Back to crappy markets. We had our good trading days for about 2 weeks, now we're back to slow grind trading where the bulls ram it up in the first hour and the market goes flat for the rest of the day with a slight upward bias.
After the initial hour shake and bake to the upside, we get the 4 point range snoozer till the close. Better than 2004 - 2006, but still bad. 2005 still goes down as the worst trading market I have ever seen. 2000 and 2008 are very close, although I give the slight edge to 2000. The idiotic action in the dotcoms was like stealing candy from a baby. But 2008 was more volatile and had its great moments.
Ranking the trading markets from 2000 to 2009, from best to worst, it would be as follows:
2000
2008
2001
2002
2007
2003
2009
2004
2006
2005
After the initial hour shake and bake to the upside, we get the 4 point range snoozer till the close. Better than 2004 - 2006, but still bad. 2005 still goes down as the worst trading market I have ever seen. 2000 and 2008 are very close, although I give the slight edge to 2000. The idiotic action in the dotcoms was like stealing candy from a baby. But 2008 was more volatile and had its great moments.
Ranking the trading markets from 2000 to 2009, from best to worst, it would be as follows:
2000
2008
2001
2002
2007
2003
2009
2004
2006
2005