Jul

11

Like an evil demon the market in the summer has to do much more gyrations and unusual things to keep the natural volume up like it is in 2 million futures a day as it would recede and the infrastructure would go down if it didn't have these things like 2 down opens of 1 1/2 % or so, sort of a record.

Victor Niederhoffer adds:

Today [2011/07/11] the market seems to have visited the low priced service station about 12 times before finding a bargain.


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  1. david on July 11, 2011 10:47 pm

    Let us gather and pray 1301 is a bargain and 2011/08/05 doesn’t bring 9.3 unemployment…………..but being only 200 pts from the high and 600 pts from the low, seems to me the bargains will be found much lower from here……

  2. duncan on July 12, 2011 7:20 am

    Like sweet corn and fresh watermellon, European crisis seems a summer time activity. Perhaps earnings season here will divert attention away from the ephemeral

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