Consolidated NYSE volume on track for another sub 5b share day

By Peter Boockvar - November 10th, 2009, 3:56PM

To quantify the fall off in volume seen over the past week of trading, assuming current trends persist to day’s end, today will be the 4th day in a row of total consolidated NYSE volume below 5b shares for the first time since mid July. I’m not going to give a technical prediction based on this but the drop off in volume is likely due to Q3 earnings season being basically over, the economic calendar quiet this week, a greater focus on risk control (sometimes by doing less) as we are close to finishing up a good year in stock performance, in nominal terms and a general uncertainty about the state of the world with sluggish economic fundamentals on one hand but free money falling from the sky on the other.

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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 “Consolidated NYSE volume on track for another sub 5b share day”

robrix Says:
November 10th, 2009 at 5:39 pm
Has anybody seen any commentary or analysis linking the drop offs in volumes to the growing use of ‘dark pools’ or other unreported trading mechanisms? Can we have any confidence in reported volume any more?

Thanks in advance to anyone who can point me in the right direction on this.
-robrix