Friday, April 24, 2009
Hussman Funds: Trading Volume Separates Bull Markets from Bear Rallies: "The characteristics of this year's rally are interesting. It's the strongest 5-week rally over the entire data set – even with contracting volume. One positive we can note is that the volume is contracting on this rally less than it contracted in last year's bear-market advance. But the market has also run up strongly on volume that would be unusually weak for a bull market advance of this size."