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Tyler Durden's picture


Nothing to see here. That was merely the command for the algos to close the market over 1,150 in binary (32 bit - this particular SPARC still has not upgraded to Windows 7 Media Edition, 64 bit) . Move along.


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Fri, 03/12/2010 - 17:02 | 263648 SV
SV's picture


Fri, 03/12/2010 - 17:08 | 263664 SV
SV's picture

1149.99 - LOL!!

Tyler, they do this to mock your post - you know that right?

Fri, 03/12/2010 - 17:23 | 263668 Cognitive Dissonance
Cognitive Dissonance's picture

To those who desperately wish to believe there is no manipulation, the closing at 1249.99 is proof, PROOF dammit, that there's no manipulation.

Now Dorothy, close your eyes, click your heels three times and repeat after me. There is no manipulation. There is no manipulation. There is no manipulation.


Fri, 03/12/2010 - 17:37 | 263680 Anonymous
Anonymous's picture

It seems to me that most ZH posters and commentators agree that there is stock market manipulation. The presumed manipulator being Treserve.

What does it mean when an upscale (relative to the rest of the country, not relative to Greenwich, CT) stock market participant audience understands that this deceit is a regular practice?

My personal view is that Treserve is buying its own Tbonds in a large way and has been doing so for at least a year. I view this as a sign that the American Empire has entered a period of collapse with that collapse gaining speed.

Fri, 03/12/2010 - 19:04 | 263790 B9K9
B9K9's picture

There's a reason a lot of long-time posters have signed off - this sucker is going down, so what's the use in contemplating one's navel? Now is the time to be an ant, not a grasshopper, so it would behoove those wise enough to discern the truth that now is the time to prepare.

The fractional-reserve debt-based fiat system was designed to fail from the beginning - the law of exponential math dictates this reality. The only thing that allowed it to last this long were two things: (a) a series of destructive world-wars that necessitated massive capital re-building; and (b) more importantly, copious reserves of precious non-bodily fluids in which to power this activity.

The multi-trillions (quadrillions?) in unpayable principal+interest sovereign debt is still out there compounding away at anywhere from 1-5% per annum. Global income is not, and CANNOT, keeping pace at this exponential rate simply because of finite resource constraints. Leverage and other types of end-of-the-line tricks that were deployed to milk the last possible returns have turned negative, ushering in a period of prolonged deflation.

The game is up - it's all over except for the crying.

Fri, 03/12/2010 - 17:48 | 263696 Crummy
Crummy's picture

Then what's to be said about the close at 666?

The answer is: D. All of the above and below...

Fri, 03/12/2010 - 20:21 | 263873 Howard_Beale
Howard_Beale's picture

It touched 666---didn't close there.

Sat, 03/13/2010 - 12:02 | 264319 Anonymous
Anonymous's picture

What does it mean when my clock touches 11:11?

Does it mean my wish will come true Tyler?


Sat, 03/13/2010 - 16:23 | 264473 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

As a freshman in H.S. I witnessed a group of (popular) girls getting excited, and preparing for something.  I asked one what they were getting all hyped up about.  She said it was almost 11:11.  I said, "so?" and she replied, "If you make a wish at 11:11, it will come true!"  She gathered back with her gaggle, and they all started confirming that within seconds it would be time.  All of a sudden, their flustered clucking ceased and they were silent for about ten seconds.  All of a sudden one after another began to give excited shouts of glee, laughter and frolicking ensued, and they began to rework themselves around the cafeteria.

It may be hard to believe, but yes, the oligarchs have a maturity level of 14 year old girls.

Fri, 03/12/2010 - 18:34 | 263751 Missing_Link
Missing_Link's picture

while (1)


   printf( "There is no manipulation." );



Fri, 03/12/2010 - 18:46 | 263765 SV
SV's picture

Sure there are no inputs in that Snicker function?

Fri, 03/12/2010 - 21:54 | 263957 Anonymous
Anonymous's picture

I miss working in C...many fond memories.

Fri, 03/12/2010 - 18:39 | 263757 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

She can do what she wants; "it's gotta be the shoes!"

Sat, 03/13/2010 - 01:58 | 264143 Dehrow
Dehrow's picture

Oh man, those are some "Extra Long," shorts.

Fri, 03/12/2010 - 17:02 | 263650 carbonmutant
carbonmutant's picture

My bot can beat your bot.

Fri, 03/12/2010 - 17:03 | 263652 E pluribus unum
E pluribus unum's picture

triple digit PE ratios are the "new normal"

Fri, 03/12/2010 - 17:06 | 263658 Gubbmint Cheese
Gubbmint Cheese's picture

101000101011011101111n = f.u. goldman

Fri, 03/12/2010 - 17:45 | 263690 CrazyCooter
CrazyCooter's picture

Actually, i translates into "×-KI" if you speak ASCII, although I suppose there are many ways to look at the same bits.

Fri, 03/12/2010 - 18:43 | 263761 Anonymous
Anonymous's picture

I knew I wasn't the only one who put it into a binary translator


Fri, 03/12/2010 - 20:29 | 263878 Anonymous
Anonymous's picture

Correct - Tyler is just giving a hint

Toward the end it looks like this (@6min in)
Your welcome

Fri, 03/12/2010 - 17:07 | 263659 Cognitive Dissonance
Cognitive Dissonance's picture

Oops, some slippage back to 1049.98. That's called plausible deniability.

Around and around she goes, where she stops nobody knows..............except the algos.

Fri, 03/12/2010 - 17:07 | 263662 Strom
Strom's picture

Looks like the machines took off early today - couldn't quite make 1150...

Close enough, though. That 3:30 ramp was fun to watch.

Fri, 03/12/2010 - 17:12 | 263669 RobotTrader
RobotTrader's picture

No doubt, a mad rush to buy Bras and Panties this week...


Fri, 03/12/2010 - 17:35 | 263679 bugs_
bugs_'s picture

Big endian or little endian?

Fri, 03/12/2010 - 19:38 | 263825 Careless Whisper
Careless Whisper's picture

Friday. 3 PM. Dull market. Hey that's perfect for a 50 million share GE ramp in to the close.


Sat, 03/13/2010 - 15:02 | 264414 bingaling
bingaling's picture

How you doin?

Fri, 03/12/2010 - 17:13 | 263670 HelluvaEngineer
HelluvaEngineer's picture

Damn floating point arithmetic!

Fri, 03/12/2010 - 17:17 | 263673 RobotTrader
RobotTrader's picture

New highs on Vornado....



Fri, 03/12/2010 - 20:27 | 263876 Howard_Beale
Howard_Beale's picture



1. a localized, violently destructive REIT occurring over stripmalls, other CRE, esp. in the Middle West, and characterized by a long, funnel-shaped cloud extending toward the ground and made visible by wealth destruction to shareholders and debtholders alike in a downturn near you.
Fri, 03/12/2010 - 23:45 | 264073 Rusty Shorts
Rusty Shorts's picture

High Point baby !!

Fri, 03/12/2010 - 17:20 | 263676 Racer
Racer's picture

She just gave birth to a new laptop... named Algernon..

Fri, 03/12/2010 - 19:25 | 263817 nonclaim
nonclaim's picture


Fri, 03/12/2010 - 20:32 | 263881 Hulk
Hulk's picture

She lost her flower for Algernon?

Sat, 03/13/2010 - 23:19 | 264746 Anonymous
Anonymous's picture

I want to smell that keyboard.

Fri, 03/12/2010 - 17:23 | 263677 Anonymous
Anonymous's picture

Do not steal trading programs that can manipulate the market from Goldman Sachs. Heavens, such a program could be used to manipulate the markets. Goldman Sachs would never do that themselves.

Do not use Repo-105 to lie about your balance sheet. Goldman Sachs does not do that. Lehman Brothers did that. Please don't confuse the two. Goldman Sachs would never do anything that might resemble lying.

Let the word go forth.

Fri, 03/12/2010 - 19:05 | 263795 Anonymous
Anonymous's picture

GS just skipped December month in earnings reports, the month they short sold the world.

Fri, 03/12/2010 - 17:26 | 263678 Sancho Ponzi
Sancho Ponzi's picture

OT: Excess reserves are almost exactly equal to the MBS debt on the Fed's balance sheet. Since nothing constructive is being done with all that cash, why not create a couple debits and credits to offload the toxic MBS waste at 100 cents on the dollar to the very thieves who are mostly responsible for this debacle? The Fed can sit on the cash and unwind at its leisure, and the banks find themselves the proud, new owners of trillions of MBS trash backed by millions of McMansions.

Fri, 03/12/2010 - 17:49 | 263698 Anonymous
Anonymous's picture

It's just one big Repo105 program for the banks. Who was providing the temporary liquidity for Lehman's shenanigans?

Fri, 03/12/2010 - 17:51 | 263701 crosey
crosey's picture

Now is that a nice thing to do to those who "are doing God's work"?

Fri, 03/12/2010 - 17:38 | 263682 Anonymous
Anonymous's picture

Apparently "they" can also shut down your web servers anytime you get snippy.

Fri, 03/12/2010 - 17:41 | 263685 waterdog
waterdog's picture

bad code, last two digits should have been 10.

Fri, 03/12/2010 - 17:45 | 263689 Waterfallsparkles
Waterfallsparkles's picture

That is because the S&P has been up for 10 days straight.  I guess they do not want to make it to obvious with 11 up days in a row.  So, now it broke its 10 day winning streak by .25.

What I keep thinking is that if they can control the Market to this kind of precision then they must have had a hand in the Market meltdown in September of 2008.  To be able to buy their competitors for Pennies on the dollar hurting all investors.

Fri, 03/12/2010 - 17:59 | 263716 Anonymous
Anonymous's picture

In 2008 they shorted there own stock as well as other banks. They were causing the "bank raids" that they complained about so much. They knew the stock prices of the survivors would double and tripple in price after the storm passed. Quite possibly, bid up with the illciet profits they made shorting bank stocks. Its a no brainer.

Fri, 03/12/2010 - 17:50 | 263700 Anonymous
Anonymous's picture

Wow, you are catching on. You are a little slow in doing so. It's simple, The stock market is controlled by computers. Us shorts are doomed because there are no shorts. The machine destroyed every human element of the market. The market will go up because that's the way the computer is programmed.

Fri, 03/12/2010 - 17:51 | 263703 BorisTheBlade
BorisTheBlade's picture

it should be 10001111110

Fri, 03/12/2010 - 17:51 | 263704 Ned Zeppelin
Ned Zeppelin's picture

The slow, tepid volume, "creeping up" is a whole heck of a lot easier for the Fed to engineer than stopping the "stampede down," the inevitable end of all this silliness.   

Fri, 03/12/2010 - 18:05 | 263720 deadhead
deadhead's picture


i love when smarmy, smug academic phucknuts like Bernanke think that they can change historical certainties that have developed over thousands of  years.

that's why if we have a major, ugly type of event, that will be the excuse to pin everything on.

I can already hear it: "the economy was great and just about recovered then along came ______________________ to wreck it all."



Fri, 03/12/2010 - 18:21 | 263736 Anonymouse
Anonymouse's picture

along came ___snow_______________ to wreck it all."

Fri, 03/12/2010 - 18:50 | 263778 cougar_w
cougar_w's picture

along came ___ZeroHedge______ to wreck it all."

Fri, 03/12/2010 - 20:31 | 263879 Howard_Beale
Howard_Beale's picture

silly rabbits....."along came____ a multicountry sovereign debt crisis___ to wreck it all"

Sat, 03/13/2010 - 00:04 | 264081 Rusty Shorts
Rusty Shorts's picture

yeah.....stupid earthquakes_________shit"__.

Fri, 03/12/2010 - 20:36 | 263889 tip e. canoe
Sat, 03/13/2010 - 02:14 | 264147 Dehrow
Dehrow's picture

along came ____Japanese_Whale_Hunters____ to wreck it all."

Fri, 03/12/2010 - 17:53 | 263706 Anonymous
Anonymous's picture

tyler you shouldnt post such things, you are close but not that close to understand..

Fri, 03/12/2010 - 21:50 | 263950 Howard_Beale
Howard_Beale's picture

Get an avatar or speak fucking english.

Fri, 03/12/2010 - 23:12 | 264041 Rusty Shorts
Rusty Shorts's picture


Fri, 03/12/2010 - 17:59 | 263714 Anonymous
Anonymous's picture

I'm still thinking they will have a negative week - just to throw the bulls off during opx. All recent opx weeks have been bullish. You can certainly make the case and think it is a given, but, my contrarian view thinks they aren't going to do it again. We shall see.

Fri, 03/12/2010 - 17:59 | 263715 RobotTrader
RobotTrader's picture

Quicksilver surfer girls were rocking today....

Fri, 03/12/2010 - 18:06 | 263722 deadhead
deadhead's picture

admit it're a stock market person that would rather be in fashion design.  

Fri, 03/12/2010 - 18:30 | 263745 Sancho Ponzi
Sancho Ponzi's picture

I think I saw him on 'Project Runway' last night. 

Fri, 03/12/2010 - 20:33 | 263886 Howard_Beale
Howard_Beale's picture

Well there's only one straight guy left and he is definitely not Robo....

Robo just wants to get inside the fashion. Literally.

Fri, 03/12/2010 - 18:20 | 263717 Anonymouse
Anonymouse's picture

The world is quite different ever since

The robotic uprising of the late nineties....

Digital solo:





Fri, 03/12/2010 - 18:13 | 263728 Don Smith
Don Smith's picture

Don't you get it?  The market is cheap!  It closed today at the low low price of $1,149.99!  Not even $1150!  What a bargain! Buy, buy, buy!

Fri, 03/12/2010 - 20:16 | 263773 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Too bad that it is not a joke, it is the truth.

Fri, 03/12/2010 - 18:14 | 263729 Anonymous
Anonymous's picture

I'm totally confused? Binary 11010111001011010100101101001001 is 3,610,069,833 not 1,150?

Fri, 03/12/2010 - 19:15 | 263805 tenaciousj
tenaciousj's picture

its a prediction of where it is going.

when do we get to order our "S&P 3,610,069,833" t-shirts?

Fri, 03/12/2010 - 18:14 | 263730 Anonymous
Anonymous's picture

I always mistake how stupid the masses are. On an educated forum one would have already seen the question, "Who's accountable when the computers crash the markets?"

How convenient to "always blame the computers for lousy accounting"

Fri, 03/12/2010 - 18:53 | 263784 cougar_w
cougar_w's picture

"Who's accountable when the computers crash the markets?"

The 22yo programmer. In India. Who lives in a slum.

I know the guy. This is gonna ruin his life.

Fri, 03/12/2010 - 21:05 | 263890 Howard_Beale
Howard_Beale's picture

Hey you Maine Coon cat avatar--computers were blamed in 1987--of course that's why we had all those max point drop time-outs for you youngsters that weren't around then. And then they weren't needed after all....and whaddayabet they come back in the next 18 months? I'm good for $100.

Fri, 03/12/2010 - 18:18 | 263732 cougar_w
cougar_w's picture

There are only 10 kinds of equities trader: those that understand binary and those that don't.

I know, old joke. I still like it.

Fri, 03/12/2010 - 18:32 | 263747 Cognitive Dissonance
Cognitive Dissonance's picture


That jokes dates you for saying it and myself for understanding it.

Fri, 03/12/2010 - 19:25 | 263815 Anonymous
Anonymous's picture

How about "Never trust anyone who can count to 1024 with their fingers"...

Fri, 03/12/2010 - 23:36 | 264062 BobPaulson
BobPaulson's picture

I'll say, because you can only get to 1023 (1111111111) with 10 (0000001010) fingers.


Fri, 03/12/2010 - 20:37 | 263891 Howard_Beale
Howard_Beale's picture

I already accused him of being a baby...then I saw your!

Fri, 03/12/2010 - 21:58 | 263960 cougar_w
cougar_w's picture

It's Okay. Young-at-heart, but old enough to remember when the PDP 11/70 was teh hotness down at the physics department. Keppen der hands in der pokkets unt vatch der Blinkkennlights.

Fri, 03/12/2010 - 19:28 | 263819 hambone
hambone's picture

ZH'ers, this is the George Castanza stock market (think Seinfeld).  George has an episode where he realizes he's better off to do exactly the opposite of what he believes.  The results are great.  Now apply this approach to the market.  Do your research, figure out exactly the macro and micro trends...and then invest exactly to the opposite.  You will kill it.  Really, try it.  It's actually working well.

Fri, 03/12/2010 - 20:37 | 263892 Howard_Beale
Howard_Beale's picture

Where's Art Vandaley--he should be all over this post.

Fri, 03/12/2010 - 20:01 | 263855 BlackBeard
BlackBeard's picture

This shit is so diseased right now that I'm actually going to feel good when it all comes crashing down. Sigh..I had a big tall glass of cynicism this morning.

Fri, 03/12/2010 - 20:41 | 263895 Howard_Beale
Howard_Beale's picture

I just had a big tall glass of wine...and I'm starting to feel just a bit better. Not about the market or anything--just got royally screwed on a head on crash lawsuit (I was the injured), and my doctors are completely out of sync and might I add just plain stupid---so here's to all my friends at ZH. HB is gonna get a bit toasted tonight and will not be held accountable for some of what he might say. Time to eat so I don't fall asleep in an hour.

I'll be back...(in Ahhhrnold voice).

Fri, 03/12/2010 - 20:31 | 263880 Gimp
Gimp's picture

Market may flatline for 4-5 years due to careful government manipulation. When it does crash it will be severe unless they unplug everything which is possible.

Fri, 03/12/2010 - 22:00 | 263964 cougar_w
cougar_w's picture

"Unplug everything first" is what they are buying the time to do.

For values of "everything" that overlap with the set of shit you are gonna miss when it's gone, bruth'a.

Fri, 03/12/2010 - 20:44 | 263900 Anonymous
Anonymous's picture

When playing with algos 4-5 years is a very long time. It is very much like playing with Molotov cocktails.

Fri, 03/12/2010 - 21:16 | 263924 JR
JR's picture

Karl Denninger today:

We have two warnings on the board in financials.

First, Discover said it is boosting reserves and expects to loss 22 cents, which is a significant deterioration from the 9 cent profit previously expected.

Second, Charles Schwab warned that its first quarter profits will fall short as trading fell 14% despite the fact that it lowered fees significantly for its consumer accounts.

also from Denninger:

The Lehman Report on which I wrote last night regarding deeply troubling issues surrounding the Lehman Bankruptcy, has laid bare some very ugly facts relating to our financial system, corporate governance, and our government's active complicity not only in the Lehman collapse, but in ongoing balance sheet shenanigans and the current investment picture.

The conclusions I am forced to reach, after much reflection and sleeping on this article overnight, are not pretty.

They compel me to advise that, in my opinion, the market is now trading both technically and on a fundamental basis, exactly as the Nasdaq was in 1999.

I recognize this is a serious charge and has implications that are most unpleasant, in that it implies a probable detonation ahead at some time in the next year - one that will not only destroy all of the gains made since March of last year but go beyond that - indeed, perhaps as far as the banner on The Market Ticker has for the major indices.

The technicals of the last month leave no doubt what's going on - the market is moving in a parabolic upward fashion, exactly as was the case for the Nasdaq in '99, and indeed, we are approaching the sort of gains in the broad market that Nasdaq saw in 1999. (chart)

Not only did the entire ramp in 1999 disappear, more than another 50% was lost beyond that.

The seriousness of this cannot be overstated.  Anyone who bought into the start of the decline in 2000 was wiped out by doubling into a decline that took a literal 85% off the NDX from the peak.  Worse, today, nearly a decade later, we remain more than 50% below the peak valuation that the NDX reached.

The Nasdaq is not alone in this behavior.  The Nikkei 225 reached 38.957 in 1989.  Today it trades around 10,000 - a nearly 75% loss from it's all-time highs, and despite 20 years it has not healed.

An analytical look at history says that when markets rise on fraudulent accounting and false claims - that is, the booking of asset values that is fictional, the claim of profits that were never really made, the hiding of losses off-balance sheet - the losses, when they come, are not recovered for a generation or more

Fri, 03/12/2010 - 22:08 | 263969 cougar_w
cougar_w's picture

Denninger is putting words around a feeling I've been having for a while now. "Detonate" is exactly the way I describe the inflection point.

It goes slowly and then it goes all at once. And a 85% loss feels about right for this one. That's how you burn through 30 years of speculation; fast and deep until nothing is left to burn.

Sat, 03/13/2010 - 08:19 | 264198 wackyquacker
wackyquacker's picture

well said. A good 35,000 ft, oops....38,957 ft synopsis. Thanks.

Fri, 03/12/2010 - 21:32 | 263935 Anonymous
Fri, 03/12/2010 - 22:15 | 263977 Pound Of Flesh
Pound Of Flesh's picture

SPX closes at 1149.99

Flip the last three digits upside down and you get:


* 666 signaled the original Buy in March 2009

699.09 was the high of that day

if you add up

1 + 1 + 4 + 9 + 9 + 9 = 33

and 3 + 3 = 6 !!!



1149.99........I one for satan

move last number in front of the first.......Sept, 11

put the 4 infront of the number.......411 for for satan

......just sayin'


Fri, 03/12/2010 - 22:31 | 263994 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It must be horrifyingly boring to have so much wealth (wealth=freetime) that time spent creating numerology is time well spent.

Sat, 03/13/2010 - 01:32 | 264130 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I fucking LOVE GETTING JUNKED!!!!!!!  Especially when it is on such simple subjects as numerology.  What else can I get junked on? 

How the hip hop community is controlled by the Master Masons.  All pop music, media, etc....

False flags....9/11, 7/7, OKC, IRS vs. Stack (it is in the cards, and you are in THEIR HOUSE), Underwear Bomber, Northwoods, Ton Kin, Kennedy/Kennedy/MLK jr., etc, etc....

Chinese Opium Wars.  Connecticut was nothing without their boat, the 'cutter'.  The leading families in the trade were the Russells, Forbeses, Roosevelts.  Scull and Bones, as well as the other prominent secret societies of the collegiate establishments, were funded on drug money. 

The bonds of the Civil War were sold by the House of Morgan and the House of Delino.  The main reason to fight the war was to establish the 14th amendment.  The 14th amendment established the beginning of the rise of the corporations.

Rotheschildes and the other Royal/Regal/RE'AL families of Europe.

The Bush family tree.

Karl Rove's grandfather was a governor of Alemania during WWI.  Brzezinski's father worked for the Nazi's.

Nasa's first scientists were ironic.

The C.I.A. was created by a combination of men from the Nazi party, and Scull and Bones.

Disney has 3 6's in his signature.  Minnie Mouse is a symbol for Isis.  Mickey Mouse's initials also.....

The Mushahadeen was armed by Zbigniew Brzezinski.  Ziggy worked at Columbia while BO was there.  BO's first job out of college was with Kissenger Associates.  Ziggy and Kissinger are the two (credited) front-men for the NWO. 

TRUTH is stranger than fiction.

PS, I junked this post out of respect for those who have not been woken up.  Please join me and do the same. 

Sat, 03/13/2010 - 19:16 | 264611 Anonymous
Anonymous's picture

He's right about the music industry being controlled by the money.

And who is the money?

You know who the money is.

Ain't it strange how most of the original Lynyrd Skynyrd died in a plane crash. Cuz songs like 'Gimme back my bullets' ain't exactly well loved by the NWO crowd.


Sat, 03/13/2010 - 08:05 | 264195 wackyquacker
wackyquacker's picture

you forgot to carry the one and drop the 4 way back up on line 43. Blows your whole thesis.

Fri, 03/12/2010 - 23:04 | 264034 yabs
yabs's picture


I agree to a point and in theory yes

but if the ONLY big players are in the market then who is left to sell

to create the implosion? As Tony Caldero says this is now a managed market

Fri, 03/12/2010 - 23:39 | 264066 JR
JR's picture

I see your point, yabs, but...

IMO, there’s not enough of a club to keep these people together when the danger gets greater and greater.  It’s like saying a storm is coming and everybody’s just going to sit there.  Eventually, somebody heads for the door.  And then everybody heads for the door.

Say you’re an investment manager of pension funds, you’ve got million of shares to deal with. And you’re going to trust Jamie Dimon?  A hurricane’s coming and you’re going to sit there and wait for Jamie?  I don’t think so.

Not speaking for cougar, of course; just the way I see it.

Sat, 03/13/2010 - 00:04 | 264089 cougar_w
cougar_w's picture

If it is managed to that degree then it is already not a market, and therefor detonated a year ago this month. The prices are entirely fictive now and only programs are trading them. That is not a market either.

Here is how I think it plays out: The final and factual detonation will happen when one of the Big Play'az decides to exit for good, cashing their chips and leaving the casino. The algos will have a response to any major exit and turn on their "end game" subroutines and sell to each other all the way down, skimming pennies as they go and devouring any mere humans left in the trade. Make no mistake, there is serious coin to be made on the way down just as there was on the way up. And the humans will fork over a windfall profit to the machines in the process, thinking they understand what is happening and that there will be a tomorrow. Only there won't be. And that will signal the end of the equities market as it was known for 500 years.

Sat, 03/13/2010 - 01:28 | 264132 Tethys
Tethys's picture

So if I understand you correctly...


Fri, 03/12/2010 - 23:37 | 264063 Anonymous
Anonymous's picture

Word from HelluvaEngineer. Thanks to Zero Hedge.

10001110101 -

Sat, 03/13/2010 - 10:50 | 264281 alexdg
alexdg's picture

Play the tape, follow the momentum and keep your trailing stops close by. 

If QE and MBS purchasing isn't fading any time soon, why shouldn't the market rise? Why shouldn't you make money off of it? No one is telling you to go long and hold. 

Sat, 03/13/2010 - 15:08 | 264421 bingaling
bingaling's picture

Actually it is the newest Repo number being used to extend and pretend

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mark456's picture

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