The Other 44 Percent Is Really Bernanke's Jerk Off Hand
As I already clearly stated, there are no investors left, just HFT robots getting jerked off by the Fed. If I wanted to see that I'd cash my paycheck in dollar bills and head to the Lusty Lady.
CNBC, however, needs to point out that volume is light. Don't worry, that recovery should be here any day now, just keep jerking...
Volume was lighter than normal for August, and so far it is also lighter than normal for September. How much lighter? In the first 5 trading days, September consolidated trading volume at the NYSE was down 31 percent compared to the same period last year. August volume was also 31 percent below the same period last year.
Why? Look at who does the trading:
1 ) High frequency traders are 56 percent of all trades. This includes proprietary trading shops, market makers, and high-frequency trading hedge funds, according to Tabb Group. But as volume and volatility drops, this group gets less opportunity to profit from the statistical arbitrage trades most of them do.
You can almost hear the fapfapfap every time you look at a damn chart, careful not to get any in your eye.