Despite a rally of more than 100% off the March 2009 low, it's not hard to find the bears. They are a loud and vocal group, screaming about everything from Europe and Bernanke, to the labor market and the dying consumer. When they talk about the stock market rally, one of the big knocks is that volume has been light. Tough to argue, because it has been. But what stands out about this argument is that it's one we've heard from the bears since mid-2009.
In today's installment of Trader TV (see the video below), Ryan Detrick and I take this issue head on. While Ryan believes we've lost a generation of traders since the financial crisis, I point toward some simple math to explain the slide in volume. Ryan even pulled in our Quantitative Analysis Department to get some quantified data to back it up. Here's a rundown of our discussion:
Global X Social Media ETF (SOCL) Tests Key Chart Levels
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: firstname.lastname@example.org
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.