What normal person really wants to dive into Wall Street today? Unless you have lots of money to burn and are an expert - and it's pretty clear there are few experts even in the industry - this is a market to be avoided like the plague. Today the NYSE CEO spoke about the market being all about traders as opposed to normal investors. For Wall Street and the broader economy's sake, Obama needs to get people investing again but that might have to wait until people feel comfortable about everything else. CNBC:
Wall Street's stunning six-week rally has been fed more by traders looking to take advantage of quick swings in the market than investors with a long-term view, NYSE Euronext CEO Duncan Niederauer told CNBC.
Because of that, the rally likely is to run out of steam as low volume eventually comes back to the bite the market, he said.
"It feels to me we're in a trader's market and not an investor's market," Niederauer said in a live interview from the exchange floor.
