All five trading days last week ranked among the ten lowest volume days for the NYSE in 2008. Thursday and Friday were the two lowest days, with Friday taking top honors for the slowest trading day of the year. With even more days off expected on Wall Street this week leading up to the Labor Day holiday, more 2008 low-volume records should be broken. For those that are trading this week, check the spreads before placing market orders. Your normal bids and asks may be sipping margaritas at the beach!
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Monday, August 25, 2008
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