A Perfectly Stable Market? 18,209 "Mini Crashes" In The Past 5 Years Claim Otherwise

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Tue, 11/30/2010 - 18:24 | 766003 truont
truont's picture

Waddell & Reed Strike Back!

Tue, 11/30/2010 - 18:32 | 766022 High Plains Drifter
High Plains Drifter's picture

Its nice to see the President of the Zerohedge Fan Club , Barry, "two chins"  Rithholtz on Fast Money today.

Tue, 11/30/2010 - 18:31 | 766024 Rainman
Rainman's picture

EZ to splain....18,209 fat fuckin' fingers.

Tue, 11/30/2010 - 19:50 | 766312 Hard1
Hard1's picture

Off course!!! it's an obesity problem, not a market thing

Tue, 11/30/2010 - 18:39 | 766049 unwashedmass
unwashedmass's picture


First thing Mary will do is call Waddell and tell them to STOP IT!!!!

or she's going to be angry.....and threaten to write you a letter......and stamp her feet!

Tue, 11/30/2010 - 18:42 | 766057 max2205
max2205's picture

I got stopped out on some of these. Where Are those class action lawyers?

Tue, 11/30/2010 - 18:59 | 766117 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

The class action suit will come one day.  The lawyers will take all the cash and you will be compensated with 3 free trades

Tue, 11/30/2010 - 18:45 | 766066 Gubbmint Cheese
Gubbmint Cheese's picture

pretty simple - the chart above simply shows that there was a medium sized earthquake in San Fran at approx 1:25pm...



Tue, 11/30/2010 - 18:55 | 766097 trav7777
trav7777's picture

safe?  LOL

I have trader friends who I've been trading in collaboration with for a few years now who say that online sports gambling on NFL teams is safer than this shit.

the ONLY way it appears to make winning trades in this market is to B&H yield plays in energy and pipelines or to go long the absolute worst, most counterintuitive stocks that you could think of.

Tue, 11/30/2010 - 18:59 | 766118 BaboonAss
BaboonAss's picture

I would like to believe that some of the folks over at the SEC do read ZH and are familiar with the work of Nanex (tranny porn site addict SEC employees excluded, of course).

I would also like to believe that some of them actually believe in the stated mission of their organization: "The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation."

So please, Lord, tell me that some of them are saying to themselves, "Yeah, we know shit is really fucked up right now, but we can't really say that on the record because then we will have a complete once-in-a-thousand years collapse. We know in our heart of hearts that free, fair, and open markets, that favor no one participant over any other are actually the core of the most free and fair economic system possible and what we have now has deviated horribly far from that course. So we have been working mightily behind the scenes with new regulations, processes and procedures that will be imposed on financial institutions and their stakeholders, and we have freshly signed indictments with teams of attorneys prosecution-ready. We just need a little more time, like a few more days."

That's what they're really saying, right?



Tue, 11/30/2010 - 21:22 | 766264 Cdad
Cdad's picture

Ummmm...probably not.  Currently, M. Shapiro is taking comments from the criminal syndicate known as Wall Street to better help her understand which SEC laws she should not enforce for fear that it would cut into said criminal syndicate's bonus pool.

I suspect M. Shapiro is much more concerned about protecting the rights of dark pools to manipulate that shit out of stocks prior to the opening bell...and after the closing bell...as can most clearly be seen on SPY tonight after hours where there is a SPY candle party going on that, probably, does not bode well for any sorry Average Joe who did any fundamental analysis last night before he purchased the instrument designed to match the performance of the S&P 500....LOL!  But who cares about him.

After all, and right now, the price action on TIF is very important for continued momentum on the NYSE, and ANN and JWN and such.

So you ought sit the fuck down, serf, and stop making porno jokes directed at people that are likely almost entirely incapable of working the interweb or the google machine.  They are busy taking comments right now.

'nough said.

Tue, 11/30/2010 - 19:07 | 766158 FatFingered
FatFingered's picture

Wow!  Good work.

Tue, 11/30/2010 - 22:52 | 766233 fuu
fuu's picture

Are we going to get a Q2 flash crash pdf in the future?


edit: sorry I asked that before checking out the downloads. Is it ok to animate these?

Tue, 11/30/2010 - 19:40 | 766273 RobotTrader
RobotTrader's picture

Funny how retail stocks are totally unfazed from:

- Flash crashes

- Imploding Europe

- China tightening

- Inflation vs. deflation debates

- Worst unemployment in a generation

- Collapsing housing market

One of the best performing sectors is women's clothing, like this one:


Enjoy the show...




Tue, 11/30/2010 - 19:51 | 766313 prophet
prophet's picture

Lingerie and handbags have a better return than that darn index hugging mutual fund I've been married to for too long.

Tue, 11/30/2010 - 19:43 | 766284 anonnn
anonnn's picture

TD pls explain acronyms in references heading, for readability.

E.g. FASB is elaborated, but the more arcane Reg NMS is not.

From Wiki:

Regulation National Market System is a regulation promulgated and described by the United States Securities and Exchange Commission (SEC) as "a series of initiatives designed to modernize and strengthen the national market system for equity securities." 

Tue, 11/30/2010 - 19:48 | 766304 prophet
prophet's picture

The retail participant is rebalancing.  They have been "overweight" US equities for years and that started to change after the turn of the century.  As noted in a prior post over 90% of net fund inflows in 2006 went into emerging markets.  The dislocations in the markets jars more people loose from their over allocation to US equities.

Outrageous behavior, outrage, outflow.       

Tue, 11/30/2010 - 19:54 | 766324 threefingerscam
threefingerscam's picture

Excellent work. By these regular traces in the charts, one can't miss there is something funny (fraudulent) going on. But maybe the SEC will wave it away with.....<sarc> the definition of normal is repeating something 18 thousand times </sarc>.

Blood sucking bedbugs leave traces and also really hard to get rid of.


Tue, 11/30/2010 - 20:12 | 766374 erik
erik's picture

Australian manufacturing index contracts for 3rd month in a row.  More evidence of losing the battle to de-value currency, as Aussie dollar was rampaging in Sept/Oct.


Tue, 11/30/2010 - 20:57 | 766459 omi
omi's picture

You're basicly trying to approximate a VIX chart, VIX chart is prettier.

Tue, 11/30/2010 - 21:03 | 766472 erik
erik's picture

Chinese manufacturing PMI beat at 55.7 versus 54.8 expectations.

Wed, 12/01/2010 - 01:37 | 767094 NewThor
NewThor's picture

When the Global Economy follows demonic fundamentals, Nostradamus

is the best economist to follow. 

"To the great one of Ceramon-agora,
The crusaders will all be attached by rank,
The long-lasting Opium and Mandrake,
The "Raugon" will be released on the third of October."

century: 9, quatrain: 62




"The chief of London through the realm of America,
The Isle of Scotland will be tried by frost:
King and "Reb" will face an Antichrist so false,
That he will place them in the conflict all together."

century: 10, quatrain: 66

Frost = Credit Freeze. 

Nero in command.

global currency war 


Ladies and Gentlemen, I've given you all the pieces of the puzzle.

It is up to you to put it all together.

God Bless everyone.

Heaven Help us all.


Wed, 12/01/2010 - 05:58 | 767308 Diidier
Diidier's picture

There is a correlation between the first pangs of the subprime crisis and and surge of up and down movements (august 2007) and a correlation between the Lehman Brothers affairs and another surge in those (let's say it politely) curious movements (september 2008). This chart shows us vultures on the loose and it's "legal".

And I'm supposed to believe in the markets. I do prefer believing in Santa Claus, in Pellucidar or life on the moon. Those are much more credible.

Wed, 12/01/2010 - 10:10 | 767506 rcaldwell00
rcaldwell00's picture

This REG NMS...genius....Hey Duncan and Larry, Thanks this monstrosity you have created sucks

Wed, 12/01/2010 - 13:39 | 768520 bbaez
bbaez's picture

Is that the plunge protection team at work or manipulations by heavy weights

Heavy weights have to earn one way or another since they can not pump and dump or trash then cash anymore

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