Replies to post #90700 on Zeev's Turnips Patch-No Politics (ZEEV)

[Alchemist]

Regarding the tick,

one big reason we have been having "tick inflation" isn't because people are more emotionally delirious, but because of more and more closed-end funds that are skewing results. There are a lot of closed-end bond funds now, for example.

The high and low range of the NYSE tick has had to be moved up by 150-200 pts over the last few years.

[Joe Stocks]

>>>It just occured to me though, that was back before decimilization. Probably these days if the market is leaning in one direction, it's not that hard to get stocks to move at least a penny, where as you use to have to get them to move a 16th.<<<

I don't see the difference. An uptick is an uptick - a down tick, a down tick. Your conclusion would also imply that volume would have inceased but actually it's now lower.
I have been watching the tick real-time for about 5 years now. Much has changed since 9-11 and the following intervention attempts.

Joe