NYSE Volume Lowest Of 2013

Tyler Durden's picture

Aside from a very much vacated President's Day trading market, for 1400ET, today is the lowest volume day of the year (in line with Monday's scarcity)... given this lack of real market, the algos are let loose to ply their levitation magic - and sure enough, Dow Transports reach new highs and the S&P pushes on towards that record...


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NotApplicable's picture

Weather, duh.

Whether too hot, too cold, too wet, or too dry.

insanelysane's picture

everyone is at Walmart with their tax refunds

swissaustrian's picture

What is everybody waiting for?

natronic's picture

Less total trades + More buy trades from investment banks with Bernidiot's free money = New Market highs

Lets_Eat_Ben's picture

Sell! Sell! Sell!

Don't buy back in until the regulators protect the non-insiders and prevent market manipulation. Manipulation of any financial asset is just stealing and its inherent criminality should be prosecuted like any criminal act, Jail time and fines commensrate with the scope of the larceny.

Jason T's picture

the mother of all quiet before the mother of all storms?    ... let it not be premature ..oh let it not be premature.


Jack London ... Iron Heel?

Ham-bone's picture

de facto centralized command and control - it is what Ben sez it is and please remember the doors are barred shut and you've nowhere to run to anyway.  Have a pleasant new high.

BTW- I do wonder how much of the "markets" are getting purchased w/ fiat from nowhere and put away in black holes (never to see the light of day again) to reduce outstanding float???  Treasuries....check.  MBS....check.  Equities....why not.  Etc. Etc. Etc.  Moar "money", fewer assets...hmmm.  Sellers seem to be met w/ an urgent buyer and thus sellers don't sell...permanently high plateau...err incline.  Simply a facade of a free market, of free wil, of a democratic republic. 

firstdivision's picture

everyone has moved their trading to dark pools.  Even the eTrade baby swims in the murky water.

NoWayJose's picture

Running out of fools that are willing to pay an even higher price for things that the algos bought over the past few months.

Ham-bone's picture

Only running out of sellers...there is always an urgent buyer willing to bid up.

Infinite fiat to buy limited float and loses never taken because if you have infinite fiat you never have to sell...only buy buy buy.  Seriously wonder how much float is now sitting on de facto Fed agents books (black holes) to never be seen or traded again???  Plus add to that corp buybacks only gaining speed...fewer and fewer shares outsanding vs. ever more "money on the sidelines" and think classic squeeze or Minsky melt up.

Bam_Man's picture

It's a holiday somewhere.

fonzannoon's picture

we have all been saying this for 2 years now. This can go on for a long long time. It already has

Paper CRUSHer's picture

Keynesian HFT Algo....

Destiny(P)=Mass Stupidity/No Volume

larryj's picture

Just a buy vacume up with no volume to hit some upside targets.  Create a false sense of safety to sucker all the people in that are late to the party.  Then use that volume to screw them on the way down.

Lewshine's picture


I'm no believer in Bernanke's BS, but to address the point of your post - FOREVER! They can and will be in this market for as long as it is operational. I believe it won't be manipulation or intervention that brings us to justice. It will be an outside economic event. Less that specific event - The same headlines will be recycled 20 years from now regarding Ben's continued magic.

"A corrupt poker game can last forever, a few of the players at the table will not!"

Pug Pearson / 1st year WSOP champion

fonzannoon's picture

I don't see how they keep rates low forever. But people will probably get conditioned to it and forget there ever was a day they actully earned interest on their money.

rubearish10's picture

These headlines are getting so crusty. Could we all be wrong about this and all is really well? I wish I had the same enthusiasm but when I checked my portfolio I wasn't Long the Bernank! SHIT!

GrinandBearit's picture

Thanks to HF/algobot trading.

Hongcha's picture

I simply despise them for ruining this beautiful game, this wonderful multi-level casino.  I will not line up to drive pennies into slots like they obviously want their publick to do.  I will find another game.  May they eat shit and die, these technocrats.

rubearish10's picture

The chatter of an impending correction is deafening!

thismarketisrigged's picture

its simply amazing . asia is all red, europe is basically all red, u would think that maybe,just maybe today would be a day they would take profits. no no no, not the u.s market, where there is no such thing as profit taking, its keep running it up on anemic volume until further notice.


fuck u bernanke and obama, wish u guys the worst

espirit's picture

Algo's were on autolevitate during conclave out of respect.  Now that we have a new (?) pope, the ponzi can continue unabated although methinks there will be some new CEO's as a few of the old ones have gotten too greedy.

Mysterious dissappearances, I tell you.