Testy Tuesday – Is There Anybody Out There?

Is there anybody out there? 

Just nod if you can hear me 

Is there anyone home? 

Relax 

I'll need some information first 

Just the basic facts 

Can you show me where it hurts? 

I, have become comfortably numb – Floyd 

Yesterday's volume was the lowest of 2013 – and that includes half-days!

Yesterday's volume was so meaningless that Dave Fry didn't even bother charting most of it.  One meaningful chart we did find, and discussed in our early morning Member Chat was BAC's net of Institutional and Private Client Equity Purchases, which are flashing a signal last seen in late 2011, when the market had a 10% correction – after having a 20% correction earlier in the summer:

As I wrote on Friday – "Fools Rush in Where Fundamentals Fear to Tread" and this chart is an illustration of the Greater Fool Theory in action as professional traders dump their too-hot potatoes on the Retail Sheeple that are now being herded into the top of the market by the Corporate Media.  …