The blogosphere has been discussing these historically low trading volumes for months. It’s about time the MSM started paying attention.
The authors are following the MSM narrative that investors “are waiting on the sidelines for policy action.” The real problem is that regular people are leaving the market in droves, because they no longer perceive it as fair. Outflows from equity mutual funds continue unabated, and people have stopped buying and selling stocks as the data shows.
People will not return to the market until it is reformed.