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Old 04-19-2012, 09:48 AM   #1
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DOW Foolishness

So, I watched the DOW jump eighty points on absolutely nothing this a.m. It went from 12,980 to 13,060 in a matter of around eighteen minutes on infinitessimal volume. Nothing is making sense today whatsoever. I see various DOW components bouncing around like a ping-pong ball, but there is no rhyme or reason to any of it. There are no fundamentals any more, just algo traders skimming pennies off in the churn and burn.
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Old 04-19-2012, 09:54 AM   #2
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Bloomberg mentions this AM that volume of late has gone from anemic to pathetic. With no volume, even small trades can push things all over.
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