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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.
All things being equal, the simplest answer is quite often the correct answer - Occam
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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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