volume/upcoming big event

By Peter Boockvar - June 10th, 2009, 4:01PM

NYSE consolidated volume today is on track to be as lackluster as yesterday which, not including any holiday influence, was the slowest since the first trading week of January. What are we waiting for you ask with the S&P having already climbed the mountain of its 200 day moving average? I believe it’s the June 24th FOMC meeting as the direction of the reflation trade will get some guidance from Big Ben. Does he further bless it with a kiss (with more purchases) or does he turn his cheek for the first time and take a step back?

PERMALINK
Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “volume/upcoming big event”

andydufresne Says:
June 11th, 2009 at 1:16 am
That Leeb guy that was being an ahole on Bloomberg TV today during your discussion is a fraud. Knows nothing about the gold market and actively harvests Mark Faber and the rest of the bulls — only when they are bullish — and tends to steal the discussion to make himself look knowledgeable. Blew $ 100 million out of the $200 he used to manage to prove to himself that the market will come back. Come back it did, somewhat, but the money is gone. Napoleon-sized inferiority complex, maybe bigger…