NO MONEY LEFT TO SUPPORT THE LIE?
Tuesday, March 13, 2012
LOWEST VOLUME OF THE YEAR YESTERDAY.........SURE THIS IS A HEALTHY MARKET, JUST KEEP KIDDING YOURSELF!
With two minutes to go yesterday, aggregate volume on the NYSE was running almost 30% below its average run-rate for the year-to-date. We ended the day with the worst volume of the year so far, down 25% below its average YTD. What should be more worrisome is banks' revenues which are being hurt by lower risk-weighted inventories, decreasing net interest margins thanks to the Fed, and now mind-numbingly low equity trading volumes.
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