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The S&P 500 is already up 8.6% YTD, but volume is anemic. The combined 18.9B of S&P 500...
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Friday, February 24, 2012, 5:20 PM ETThe S&P 500 is already up 8.6% YTD, but volume is anemic. The combined 18.9B of S&P 500 component shares traded is a 20% drop from the same period last year and less than half the 48.5B shares traded during the same period in 2008. Today's action was no different: 3.32B shares in NYSE composite volume, the third lowest volume day of the year.
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Apple is going to crush the "QQQ's", when people at some point say to themselves, I think its a prudent thing to take some chips off the table.
This fed / Bernanke fueled mirage will end the same as all other intrusions into the "ONCE FREE" markets do, in tears!
I am so happy the retail investor for the most part has stayed on the sidelines, in SAFETY!
This bubble T.V. grown nightmare will collapse into itself with the realization that gasoline prices DO MATTER and Obama was multiple times worse than the "Lame Street Media" was reporting,or more precisely, not reporting.
Prepare for RISK to come off in a really big way!
Jerry