Market too good for too long

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Smug, Smirk and Sneer were in top form as they discussed the surprising drop in stock market trading...

Smug, Smirk and Sneer were in top form as they discussed the surprising drop in stock market trading. Smug: "In 25 of the past 27 days, the number of shares traded on the New York Stock Exchange has been less than the average of 1,023,700 for the last three months. What's up?'' Smirk: "Well, of course, it was good that volume declined when stocks were falling, as they did through most of April and May. Brokers' phones weren't lighting up with calls from investors eager to sell - which would have pushed prices even lower." Sneer: "Low volume isn't so good, however, with the market recover...

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