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Lowest Non-Holiday Market Volume In Past Decade
We are struggling for superlatives (or whatever the antonym for superlatives is). Today's NYSE volume is as low as we could find on Bloomberg data. It is the lowest non-holiday trading day volume in over a decade. This is 26% below last year's post-Superbowl trading day volume. ES, the e-mini S&P 500 future contract, which has tended to be the most liquid and heavily traded instrument reflective of the equity markets, traded around 1.19mm contracts versus a 50-day average of 1.83mm (down 35%) and also we were struggling to find a non-holiday trading day with lower volumes (lower even than on the Thanksgiving Friday of last year's volume). Using our trusty Birinyi ruler and extrapolating the trend since the March 2009 crisis lows, we see No-Volume-Day (NV-Day) as being celebrated on the NYSE in September 2015 (we assume valuations are being adjusted on financials and exchanges as we speak).
NYSE Volume (NYSEVOL Index).
"Birinyi's Ruler" predicts the death of the market will take place on September 11, 2015.
ES Volume
Chart: Bloomberg
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Bullish! Cramer says buy buy buy
Volume? really? Why would anyone care about this when there are more important things that will move the market.
There is talk that Tim Tebow may be on Dancing with the stars, can anyone confirm this?
Apologies for jacking this thread. I just couldn't not share this nugget. Apparently gold is a fiat currency:
http://community.nasdaq.com/News/2012-02/memo-to-ron-paul-gold-is-a-fiat-currency-gld-slv.aspx?storyid=118837
Wow ... the person who wrote that piece needs to break out a Webster's Dictionary.
Are the sheeple learning or simply slaughtered?
Well, I would suggest that the sheeple who wrote this is actually 'anti-learning'. He/she would be better off being totally in the dark than being 100% wrong AND convinced he/she is right. I feel dumber just for having read the fucking thing.
I don't think that would help in this case... unless there is an all picture version of Webster's that I'm not aware of. And even then, I'm not sure this could be pictorially explained. Unreal.
Speaking of Webster's, has the Birinyi ruler made it in yet? It's just a neat term for straight-line extrapolation and I assume, a ZH original?
Bwa ha ha ha ha ha!
That had to be one of the stupidest articles I have yet read (which is saying something).
My side is hurting from laughing. What scares me is that people might believe this.
Somebody had to cover those long Patriots bet.
A wannabe brainiac from the University of Chicago said, "Why not make 1982 Bordeaux the currency?"
Uh, BECAUSE 1982 Bordeaux can easily turn to vinegar !
Last time I checked, nothing makes gold turn to vinegar.
Sounds like Krugman wrote that blurb for Nasdaq.
Yeah - but you can print gold just like fiat!
er, wait a minute. . .
"It is only the backing of governments that gives gold any value. "
Gee, I never knew that before!
Thanks for the information.
NFP
Sorry. It is the other way round. It is only the backing of gold that gives governments any value (read:power). Without the "gold" they cannot exist.
Remember, "war is peace". Newspeak for all - All hail Big Brother, and Skynet, his Titan offspring.
vapor a some points today .. http://hedge.ly/xXzbW7
BOOOYAHHHH Jimbo!
"The only solution the debt problem, is more debt"
P. Krugman
Economist
Nobel Winner
NY Times writer
Genius
Ivy Leaguer
All-Around Douchebag
Everybody's happy with the shares they own, that's why there's low volume.
I planned to enter the market with money generated by my bank interest and will as soon as Ben lets me have some
The antonym for superlatives is "laxatives".
The guys that turn the computers on are hung over and they couldn't get
all the private jets out of Indianapolis...geez
Peak Everything.. Peak Cows, Peak Stock Trading Volume .... I'm serious about Cattle.. http://www.beefbasis.com/ see the last chart..
Peak Beef. Lovin' every hoof.
And Brent ends the day at over $116.50/bbl . . .
MSFM silent on this one, of course.
We've lost cabin pressure....
Just think what would happen if they turned off the Momo machines...
Yup - I'm in shock at the lack of volume.
Globex + day session = 1.191mln traded
Day session only = 951k
Net volume = -4,321 more aggressive sellers on the bid than buyers lifting the offer.
This is one of the best cases of the market "talking". Stocks have risen sharply despite the disasters in the wings - who wants to enter at this level except the idiots It's an (uncertain) election year. Commodity prices (energy) are in flux. The "recovery" is phony. And the looming debt crisis in the US that will only become larger. If I thought CDS were viable I'd buy Italian bonds and hedge 100-1 but that will never happen.
I guess people Not In The Labor Force have no money to trade stocks.
What a **** BS market , no volume rallies , HFT churn , Fed intervention etc... You can feel that this market is not healthy...
Don't tell that to all of the 6 traders that frequently visit the WSJ forums. Never seen such a huge collection of bulltards in my life.
I read so many conflicting sources of information about the markets. I completely agree, that the markets are completely unhealthly, however when you read info by Martin Armstrong - he is saying that markets are going to rally huge because cash will flow out of public assets into private ones (although it is a matter of timing). If I recall his writings correctly, he also doesn't seem to think that rigging a market is possible - the markets are too big and complex for that. I would love someone's take on Armstrong theory, because frankly, I get more confused by the day. Just long gold and oil.
I'm your huckleberry and Armstrong is full of shit.
That is like saying "money" is too complicated and therefore isn't able to be manipulated and "rigged."
I have news for the both of you, money and associated markets that use it are 100% synthetic - a creation of man, who is the sole beneficiary of its chaos.
Anything man made can be man destroyed and man manipulated. This isn't a question of if.
Today, governments champion this manipulation in the name of economic progress. Hence the rampant and systemic fraud and bullshit behind every piece of fiat -- top to bottom.
Gold is only an element, it's scarcity, and man's appreciation of heavy or shiny objects gives it "value." Like money, that value is subject to emotions and scarcity and literally anything we want it to be. The rest is bullshit (ALL OF IT!) There is no "financial engineering," only fraud.
Armstrong is merely trying to marginalize with the false correlation that complexity has something to do with causation (or lack of)? Man caused it, therefore "it" is subject to absolutely anything man want's it to be.
I have a hard time believing that capital flows can be destroyed (it "should" behave like the first law of thermodynamics). From what I can gather, most capital flows right now are into government debt however, when those debts implode - it will be interesting where the capital flees. Then again, if there is no CDS honored on such debt destruction, then capital is theoretically destroyed and not exchanged hands? Confusing as shit - I shouldn't have taken the red pill.
Again, capital is a synthetic creation of man for the sole purpose of chaos.
Capital, all accumulation or otherwise, is NOT subject to any laws or scientific behavior (although fags in pinstripes try to make it as such). It is this misconception or perverted science that makes it absolutely a candidate for manipulation. Typically, this is evidenced nowhere more strongly than man's fallable emotions.
Is land capital?
If yes, how is it destroyed? This is not to be confused with reductions in utility (like a nuclear waste dump). Same with carbon credits - 100% synthetic fabrication of bullshit to run man's emotions into the hands of chaos.
Maybe if they would give some of the money the banksters stole from Grandma and Grandpa back their might be "individual investors" willing to participate again. Since GS, C, BAC, MS, etc. are all immune from any criminal prosecution gold and under the mattress seems to be the smarter move. HFT (High Frequency Theft) has most "average" invstors saying screw you guys I'm going home.
This market running on fumes reminds me of Kramer test driving a car on empty.
Let's go for it like Thelma and Louis.....they drove off a cliff.
http://youtu.be/TuEdU_lrtZk
I remember watching someone on CNBS a few years ago say that 70-75% of the market moves are due to algobots. It surely must be 90-95% by now.
Obviously this means that all the traders were too hung over to come in today. The real question is should the Monday following the Super Bowl become a national holiday?
Combine with MLK
Replace MLK with SB Monday
Just make sure your physical stocks aren't low on volume.....stocks of food, toiletries, dollar bills, etc........
This market is extremely healthy. Kept in the narrow range, pleasing the ones who have to make the machines moving and trading, HFT on it's best. Still a great deal of short positions around, look @ the perf. of the HF breed plublished here yesterday, that's the reason why. They keep the mkts moving higher.
With this volume will they have enough tickertape for the parade tomorrow?
I was looking at the pathetic volume of some PM miners earlier today and couldn't believe it.
Makes you wonder about potential value of your shorts when volume drops to 0.
Vaporized, bitchez!
And most of the money or trades are done before the markets open...the market that we can´t play in...
The other post on HFT´s...added to this low volumes.....boy is this going to blow up someday....
For every retail order, how many other trades occur? Retail aint coming back
Buys Side vs. Sell Side Super Bowl hangover day - whadya want?
At least no one's buying this rally. Approaching that illiquidity event. Illiquidity events are priced in too.
I wonder how much of the volume decline is simply due to the winding-down of the prop desks at the big "investment" banks?
Facebook to the rescue!
I blame Libertarians.
[MDB explained it all to me.]
Love the "death of the market chart"...call we call Birinyi and see if he could move that time line up...?
But Captin, she cant take much more bs, thars nobody in the market no mo, she's about ta blow!!
Dammit Scotty, keep pumpin!
"Lights are Dimming"!
we don't need no stinkin volume to manipulate markets
nationalized markets.
Plus MF global Corzine Goldman Gensler Gang will just pilfer your account.
Why the fuck bother.
party like it's the post tech bubble burst baby!
It's like the film "Margin Call". Getting marks into the market now by telling them this rally is real and has value to it.
Sam Rogers: If you do this, you will kill the market for years. It's over.
Sam Rogers: And you're selling something that you *know* has no value.
John Tuld: We are selling to willing buyers at the current fair market price.
John Tuld: So that we may survive.
Sam Rogers: You would never sell anything to any of those people ever again. Just sell this shit so we can get out. It doesn't matter if no one will ever buy from us again, we have to get out.
What a bunch of shit and what a bunch of worthless assholes they all are. I hope no one falls for this imaginary bubble but every single time, someone has.
In other words, P T Barnum was right?
There was once an old man named Bernank
Who bought so much he bust the bank,
He had to crush the bears
Even if it gives him grey hairs
There will be no volume in the morning!
The CNBC crowd was so excited this morning about Fridays volume. The highest since Dec.15!!!
Damn near the same chart as one I posted today. It shows that apparently the stock markets will be closed down sometime in May:
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&b=3&g=0&id=p49785010808&a=25652...
Tyler, you have to compound that with the price. The overall $ amount is constant.
Almost all trading in the Market has become Option Trading. No one wants to trade a Stock. They trade Options which limit the upside and downside, for a price.
Options are controlling stock prices. Instead of the other way around.
I would like to see the volume of option trades vs the Stock Market. I am sure we would see a surge in Option volume while the volume in the Stock Market has plummeted.
Especially with weekly options now on most stocks. Most stocks only trade around their options strike price up or down.
Old people have withdrawn their money into CDs.
Young people are broke.
Brokerages are firing people.
Where the fuck is the money coming from?
Try hard, try hard, try haaaaaaaaaaaaaaaaaaaaard............yes. PLUNGE PROTECTION TEAM = PRIMARY DEALERS.
However, it seems since they bid the price so high and no suckers are available (suckers = retirees, young retail, fired brokers), hence they could....just could be running out of money and holding a lot of BAC.
Who needs volume when you have FED sugar, HFT packet churning hot air, and one of these?
http://rocklandtoolrental.com/images/cotton%20candy%20machine.jpg
Hey Tylers and Durdens
Even the comments are becoming volumeless.
Laxative gotta be the antonym to superlative...gotta..since the sheeit is running
price trumps volume.