Problem is, this is starting to look like a lot of other summers when there is very low volume and the market rallies. Lets be serious, there is absolutely no fundamental reason why the mkt bounced so much in July/early Aug. Fridays payroll report showed that. The market is going up on no volume. In the past when this has happened, the volume has returned after labor day and they clobbered the market. I hope I am wrong and the dow goes to 15k, but when the real trading starts again in Sept, it might get very ugly. Low volume rallies are known to fail miserably.
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08-08-2010, 01:03 PM
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