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The Lack Of Volume Is Deafening

Tyler Durden's picture




 

We know, we know... volume doesn't matter... but if "There Is No Alternative" and there is mountains of "money on the sidelines" then why is average trade size plunging (cough algos cough) and volume collapsing in lockstep with each and every new record high in stocks?

 

Source: @Not_Jim_Cramer

Just wait til that moeny floods off the sidelines...

 

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Fri, 02/20/2015 - 19:09 | 5810095 pragmatic hobo
pragmatic hobo's picture

what's moeny? is that the funny stuff the fed is printing?

Fri, 02/20/2015 - 19:19 | 5810120 lordylord
lordylord's picture

There is only a downward trend if you look at the last month.  If you look at the last few months, the data is very scattered, and the trend is mostly flat.  I like ZH and I constantly criticize the "markets", but these bullshit articles need to stop.

The 1 minute interval silver is plunging 5 cents articles need to stop too.

Fri, 02/20/2015 - 19:21 | 5810136 Creepy A. Cracker
Creepy A. Cracker's picture

And Dear Leader Obama's agencies tell us that unemployment is going along swimmingly, almost at levels as low as during the Bush (BLEEEECH!!!!!) administration. 

Everything is fantastic.  Or go to jail.  It's the law.  Now say it: Everything... is... fantastic...

Fri, 02/20/2015 - 20:12 | 5810287 lotsoffun
lotsoffun's picture

my thought is the fed printed money (and all the pals, boj, boe, ecb, and now small countries) really does have more staying power.

i want to short this like anything, but i've found from 1999, 2001,  2007, and now 2009-20015 inclusive that i am always at least 6 months ahead.

this could go on forever.  they win.  i lost.

they've already sucked ALL my interest income for years.  i can't let them suck down the last of my money via shorts.

they will and are willing to literally eat my shorts.  they will consume anything and everything you have.  that is the design. :(

 

Fri, 02/20/2015 - 23:57 | 5811096 Bilderberg Member
Bilderberg Member's picture

I think its CNBC spending so much time talking about price to earning  and price to sales ratios it may have many investors hesitant.

Sat, 02/21/2015 - 08:41 | 5811588 cifo
cifo's picture

"and the trend is mostly flat"

lordylord, you don't trade very much, do you?

Fri, 02/20/2015 - 19:46 | 5810220 garypaul
garypaul's picture

I was thinking the same thing lordylord. I take ZH with a big grain of salt.

Fri, 02/20/2015 - 22:09 | 5810719 Tipo anónimo
Tipo anónimo's picture

Way to bring out the haters...

Along the same lines, ZeroHedge used to be populated by writers who pushed the envelope of statistical analysis, breaking news, and (dark) financial information.  Now half of the articles don't correlate to anything else than the darkness of a bear cave.

We get it. My wife says I only make money short.  Doom and gloom is my feed.  But to construct a narrative out of whole cloth really is something else.  It almost begins to smell like a honey trap.

Oh, and lose all the Zionist/non-Zionist BS already.  Half the threads turn into something from the FBI-paid informants known as the Aryan Nation.

/rant-off

Fri, 02/20/2015 - 22:25 | 5810756 Enceladus
Enceladus's picture

My favorite non story on zh is when they declared a headline the mint issues Silver egale @ $65 not realizing it was a numismatic proof coin.  

Fri, 02/20/2015 - 20:37 | 5810311 lester1
lester1's picture

The Fed's primary dealer banks are basically the only ones buying up stocks with left over QE3 money.

Fri, 02/20/2015 - 20:40 | 5810401 LooseLee
LooseLee's picture

Want a chuckle? Ask someone, "How do you spell money". After a crazy look, tell them, G-O-L-D. Then watch their little brain scatter! I do it all the time and have even taught my teenage daughter to ask her 'teachers' this question. You would not believe the opportunities to 'educate' the sheep this opens up.

By the same token, many morons here on ZH will be offended by such straightforward truth that their little brains will become angry because their 'conditioning' will not 'allow' such deviations from the status quo...

Fri, 02/20/2015 - 19:10 | 5810098 dirtyfiles
dirtyfiles's picture

maybe this is just a freak show called "market" like a fake movie they show every day for the masses

Sat, 02/21/2015 - 00:09 | 5811127 Ward cleaver
Ward cleaver's picture

Like "Groundhog Day" where the Lagos wake
up to "I've got you babe"

Fri, 02/20/2015 - 19:13 | 5810108 Hohum
Hohum's picture

If negative interest rates, why not negative volume?  Think outside the box.

Fri, 02/20/2015 - 19:23 | 5810151 nope-1004
nope-1004's picture

lmao

Fri, 02/20/2015 - 19:14 | 5810110 Yen Cross
Yen Cross's picture

 That's an understatement Tyler. 

 The N.Y. bourses go comatose after the 10:00a.m. option cuts, then just trade sideways looking for some non-event to tee-off on.

Fri, 02/20/2015 - 19:15 | 5810116 monopoly
monopoly's picture

When volume finally hits us, look out below. Today really looked like a struggle for most stocks as they moved higher. Feels like we are close to exhaustion on the upside. Time will tell.

Fri, 02/20/2015 - 20:11 | 5810282 walküre
walküre's picture

Of course we've been thinking that since 2012 and what has time told us since?

Fri, 02/20/2015 - 19:17 | 5810123 Creepy A. Cracker
Creepy A. Cracker's picture

Bullish.

<sigh...>

Fri, 02/20/2015 - 19:17 | 5810124 Pairadimes
Pairadimes's picture

Wait til people begin to realize that the exit door is a lot smaller than the entry door. Then you'll see your volume come back.

Fri, 02/20/2015 - 19:20 | 5810135 Spungo
Spungo's picture

"Volume doesn't matter"
-said by man with a small penis

Fri, 02/20/2015 - 19:52 | 5810236 I Write Code
I Write Code's picture

That's not much of a trendline, draw something with about a 10 degree downward slant across the whole thing.

The algos are suffering under Fed meddling.

Fri, 02/20/2015 - 19:58 | 5810256 TaurusCanis
TaurusCanis's picture

It's not truly a "bull market" when highs are reached on decreasing volume... and following that, when the bear returns, it's gonna be ugly.

Fri, 02/20/2015 - 20:25 | 5810334 Youri Carma
Youri Carma's picture

So the FED doesn't need to print as much to keep the stock market up. Stock market to infinity then.

Fri, 02/20/2015 - 20:58 | 5810476 Casserole of no...
Casserole of nonsense's picture

If an overwhelming percentage of trading is algos why do we care about volume? It's not like it was real volume anyway.

Fri, 02/20/2015 - 21:27 | 5810587 Yancey Ward
Yancey Ward's picture

This market will not fall until Ma and Pa take money out of fixed income and put it into the stock market.  There is still an enormous amount of money in ordinary 401Ks and IRAs just sitting in stable value and bond funds.  Those people are being lured in slowly but surely.  I think it may well require the 10Y to go negative to get them in, but it will happen.  Once they have bought in, then and only then will the rug be pulled.

Fri, 02/20/2015 - 21:32 | 5810590 DavyRoySixPack
DavyRoySixPack's picture

I take the"market" with a giant boulder of rock of salt.

 

I got me a "world view" ....  I use the"Economist" magazine for wiping papers.

Fri, 02/20/2015 - 21:57 | 5810687 bid the soldier...
bid the soldiers shoot's picture

 

from Wikipedia

"In finance, to corner the market is to get sufficient control of a particular stockcommodity, or other asset to allow the price to be manipulated."

1) a particular stock or perhaps, say, 30 particular stocks.       (wink wink)

2) as a commodity or stock becomes "cornered" and more and more of it is in "controlling hands," it follows that there is less and less of it offered for sale by willing sellers and presto chango there is a contraction in volume.

Am I the only one here who took Manipulation 101 at Wharton?

Sat, 02/21/2015 - 17:44 | 5813098 orangegeek
orangegeek's picture

The Fed is on the bid and ask - we just don't know it.

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