Author Topic: The Dow's up but trades are scarce, worrying bulls  (Read 418 times)

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Offline NHSparky

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The Dow's up but trades are scarce, worrying bulls
« on: April 11, 2010, 01:17:35 PM »
The Dow's up but trades are scarce, worrying bulls

(c) AP-MyWayNews
Apr 9, 5:18 PM (ET)
By BERNARD CONDON

LINK

(excerpt)

NEW YORK (AP) - Think Dow 11,000 is a big deal? Think again.

The Dow Jones industrial average briefly hit the milestone Friday for the first time in 18 months before closing at 10,997.

But Wall Street analysts who study key stock index levels say all the attention paid to 11,000 is more like a big distraction. They worry that investors are ignoring another number at their peril: The surprisingly low volume of trading. As stocks have risen over the past year, the volume reflects the vulnerability of a rally riding on the shoulders of relatively few participants.

And that's given pause even to the bulls.

"It worries a lot of us," says Wellington Shields' Frank Gretz, a technical analyst who specializes in pinpointing market levels at which stocks might suddenly rise or fall. He wonders whether the volume signals that the rally could soon peter out, like the big surges that preceded steep declines in the 1930s in the U.S. and in Japan more recently.

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Volume down 25 percent over a year ago.  But keeping the foolish investors in the market, or worse still, pulling in more people to create another stock bubble, could spell REAL doom for the markets and the economy.
“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline zeitgeist

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Re: The Dow's up but trades are scarce, worrying bulls
« Reply #1 on: April 12, 2010, 10:43:48 AM »
This is a pump n dump post.

Quote

AT THE CLOSING BELL WHEN BUSH TOOK OFFICE
January 22, 2001

Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.

AT THE CLOSING BELL ON January 16, 2008

Dow... 12,466.16 -34.95 (-0.28%)
Nasdaq... 2,394.59 -23.00 (-0.95%)
S&P 500... 1,373.20 -7.75 (-0.56%)
oil  January 11, 2008 $92.69

We report, you decide. :fuelfire:

Should one a man of wisdom meet
who points out faults and gives reproof,
who lays a hidden treasure bare,
with such a sage should one consort.
Consorting so is one enriched
and never in decline.