Even as major indexes like the Dow , Standard & Poor's 500 and Nasdaq reach post-financial crisis highs, they are doing so without the participation of mom-and-pop investors, who have been unabated in pulling money out of the stock market and putting it into low-yielding bonds, which have long been perceived as a safer and decidedly less glamorous choice.
At some point the question, then, has to be asked: Is the stock market dead?
Sure, dead may be an alarmist's exaggeration, but it's difficult not to worry about the health of an entity that has seen the life sapped of it since the onset of the financial crisis in 2008 , a trend that has accelerated since the vaunted Flash Crash of two years ago.
Market volume is off fully 25 percent since electronic trading gizmos went berserk on May 6, 2010, sending the Dow plunging nearly a thousand points in a few minutes. Yet if you ask market insiders, most will wince when asked if the Flash Crash has led to the decrease in New York Stock Exchange trading activity and a coinciding escalation of public skepticism about the doings of Wall Street.
Darst, though, knows there's something out there.
He is a guest most Fridays on CNBC's " Closing Bell " show, trading market observations in a key far more reserved than the animated show he put on for the SALT crowd.Page 2 of 5 | Prev Page | Next Page