Saturday, June 27, 2009

Huge Volume and No Progress

the Wilshire 5000 index had the 10th highest volume day ever on Friday, yet the total trading range on the day was less than 100 points, barely one-third the longer-term average.

the big volume seem to have been centered in smaller Nasdaq stocks, which is an area of the universe I rarely tread. if anyone has an idea what's up, let me Know.