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Market recap: Stocks closed out their strongest January in 15 years on a tepid note after a...

Market recap: Stocks closed out their strongest January in 15 years on a tepid note after a series of disappointing economic reports (I, II, III). Yet stocks crawled back from early losses, repeating the frequent pattern of recent days. Financials were boosted by optimism from Europe, but Exxon's mediocre Q4 hurt energy shares. Treasury yields neared four-month lows. NYSE winners led losers seven to six.
Comments (3)
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    "Stocks closed out their strongest January in 15 years…"

     

    On volume that is down 59% from Jan 2008.
    "Last January (2011) the average number of stocks traded on the NYSE per day was 891mm shares vs 661mm for this January (a 26% drop YoY!) and this is down an incredible 59% from January 2008."
    http://bit.ly/Auok3z
    31 Jan 2012, 05:48 PM Reply Like
  • TangoOscar
    , contributor
    Comments (377) | Send Message
     
    The volume is awful lately. In the past that's been an excellent indicator just prior to a sell off. I'm not so sure anymore with helicopter Ben at the helm.
    31 Jan 2012, 07:41 PM Reply Like
  • ajsmithjr11088
    , contributor
    Comments (156) | Send Message
     
    there is always bull market somewhere you just have to find it to paraphrase jim cramer
    1 Feb 2012, 01:40 AM Reply Like
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