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Compare And Contrast: SEC-Approved Vs Normal Markets
Spot the two SEC-endorsed differences in the attached chart. And repeat after us: it is all Waddell and Reed's fault.
h/t Nolsgrad
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"it is all Waddell and Reed's fault"
I am not a shill...
http://www.youtube.com/watch?v=nZ7CuUfH8wo
prayfortruejustice 14 hours ago
Bwaaha ha ha -- My favorite quote from 2010 is from Bart Chilton ! ".. more specific than? I anticipated..." LMFAO ROTFL
http://www.youtube.com/watch?v=Sl2zi3khUFI
Financial terrorists from the Fed zapped the market that day to keep Bernie Sanders and the rest of the Senate in line regarding the "Audit the Fed" bill that was on the floor that day.
Ya and it will be a terrifying thing next time it happens for the 12 people who still have 401k's.
They'll then have 201Ks.
Think you need a decimal and a couple of zeros before that number.
You are right on...
Bernie Sanders and Dennis Kucinich both changed their votes and gutted the HR1207. Instead, they passed a limited audit which targets TARP and TALF. Even so, the Fed Reserve is now challenging the limited audit in Federal court, lost and is expected to appeal to the U.S Supreme Court
They flip-flopped cosponsorship for the goodies they got - just like Sander's waited till he was offered enough pork before he said he would vote for Obamacare.
Round up the Usual Suspects.
Based upon what the SEC told us, the usual suspects are fat "digital" fingers.
Also known as HFT computers led by Waddell and Reed, aka "The BIG LIE".
It would all be terribly hilarious if these dark players and their machines didn't have the world by the balls.
Thank God for Zero Hedge.
While the effort of the regulator in telling the story about the infamous May 2010 stock market 'flash crash' has to be applauded, it leaves the reader with no clear message about what is being done to prevent a similar debacle taking place in the future. The amount of selling unleashed by the presumed perpetrator - Waddell & Reed Financial, courtesy Barclays Capital - is not particularly large given the stupendous amounts of money managed today's 'fiduciaries' on behalf of the investing public. $4.1 billion can easily be mustered by literally hundreds of players - especially given the amount of leverage that is available in the derivative markets. So while we may accept that the flash crash was simply due to inept trading execution we are left with a sneaking suspicion that other 'investors' with a more ruthless killing instinct may just set off the next crash on purpose in order to cash in during the ensuing panic. A similar mechanism was at work in the 2007-2009 credit crunch when speculators drove down the indices in the derivative market for mortgage and asset-backed securities. This created a 'death spiral' in the market for these assets which contributed to the near-collapse of the global banking system. Ironically, 'investors' who were prominent in that game and in some cases made billions out of this dislocation are still feted as heroes by the financial markets and assorted cheerleaders in the financial media.
"While the effort of the regulator in telling the story about the infamous May 2010 stock market 'flash crash' has to be applauded, it leaves the reader with no clear message about what is being done to prevent a similar debacle taking place in the future."
Uhhhh, nothing. Yeah, that's it. Nothing.
Waddel Reed was a factor in this. But what they did was very much in the normal order of transactions. They were hedging a portion of their actual holdings. The amount was small in proportion to their net position. The amount they did should not have destabilized the market as it did.
Conclusion: The liquidity in the market is not sufficient to handle normal volumes. We have seen this weekly with individual issues and now an ETF.
Question: If you were an institutional investor with $5+b of stocks do you own the shares or do the shares own you?
Risk can not be created or destroyed. It can only be transfered. Or it used to be transferable. Not so much any more.
The shares own you. It's made your bed lie in it time.
http://www.google.com/finance?q=lqd
Was there a dividend calculated based on the price directly AFTER the drop?
The action in LQD is downright fucking scary.. esp for someone using it an alternative to an MMF in brokerage acct
I bet dollars to donuts that someone forgot to have
if( Stock_state(LQD) == XDIV && UST_spread_correlation(LQD) == In-range ){ Dont_panic()
}else
{pull_bids_and_run()
}
in their HFT algo
I'm pretty sure that in the latest builds, method
Dont_panic()
has been deprecated in favor of
OMFG_Shhhhhhh!()
only if the dividend was 10+bucks per share.
I know that some of you definitely do, but does the general investing audience not get it at this point - You are being gamed.
It is utterly and totally faked and without any type of merit at this point, there is no more illusion, it is a sick joke.
Right now, I am not sure there is a movement to uncover this as there is an entire industry trying to figure out how to possibly trade through it. If you can make money, make it, because until the back breaks there is no possible way to know when the hit will actually hit the fan. You can make calls on abysmal data all day but if the market keeps pushing on then at some point your calls will be understood as vain.
I aint buy'n nuttin. It's all a scam.
Now wait just a moment. Which service did you get those off of and how did the chart get scrubbed like that? Is sounds like it is the feed from the exchange that did the scrubbing. Anyway what this means is that all your charts based on exchange data are hereinafter unreliable.
this came from think or swim. www.tos.com
I just hacked of the two retarded candles in volume and manually set the scale on the right hand chart.
Tyler: What does your post, and the enigmatic screen pix, actually mean?
Lol, Tyler that is too funny. Markets really are a joke.
Tyler, off-topic but this fool has been crapping all over your website commenting on old threads.
Can someone nuke user herry12? I'm getting sick of the spam.
Thank you.
And for those who asked, the removal of the price spikes are the primary difference in the chart, which is then rescaled without the ridiculous HFT mini-crash trades. I remember when charts didn't look like a seismograph. *Sigh*
This nonsense is happening in many different financial instruments...
This nonsense is happening in many different financial instruments...
tyler why are you not confident whith the market's authority ?
I reed the explainations it's not completly impossible they sell 75000 SE mini contract in 20 mn or imagine 62,5 contracts each second at the market during 20 mn. I'm sure if monday someone make the same thing it will make the same effect. Try if you have the money to do that you will see the result
If the left side of the screen shows what I think it does, that was a very fat finger, tied to a beaver tail, chasing a black swan. Weird. That's why I don't trade, I don't have the firepower. Good get. How do you do that?
If Waddell and Reed is the new Lee Harvey Oswald, where does this conspiracy take us?
it is all Waddell and Reed's fault.
The longer this goes on the more faith I have in the 9/11 truthers. Covering this up is taking a coordinated effort of literally thousands of people. Building what?
silwer vrous!!!!!
The idea that this mutual fund is responsible for nearly causing a complete meltdown is a farce that defies description
Updated GOLD monthly chart:
http://stockmarket618.wordpress.com
To what extent do dark pools and scheduled crossing sessions contribute to (or gain from) these flash crashes?
So it was roughly 1.3M sell stops blown out by the LQD drop, who picked up these shares at 101.25 and has a tidy $10 gain in 1 minute?
Is this "Who" also on the buy side of AAPL's mini-flash crash and the other FC's since May?
And it is interesting that 101.25 is a 9.9% drop from 112.41, no?