Courtesy of Zerohedge:
Presented with little comment but we thought, given the exuberance surrounding Facebook, ZNGA’s rally, and FFN’s double, that we would point out that the four-week average volume on the NYSE has dropped to levels not seen since, yes you guessed it, 1999.
Pop quiz: What happened in 1999 that is significant? If you guessed the bursting of the dot com bubble, you are correct sir!
The bubble in 2012 is the bond and equity markets.
With such low volume, how does MSM expect anyone to believe that we are truly in “recovery” mode? Because if the US economy truly was recovering, volume (and investment capital) would be flooding the market…Not exiting it.