MARKET COMMENT
Dave Fry’s ETF Digest, August 10, 2009
Read entire Market Comment here.
Sure, investors are fatigued and it’s August, a time when volume typically grinds lower. It does provide “stick save” opportunities for those who can and today was no different for Da Boyz.
Volume did fall off a cliff today but let’s just remember Da Boyz are on holiday, sort of, but the HAL 9000s have no such luxury. A few privates have been left behind to push whatever doodads HAL instructs. It’s almost like autopilot.
Breadth was a push basically so there isn’t much to glean from it one way or another.
There was this article about the VIX in Bloomberg today suggesting a September sell-off. Why not? It’s happened plenty of times before.
