Loading ...Reminds me when the first Brits stepped ashore in Australia, they pointed to an animal and asked the locals “what is that thing?” The locals responded with the word for “I can’t understand what you’re saying”. That word is “kangaroo”. Lost in translation, just like every “market” pundit today trying to translate what he learned looking at something for 30 years, when now he’s looking at something entirely different and doesn’t even know it.
No Vol And No Volume – Even The WSJ Questions Equity Melt-Up
It’s encouraging to see that one mainstream media outlet questioning the recent market melt-up which wasn’t just notable for the lack of volatility, but also a severe lack of volume. The new normal seems to be “No vol and no volume”, although we saw a bit of a regime shift today, before the normal reversal.
http://www.zerohedge.com/news/2017-10-19/no-vol-and-no-volume-even-wsj-questions-equity-melt