From $102 To $0.01 In Under One Second

Tyler Durden's picture

Today's Flash Smash visualization in the stock of Enstar is brought to you by Nanex: from $102 to $0.01 in just under a second. But fear not: William O'Brien, the CEO of Direct Edge, made infamous by
Zero Hedge through the whole Flash trading frontrunning scandal, says
"the most egregious aspects of the Flash Crash, such as a stock trading
at $39 and then going to 1 penny and back up to $38 in a matter of
minutes, can't happen again with the progress made the last year". Behold progress...

And the full clip of William O'Brien in all his predictive glory.

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Ancona's picture

But....but.....the HFT guys bring liquidity to the market.

tmosley's picture

Too much liquidity.  That stock just succumbed to alcohol poisoning, like a fraternity pledge on a bender.

TruthInSunshine's picture


Actual Unemployment Rate = 22% (see John Williams SGS *Shadow Government Statistics* alternative unemployment rate reflecting methodology that includes "long-term discouraged workers" that the Bureau of Labor Statistics in 1994 under the Clinton Administration redefined away from those considered "unemployed."

Real Inflation Rate = 8.8% Annualized (with a head of steam baked into the cake to possibly accelerate this significantly by Q3)

Government Net Transfer Payments = 51% of U.S. Population

1 out of 7 Americans on SNAP (aka Food Stamps)

U.S. Deficit (Annual Revenues - Expenditures) = -1.9 Trillion

U.S. Debt = Officially stated as 15 Trillion as of 2011 (actual is 56 Trillion to 202 Trillion; reference David M. Walker & Laurence Kotlikoff) - U.S. Is Bankrupt

U.S. Government Spending as % Component of U.S. GDP at Present = Approx. 1.6% (so if GDP is stated as 3.2%, U.S. 'Organic' GDP is only rising at 1.6%)

Approximate % of GDP Growth that is Nominal & Attributable to Inflation = 1.1% (so that 'Organic' 1.6% Growth in GDP is closer to 0.5% - not enough to stop further job losses and close to the point whereby we could start contracting again very soon)


You're Doing A Heckuva' Job, Bernank! (crushing consumption and organic economic & job growth while ratcheting inflation higher, all in one fell swoop)

Fish Gone Bad's picture

In times like these I remember, "Stocks trade like real money, until they don't".  LMFAO

Thomas's picture

As one of you guys said, we need to start making decks of cards with Wall Streeters' faces on them.

Drag Racer's picture

I would fold evey hand just to not look at them. Of course that would increase my chances of winning as well with that deck...

Pegasus Muse's picture

we need to start making decks of cards with Wall Streeters' faces on them

Oh, you mean like those card decks they issue to troops in Iraq/Afghanistan that have enemy pictures on them.  They call 'em HVT's --- High Value Targets. 

YHC-FTSE's picture


Good stats and links. I think the impending QE3 rules out -ve growth in the short term - that's why Bersnakey is doing it after all - to keep USS Titanic afloat until the SS Californian, PRC Carpathia or even IMF Samson pop along to pick up the load.

randocalrissian's picture

the HFT guys bring liquidity to the backside of your midsection.



firstdivision's picture

HFT liquidity to the market is as Peter North's liquidity to girls faces.

ugmug's picture

You've been peeking at Bin Laden's porn stash again...


DeadFred's picture

GS just sent a reminder shot across SEC's bow. They've now been pulled off the case. Message: we own you, so don't mess with us!

Rynak's picture

Who needs nuclear weapons anymore anyways....

Xibalba's picture


suldog's picture

Looks like the SPX near the end of June

gkm's picture

From minutes to seconds, I'd say that is progress.

Re-Discovery's picture

Didn't happen.  You're seeing things.  (Get the Matrix police out here, NOW!!)

Whizbang's picture

unless you have subsecond charting, this never happened, it's not shown on my charts anywhere.


Also, for fuck's sake tyler, having resolve stain fighter ads blast out my speaker at work is not helping my drive towards partner. if your going to autospam us with ads at least have them muted...

GoatETF's picture

+1, neither does S---bucks shooting out my nose from reading your posts.

Rick64's picture

It showed up on TOS on a 15" chart.

Goofy Bastard's picture

Benjamin Graham's "Mr. Market" is clearly off of his meds

cowdiddly's picture

Patience my fellow buzzards. There will be thousands of cigar butt stocks soon enough.

RobotTrader's picture

Looks like Uncle Gorilla is testing the "Flash Crash Simulator" on some obscure stocks.

Later, they will used it at the COMEX and NYMEX and AMEX to deliberately crash commodity prices and send "Anti-Dollar" and "Inflation Theme" macro funds into the poorhouse.

MSJChE's picture

Hope so.  I'd be able to default the Comex myself.  That would be fun.  :)

SheepDog-One's picture

'Obscure stock'...OH you mean its not a retail assless jeans or $75 hand towel stock.

GoinFawr's picture

++ I guess some things will just never go out of style.

Trillax's picture

Goddamnit Sheep, I about choked on my bagel from that and shot coffee out of my nose unto my brand new friggin' LCD monitor you bastard!

+100 ;)

Hephasteus's picture

Is uncle gorilla being a fuck up pretending he knows what he's doing?

SWRichmond's picture


Tyler, some of the ads on ZH now are the self-launching videos that include audio with the volume of course all the way up.  Lose them or lose traffic.  Choose.

unky's picture

use firefox with no-script extention, no commercials at all...

Abitdodgie's picture

How fucking annoying is that

Gunther's picture

Adblock plus with Firefox will fix that; you can use pre-defined filter lists or create your own.

Race Car Driver's picture

Why wait for someone else to do something for you? Use Firefox with Ad Block Plus (ABP) - no ads.

Hacked Economy's picture

I got one too, but as soon as I heard the audio and figured out what was happening, I simply closed the entire window (which means I didn't read the article or comments).

I'll seriously consider donating to this site, as I've been here for a while now and find it worthwhile to stay.  But PLEEEZ ditch the audio ads!

You won't lose me as a reader, but you will (as Richmond said above) lose my traffic on those pages.

snakeboat's picture

Give first, suggestions second.  This site deserves much support.

bmwm395's picture

Just click on some adds now and again.

tmosley's picture

Make it so that donators can turn off ads.  That will likely bring in more revenue than the ads ever would.

Rynak's picture

Regardless of this, audio ads are about the most disgusting thing ever done in web advertizing... its even worse than layered popups that cover the entire window (which is disgusting too).... i doubt that tyler actually wants those ads (the advertizer just sneaked them in).... still, now that it is known, they should go away for everyone... no website admin who knowingly allows this stuff, deserves the ad income... and this is also what will happen: Either this type of ads go away, or the people make them go away themselves, or the people go away - none of those outcomes involve ad income, so there is no point in keeping such ads.

Cognitive Dissonance's picture

Behold progress...

Progress is good.....right?

At least that's what my minders keeping telling me.

Rynak's picture

There is no point in increasing the speed, when you're driving in the wrong direction.

So much for "progress" which nowadays is just a fancy term for "change". See obama.... he certainly brought you "change", right?

Dr. Engali's picture

How in the hell do you find these things?


magis00's picture

aren't we all tipsters?  2 eyes to see x 1,000,000