08/26/09 Baltimore, Maryland
Here’s further proof that the market is off its rocker lately. Ladies and gents, the leaders of the new bull market:
Ah yes, worthy foundations of the next leg up. Over the last two days, these four have accounted for 40% of the total trading volume on the NYSE. Forty percent! Call us crazy, but we doubt this is mutual fund volume piling in on behalf of their long-haul clients.
Ian Mathias
Ian Mathias is the managing editor of Agora Financial’s Income Franchise, where he writes and researches about retirement, dividend and fixed income investing. Much of his work is featured in The Daily Reckoning and Lifetime Income Report – Agora Financial’s flagship income investing advisory.
Previously, Ian managed The 5 Min. Forecast, a fun, fast-paced daily look into the future of global markets and macroeconomics. He’s also worked in public relations, where media outlets like Forbes, AP, Yahoo! and MSN Money have syndicated his writing. If he’s not at work, you’ll probably find Ian on a bicycle, racing up and down the “mountains” of Baltimore County. Ian has a BA from Loyola University in Maryland.
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hmmmmm….looks like the gs-bots, ms-bots, db-bots, and jpm-bots have been busy again….
of course who could be surprised with all of those trillions of usd seeping into the equities markets from mbs and treasuries purchases by the fed….
The other shoe is about to fall
I’ve seen this report now at several places, but no one ever explains who is doing this trading and why?