More & More & More Investors Stay Low...

Yes, the NYSE marked yet another new 2008 trading volume low today even though Durable goods orders rose 1.3%. Those few traders in the market who bought into this news caused significant gains across the board due to the low trading interest. It is obvious that investors are really scared of how the masses would react to tomorrow's GDP numbers (see economic calendar) and decided to stay low. In fact, today's gain of nearly 90 points in the Dow did nothing to change the short term neutral trend that it is now in.