The Federal Reserve members must be shaking their heads when they look at the current trading volumes in the stock market. For example, today the SPDR S&P 500 Trust (NYSEARCA:SPY) is trading just 23 million shares as of 11:00 am EST. The average trading volume for the SPY in the month of November 2013 is just 104 million shares a day. Last year at this time the SPY averaged 144 million shares traded per day. Now in all fairness, last year the stock market came under some distribution in the first half of November. It should be noted that when the stock market declines the trading volume will usually increase, that did occur last year. But either way, when you consider all of the new issues in the stock market the trading volume is terrible for time of year.
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