All or Nothing Days

From Bespoke Investment Group, another "all or nothing day": 

"This is getting to be more common than uncommon. With a net daily advance/decline (A/D) reading of 484 today, the S&P 500 had its 60th all or nothing day of the year, and is now on pace for 69 all or nothing days in 2011. For those unfamiliar with the term, an all or nothing day occurs when the net daily a/d reading of the S&P 500 is +/- 400 or more. Of the 84 trading days since the start of August, 43 of them have been all or nothing days."

My comment:  It looks like we are going to have another one of these today.  This is the modern reality I think.  Money simply wants into these markets or it wants out.  Decisions are made before the opening now and at the close.  On Monday the market had a plus 2% move at the open and never came in.  If you wanted to buy this market, you had to do it last Friday right before the close.  This binary type market is driving traders nuts but longer term investors should just accept it for what it is and learn to live with it just as we are having to learn to live with higher volatility.

Link:  Another All or Nothing Day.

*Long ETFs related to the S&P 500 in client and personal accounts.