From: dvdw© 11/12/2008 6:50:06 AM
of 2763
A decade low number of pubic companies showing activity is reached in the last week. 3,171 companies is a decade low since the steady decline began in March 2000 when 4947 companies were trading daily.
Less companies in this case equals less stock, and yet, more gross daily sum volume(excluding SIP companies)points to the levels of phantom injection.
10-Nov 3,171
7-Nov 3,171
6-Nov 3,174
5-Nov 3,174
4-Nov 3,175
3-Nov 3,184
31-Oct 3,184
The next data series for the previous week, illustrates the disconnects we see every day. These market volumes are larger than the average days trade for the period of March 2000, when 4947 companies had stock trading.
30-Oct 3186 2,528,630,334
29-Oct 3186 2,788,791,154
28-Oct 3187 2,852,852,890
27-Oct 3187 2,278,327,511
24-Oct 3187 2,694,065,955
23-Oct 3189 3,201,345,367
22-Oct 3192 2,623,579,365
these metrics are only the tip of a proverbial iceberg.....where we can properly characterize ;
Price as the artifact of prevailing systems intent.
Your understanding of these gross imbalances, is further strengthened when you break down potential volumes to the levels of Free Floats...both at the portfolio and gross market level.
its embarrassing really.....when you think about it.
the phantom shares in this market can reasonably be traced to broker dealer operations and practice, in service to customers willing to pay for time on a clock, with respect to a stock.
time sharing inventory..
imagine that. |
