volume/upcoming big event

June 10, 2009 4:01pm by

NYSE consolidated volume today is on track to be as lackluster as yesterday which, not including any holiday influence, was the slowest since the first trading week of January. What are we waiting for you ask with the S&P having already climbed the mountain of its 200 day moving average? I believe it’s the June 24th FOMC meeting as the direction of the reflation trade will get some guidance from Big Ben. Does he further bless it with a kiss (with more purchases) or does he turn his cheek for the first time and take a step back?

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