You got me running, going out of my mind
You got me thinking that I'm wasting time
--ELO
One strange characteristic in the market advance since 2009 is steadily declining volume. Unlike the previous advances from 2003-2007, volume has been dropping.
Yes, it has been dropping from a spike in volume the credit market meltdown, but bull markets usually invite gradual increases in volume.
Not so this time--at least so far.
position in SPX
Tuesday, May 20, 2014
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...central banks have become highly interventionist in their efforts to manipulate asset prices and financial markets in general as they attempt to fine-tune economic outcomes.
~Charles Plosser
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