Despite rising prices, stock trading still depressed
Past rebounds occurred quicker
Even though U.S. stocks have doubled in price over the past three years, investors and traders large and small are stubbornly avoiding the market. Trading in the United States has not only failed to recover since the 2008 financial crisis, it has continued to fall each of the past three years and in the first four months of 2012. In April, the average number of total daily trades in U.S. stocks on all venues stood at nearly half of its peak in 2008: 6.5 billion compared with 12.1 billion, according to data from Credit Suisse Trading Strategy.