Some have asked why we don’t incorporate volume into our work. This is why (via WSJ):
In the second quarter, U.S. stock-market volume averaged 6.03 billion shares a day, the lowest level for the period in seven years, according to Credit Suisse Group. Amid the trading slowdown, the S&P 500 is up 7.3% this year.
Money can be made or lost with increasing or declining volume.
