The average time in which Americans hold a stock has gone up.It was 20 seconds last year. Now it is 22 seconds.
Michael Hudson, a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund recently said:
Take any stock in the United States. The average time in which you hold a stock is – it’s gone up from 20 seconds to 22 seconds in the last year. Most trades are computerised. Most trades are short-term. The average foreign currency investment lasts – it’s up now to 30 seconds, up from 28 seconds last month. The financial sector is short term, yet they talk as if they’re long term.
See How long does the average share holding last? Just 22 seconds, The Telegraph, 1/19/2012.