog
blunderdog's picture

Some Jungian thing....

Mon, 11/26/2012 - 19:21 | 3012787 Rainman
Rainman's picture

Everything dialing back to '96...then '95 ...then

Mon, 11/26/2012 - 19:37 | 3012832 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Peak volume during oil's production platuae.  Who woulda thunk it?

Mon, 11/26/2012 - 19:42 | 3012851 bdc63
bdc63's picture

Yes Tyler, it is a joke.  But we are all still waiting for the punchline ...


Mon, 11/26/2012 - 19:21 | 3012790 docmac324
docmac324's picture

Looks like a decent haircut, for the reality bunch.

Mon, 11/26/2012 - 19:21 | 3012792 Central Bankster
Central Bankster's picture

centrally planned markets are belong to us!

Mon, 11/26/2012 - 19:24 | 3012794 vast-dom
vast-dom's picture

why are you speechless Tyler? look at 1992, heh, or 1982 (the year banks in America lost more money then they made since their inception)...


and the volume here at ZH of late has also been quite low to boot.

Mon, 11/26/2012 - 19:36 | 3012835 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That's because all of the Romneyites drank themselves to death after the Obama victory.

Mon, 11/26/2012 - 19:40 | 3012849 Orly
Orly's picture

Either that or the caustic and ornery gold-bug types are most annoying...

Mon, 11/26/2012 - 20:45 | 3013001 NooooB
NooooB's picture

I like them. I read their posts in the "get off my lawn" voice.

Mon, 11/26/2012 - 21:59 | 3013185 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That sentence makes no sense.  Instead of trying your hand in literature why don't you go back to pressing buttons like a caged monkey.

Mon, 11/26/2012 - 22:04 | 3013205 peekcrackers
peekcrackers's picture

Well after your done smoking the illusionary paper pole for gains of I O U s and promisses of hope , hookers like you come and jump on the golden shaft and try and go silver balls deep ..   I would say paper humpers are much more annoying do to there greed and delusional understanding of true gain of wealth ,

illusion is the first of all pleasures

Mon, 11/26/2012 - 19:49 | 3012870 ekm
ekm's picture

Very good, very good point actually.

Even main stream media is paying not much attention to anything let alone Greece.


It shows that people have become totally numb since nothing makes sense. If retires have move already their money into cash accounts out of stocks, I guess no more reason to comment on ZH. ZH should be proud of this.


I credit ZH for the low NYSE volume since it's opened people's eyes.

Mon, 11/26/2012 - 19:23 | 3012796 Aurora Ex Machina
Aurora Ex Machina's picture

It's called the new normal: aka, AMZN got Robots. Everyone is waiting to see what happens (and no, the new I5 Appletastic-in-cardboard-this-time-for-March-2013 isn't fluffing like it used to).

Mon, 11/26/2012 - 19:22 | 3012797 surf0766
surf0766's picture

green shoots bbbbbbbbbbbbbbbbbbbbbbbbbbbb-cups

Mon, 11/26/2012 - 19:27 | 3012798 Zer0head
Zer0head's picture

favorite business media channel


ZH is my business media channel and I heard it here

as for CNBS and Bloomberg

whores all

Mon, 11/26/2012 - 19:23 | 3012799 soccerballtux
soccerballtux's picture

That's odd. What are the most likely reasons for this?

Mon, 11/26/2012 - 20:09 | 3012871 Zero Govt
Zero Govt's picture

Algos took a well-earned Thanksgiving break

all work and no play makes Algo a very dull electronic toilet flush mechanism

Mon, 11/26/2012 - 19:24 | 3012800 Being Free
Being Free's picture

Look for SEC transaction fees to rise.

Mon, 11/26/2012 - 19:24 | 3012802 metastar
metastar's picture

Where are the bots, the robos, the HFTs? Who will save us?

Mon, 11/26/2012 - 23:21 | 3013365 xray vision
xray vision's picture

That's sort of what I was wondering.

Way back in the olden days (96), they didn't have HFT and robo trades did they?

So where did their volume come from?

If you could remove the robo trades from the curve, I wonder what it would look like.

Mon, 11/26/2012 - 19:26 | 3012811 chump666
chump666's picture

Alan Moore you legend:


Yes, the market is a joke.

Metaphors baby...metaphors...

Mon, 11/26/2012 - 20:22 | 3012954 chump666
chump666's picture

I totally believe that the end is the beginning, establishment, most (not all) academics and organized religion is frightened by revelation.  Something new.  The system will break naturally anyway, it can't adapt.  The markets are a perfect example of a stagnant and dying concept. 

Mon, 11/26/2012 - 21:08 | 3013070 tip e. canoe
Mon, 11/26/2012 - 19:29 | 3012813 SIOP
SIOP's picture

I would assume it's High Frequency Trading, or program trading that's throttled down for some reason?

Mon, 11/26/2012 - 19:29 | 3012814 newworldorder
newworldorder's picture

What is the meaning of this ????????????

Mon, 11/26/2012 - 19:58 | 3012905 nope-1004
nope-1004's picture

If buyers aren't buying equities, indicative of the low volume, why is the index going up?

Mon, 11/26/2012 - 19:29 | 3012815 buzzsaw99
buzzsaw99's picture


Mon, 11/26/2012 - 19:30 | 3012817 Conman
Conman's picture

It was Sandy's fault!

Mon, 11/26/2012 - 19:59 | 3012908 whiskeyriver
whiskeyriver's picture

Nope, it was Bush's fault. You don't want to be seen as anti femenist by blaming it on Sandy.

Mon, 11/26/2012 - 19:29 | 3012818 chump666
chump666's picture
  • Reuters:  ECB to forego 11 BLN EUR profits on Greek bond portfolio
  • Deal will reduce interest above financing costs on Greek bilateral loans will fall to 50 BPS from 150 BPS once Greece reaches 4.5% primary surplus



Mon, 11/26/2012 - 19:43 | 3012853 Orly
Orly's picture

Any more haircuts and they'll look like Indiana's cheerleaders...

Is it USDJPY back to 74?  Inquiring minds want to know...


Mon, 11/26/2012 - 20:11 | 3012935 chump666
chump666's picture

lol yes and the EUR is compressed between the 5, 100 and 50 MA's (in that order) on a 15min chart - which is bearish in a HFT world.  We need a  slaughter on the DXY to go risk on FX/stocks, just not happening.  As far as stocks go, well again it's the machines running the averages on low/nothing volume.  Can't see this being sustained for much longer. 


Mon, 11/26/2012 - 20:30 | 3012967 Orly
Orly's picture

Now they're talking about buying back Greek debt at 35 cents on the Euro, turning around and recapitalising the Greek banks with it.  Ultimate kick-the-can, do-over circle jerk.

When does this start making any sense at all?


Mon, 11/26/2012 - 21:47 | 3013160 otto skorzeny
otto skorzeny's picture

they should have shaved their beavers on TV-it would have been the highest rated TV ever.

Mon, 11/26/2012 - 19:46 | 3012860 Cangoroo
Cangoroo's picture

These idiots think they can find an outcrowding deal and sell their paper. It will not work. Primary surpluses are obsolete, what Investors need is a trading surplus. It is f'****g meaningless whether you shift public to private debt. Total debt is interesting. 

Mon, 11/26/2012 - 19:31 | 3012821 Rockfish
Rockfish's picture

IF volume were music i'd say we were about at the end of this song.

Mon, 11/26/2012 - 19:57 | 3012898 whiskeyriver
whiskeyriver's picture

And the eulogy is just starting.

Mon, 11/26/2012 - 19:31 | 3012822 Silverhog
Silverhog's picture

This is definitely telling us something but guessing Powerball's winning number is easier.  

Mon, 11/26/2012 - 20:02 | 3012911 Zero Govt
Zero Govt's picture

this tells us the $billions of soiled nappies Benny is buying off petulent brats Blankfein & Dimon are not going into stocks

...are their derivative exposures costing that much?!! 

Mon, 11/26/2012 - 19:32 | 3012825 lakecity55
lakecity55's picture

Buy more Silver Fizz.



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