Summary
TURNOVER on the London stock market is in a slump and there are few signs of revival. It is a worry to City traders who are starting to feel the squeeze on profits and bonuses.
Traders will tell you any fool can make money in a bull market. You can even make money in a bear market, but when volume dries up everyone suffers including Harry Hedge Fund. He needs liquidity to move swiftly in and out of trading positions.See the full content of this document
Extract
A Silence That Speaks Volumnes
"Sell in May and go away, return again on St Leger Day" (in September) is one City adage and seems to have been taken to heart by fund managers cautious about short-term prospects for equities. A lot have thrown themselves enthusiast...
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