Friday, December 28, 2007
Mixed data + low holiday volume
After news of Bhutto's assassination sparked a rally in gold, crude, and bonds, we saw lower than expected durable goods orders and higher than expected consumer confidence numbers, providing a mixed view of the U.S. economy. Considering the seasonally low volume across all markets (happy holidays!), I must assume that any market movement right now is just noise. I don't know why I'm looking at markets when I should be getting wasted instead!
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1 comment:
i don't think you can read much into volume during the holidays. i also don't think you can say the movements are just noise, either, because clearly some people are still participating - e.g. you are watching (trading?) markets instead of getting wasted, the preferred holiday activity. there are some people like you out there!
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