http://www.cross-cur....net/charts.htm
This latest letter offers an explaination of the increase in volume since the market lows.
Says the current mania is similar to 1928.
"Less than 1 in 4 dollars is invested in stocks based on traditional economic analysis, wereas more than 3 of every 4 dollars are simply traded.
Program trading has increased 120% since the end of 2002.
ETF assets have increased 288%.
ETFs now apparently represent roughly 1 of every 5 dollars traded."
Edited by Rogerdodger, 11 March 2007 - 08:34 PM.