Wall Street Strategies submits:The lack of volume speaks volumes, but what is it saying? Volume is used as a measure of conviction but the fact is that this magnificent rally has occurred on a complete lack of conviction. It doesn't mean the rally is smoke and mirrors, and it doesn't change the great fortunes of those that have participated. But I wouldn't argue with anyone that says the rally is suspect. This rally is suspect, and that is where the volume comes in as a measuring tool. The economy continues to slump as the powers that be don't appear to have a clue. At the end of recent recessions the stock market continued to falter and the recoveries occurred at a faster pace back then. In addition to punk job growth the chorus for massive declines in commercial real estate grows each day. Complete Story »
Lack of 'Oomph' Masks Market's Slow March Higher
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