Thursday, August 29, 2013

Stay on Vacation - You're Not Missing Anything

source: Zerohedge

 The last week of August has traditionally been quiet.  But this year has been unusually subdued.

August U.S. equity trading volumes are at 16 year low, while corporate debt issuance has declined to levels not seen in five years.   Even viewership of financial news programs such as Fast Money and Mad Money has plunged to record lows:

CNBC Nielsen August_1
source: Zerohedge

Whether all of this activity - or lack thereof - is of any significance is hard to say.

But it does suggest that we shouldn't read too much in any market activity when volumes and interest are so light.