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Either No One On Wall Street Gives A Crap About The World Cup…

…or there’s so little to do these days that everyone is routinely taking two-hour lunches, anyway.

During the U.S. vs. Germany game from noon through 2 p.m. Eastern Time, some 541 million shares changed hands in NYSE composite volume, according to WSJ Market Data Group. That is just 3% lower than the average move that has taken place during that two-hour time frame on trading days since May 1. The World Cup started in mid-June.

During this afternoon time slot, roughly half of trading days over the past two months have witnessed lower trading activity than what took place on Thursday….

Many market watchers don’t foresee the low-trading environment changing–not until the market gets through the notoriously slow summer months, at least.

Wall Street Trading Is So Dead That Even the World Cup Barely Makes a Dent [WSJ MoneyBeat blog]

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8 Responses to “Either No One On Wall Street Gives A Crap About The World Cup…”

  1. Debbie Downer says:

    No leverage, no volume, no volatility, no trading = no jobs and people who are scared shitless. It's over folks. Enjoy your weekend.

  2. Beerio says:

    I guess the computers are able to multitask efficiently…

    • Square 1 says:

      Good point. Um honey(summer associate) do me a favor. Route all my orders to Barclays dark pool, I'm going to go out and get fucked up with "clients" while I still have a corporate card. Thanks sugartits

  3. Guest says:

    Tradebot doesn't eat lunch.

  4. Bud Fox says:

    Teldar Paper- Did you see what I did there?