Today's column is about volume and how it matters again. I put a line in there about how the stimulus is not getting the love it got last year, meaning that people are really starting to push back against more. Remember in 2008 when Vlad the Impaler, I mean Treasury Secretary Paulson, was crying that we needed to bail the banks out NOW or the whole system would collapse? We all stood by because it was so outrageous he had to be right.
Do you think that would have a ghost of a chance of passing today? Fuhgeddaboutit. We would not tolerate that now. And that says something about sentiment. No longer do we as a nation, or world, for that matter, think that throwing gobs of cash at the problem is the real answer.
Would you buy stocks if the liquidity pump may dry up? Only if trading volume got a lot beefier with the return of the public.
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