Wednesday, June 12, 2013
CHART OF THE MONTH: NYSE TOTAL VOLUME
The rigged casino we call the stock market has become rigged to the point that we now have certain features never seen before in the history of markets.
The chart above shows a remarkable trait in which we have reached new fantastic highs on collapsing volume.
How is that possible?
Come up with your own explanation.
Mine would be that nobody is participating in this market advance but a few of the largest banks. They get money free from the Government - which is now redundant, because they own the Government thus they are the Government. And they are pushing this thing up unencumbered by the restraints of a free market. They are, in essence, setting prices in a monopolistic way.
Yeah, I know, this is tin foil hat analysis. So you explain how fewer and fewer bids push a free market higher and higher over the course of several years.