Captain Capitalism: The Disappearing Volume of the Stock Market:
But ask yourself a question.
"How great of a reason is THE LACK OF VOLATILITY for a stock market rally?"
It once again is another desperate excuse, a desperate reason for stock markets to rally that once again ignores the only two things that should drive a true stock market rally -
1. Increased profits
2. Increased dividends
The fact volume is tanking, leaving a higher percentage of trading in essentially connected firms' hands, AND there has not been the increase in profits to bring the P/E of investments down to a sane level, means this is a rally only for the connected.
You might as well be a man trying to rationalize driving a VW Cabriolet by citing its fuel efficiency."
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