Friday's Rally Didn't Have to Happen
We're seeing lots of grousing about Friday's big rally: It was a day off; it was a shortened session; it was on light volume.
None of this means anything to me any longer. The market has been trading on light volume forever. But if you are an underperforming hedge fund manager, you can't tell your investors, "Look, that benchmark moved up on light volume." You can't tell them, "That session that causes the market to go up so much? I mean, it was a half-day, for heaven's sake."...360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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