Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, January 28, 2011

Alamakkk - Stock Markets Are 'Overpriced': Robert Shiller

Stock markets in the developed world have risen too much, Robert Shiller, economics professor at Yale, told CNBC Thursday.

On Wednesday, the Dow bounced above and below the psychologically-important 12,000 for much of the session. But stocks look expensive, Shiller said.

"I would say the market is overpriced based on fundamentals … I'm talking about the US and probably Europe," he said.

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