On Monday, August 13, 2012 the NYSE experienced the lowest non-holiday trading volume in almost a decade (thanks Zero Hedge.) Our favorite fear indicator the VIX (volatility index) fell to an almost 5 year low as well.
Why is this happening?
While many, including ourselves are on vacation (but happily remained tethered), and the month of August is normally a month of The Hampton’s refuge by Wall Street types, these events transpire annually and are not unusual for comparison purposes, as such this does not explain all for us. Our belief is that our world has become, at least for the moment, so consumed by our European counterparts, that we have slowed dramatically since many across our friendly pond take the month of August as Holiday.
Of course no one knows for certain, and anyone can run with a thesis, we like ours the best.
Source: Zero Hedge
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