Some truth out of CNBC? Can it be?

Quote:

But the answer may be simpler than this. After two vicious bear markets in a decade, the average investor simply doesn’t trust this market anymore.

“There is no fresh money going into the markets,” said Doug Kass of Seabreeze Partners. “Why should we be surprised the retail investor is not there? We’ve had two huge drawdowns in stocks since 2000, a flash crash two years ago and real incomes are stagnating.”

Quote:

Some investors blame financial regulation for the poor volume, saying it has restricted trading activity by the major banks. But others believe the banks — and their hand in causing the worst financial crisis since the Great Depression — are ultimately to blame.

“The financial industry has placed itself above the investing public ("muppets") and will take every advantage it can secure,” said Alan Newman, author of the Crosscurrents financial newsletter. “The public's confidence has been shattered, possibly beyond repair.”

http://www.cnbc.com/id/47005811

Quote:

Some investors blame financial regulation for the poor volume, saying it has restricted trading activity by the major banks.

Comedy channel?


oh....CNBC, ok.

Some pretty low volume today for the SPY and the QQQ.

Some 18.9M shares of the XLF have traded thus far--zoinks!

Quote:

“The public's confidence has been shattered, possibly beyond repair.”

[bull****]
Absolute complete BS and bunk....

MY confidence is running at peak 100% performance!

I am 100% confident that the "financial industry" has established the "market" as a great shakedown machine using HFT systems and fraudulent marketing practices to steal the wealth of the investing and saving public "muppets".

Many investors (including myself) got tired of meaningless volatility and anticipation of doom, hence no "animal spirits". However, we are doing so much better than Europe and Asia. We are just 11% from the all time high in SP500. Check out where Europe is...in the doldrums. Are we going to get where Europe is right now? If so, we might bottom in 300-500 area eventually, although it is hard to believe right now. I want to add that low volume is typical for bear markets-see 1929-1932.

Near future headline:
"Stocks Reach New Highs Today -- Nobody Bought Stocks Today"

Many here stopped trading, and we are hard core. When it's a rigged casino, best play is not to.

double down pussies

In case you were wondering...
CAMBRIDGE, MA—A study released Thursday by researchers at Harvard University's Department of Psychology has found that the simple act of pretending one's life is not a complete shambles threatening to collapse at any moment works. "Even when everything is coming apart at the seams and disaster is almost certainly imminent, putting up a good front for friends and loved ones makes everything better," said Professor Christine Wanamaker, who explained that smiling a lot and evasive answers were usually enough to get by. "Tell everyone that things are fine, and they will be fine. Just don't over-think it." When asked about her study's methodology, Wanamaker said the research was rock-solid, had been looked over by a bunch of scientists, and definitely wasn't anything to worry about.

Even more interesting to me than the low volume is that it's accompanied by extremely low average trade size. That means more and more big boys are stepping back from the market.

The only thing doing well in my portfolio, is cash. But it doesn't feel good sitting in the bank at 1/2% interest. I come from a stock-holding and stock trading family but none of us are "in the market" to any extent anymore. It really sucks , but you can't beat the crooked casino

This week we've hit the lowest NYSE volume since 1995, according to BBTV.

13.7M shares of the XLF traded thus far today--zoinks again!

Via The Big Picture, Dick Arms on the subject of this low, low volume and that low, low .VIX:

http://www.ritholtz.com/blog/2012/08/the....

is it not a coincidence that trading volume is disappearing at the same time court rulings are coming down that segregated funds are essentially fair game to be stolen?

Ben wrote..

Many here stopped trading, and we are hard core. When it's a rigged casino, best play is not to.

A strange game, Professor Falken...the only winning move is not to play.

http://www.zerohedge.com/news/volume-cra....

Quote:

NYSE volume plunged - almost unbelievably to be frank - to its lowest non-holiday-trading day volume in over a decade. Intraday ranges remain tiny and average trade size unremarkable as ES is still suffering from the post-Knight slashing in volume (down 45%!!).

http://blogs.wsj.com/marketbeat/2012/08/....

Quote:

For one, July’s total average volume of 6.2 billion shares traded a day was the lowest since June 2007, according to Ana Avramovic at Credit Cruisse. Perhaps even more eye opening is how “decidedly back-loaded” some of the volume patterns have become this summer, on both a weekly and daily basis.

Since Memorial Day, daily volume has been higher on Thursdays and Fridays than during the first three days of the trading week. On a daily basis, a flurry of activity is typically picking up toward the end of a trading session.

“Intraday volumes have become so concentrated at the end of the day that nearly 10% of the day’s volume happens in the last 10 minutes now,” Avramovic says.

Charts at the link

Same place all the TF posts have gone. Sub 600 today? What is that 12 per state? I think I just saw a tumbleweed blow by.

Stopped? Hardly! I been working my ass off.

BAC, C, and JPM were very much on the low side volume-wise today.