Another up day, another down volume day. On the bright side, however, internals are quite strong. 2:1 advancers/decliners, and 72% upside volume. Unfortunately, total volume is unlikely to breach 1B shares today at the NYSE. Traders clearly lack conviction heading into tomorrow’s jobs number. Also on the positive side is the AIG action. This bankrupt $2 stock continues to drag the market around by the nose….*
* Dripping sarcasm should be noted.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.