Monday, June 29, 2009
I get tired or reporting this because it is becoming almost normal despite how abnormal it really is. 1.3 million futures contracts traded today. Remember on jam job Thursday 1.35 million traded by 11:15 a.m. In the cash market we had 1.065 billion shares trade. Like watching paint dry. No one is interested at buying at these levels but to sell doesn't make much sense either since any downward pressure will be jammed higher. So another day and another drift higher.