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Rampjob - Fail
Bad algo. Go in that XOR gate (in retrospect, with this market, this should actually be a NOT gate) and stay there for 1 trillion co-located CPU cycles. In other news, the volume in the last minute was 50% above normal, hitting 44k contracts in 60 seconds. Good thing the circus rang the closing bell for the Nasdaq or else people might take this market seriously.
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LMAO.
Instant classic ZH.
If a graph could be an ad for Cialis, this would probably be it.
You weren't kidding.
bahaha!
http://www.nasdaq.com/marketsite/marketsite-events-detail.aspx?fn=201007...
Check out the toe in the fourth pic..
As an unrelated note, strangely the male clown seems to be wearing oversized Burberry trousers. I guess they couldn't use just any old off-the-shelf plaid.
this dewd is on for next week
http://thecustomercollective.com/ClientFiles/a8485398-bee1-4bd9-b294-683...
but why is everyone complaining? they worked hard from 1pm to 3:50pm to engineer that suckers rally. you think that's easy? they're entitled to tank the market and reap the benefits of their hard work.
Needed to sucker the weak shorts into closing their positions, but still not be left holding the bag long for Tuesday. Classic, one of the best closes I've ever seen.
looks like the market... a joke...
bad algo bad algo i said AUDJPY not EURJPY dam!
ya i think starting 15 to close you can just go ahead and post this....
Good on you Tyler, didn't send them to NOP hell with no JUMP.
- Ned
If I were Bernie Madoff I would demand my release, or threaten to hire hitmen for Benny and co. He goes to jail for the exact same fraud being committed by Benny and his GS cronies, but their theft is considered legal. Only in America!
No, no, no. You've got it all wrong!
Madoff's funds didn't actually buy anything. That's why he's in jail. If his fund had actually played ball, helped prop up prices, participated in the melt-up -- any form of "playing ball" -- he would have been propped up, bailed out and molly-coddled.
But Madoff didn't buy equities. So there was no plunge risk to "liquidating" his non-positions. Once there's no price risk to closing you out, that's when the orange jump suit arrives.
It's not too different from the axis-of-evil effect. Iraq: no nukes=>get invaded. DPRK: have nukes=>No, don't get up! We'll deliver your aid package for you. Can't imagine why Iran wants to run some centrifuges.
Once there's no price risk to closing you out, that's when the orange jump suit arrives.
+1000 Give that man a cigar. Make it a Blunt, in fact!
"He goes to jail for the exact same fraud being committed by Benny and his GS cronies, but their theft is considered legal."
I second.
And the motion carries.
Slimy tentacle slipped off the buy button?
People have been saying for a few days, "watch for something really special over the weekend", so maybe someone took that to heart and made a hasty exit at profit.
You can bring a fund manager to the kool-aid, but you can't make 'em drink.
It's all obfuscation anyway; trying to jam the market to make people feel better? This is no way to run a country.
Tyler, pure genius. Best comedy post since inception of ZH.
No denying the Head and Shoulders top is in. Next stop is 95, then 87. Have a good weekend everyone.
...and the VIX drops
yeah... i dont get the vix. seems like weird time to drop vol... with troop mobilization around the pg and charts breaking down, seems like going into the weekend long would be prudent.
VIX had a gap to fill: http://www.chart.nu/chart?ticker=VIX&m_start=9&y_start=2009&filter=21
Better to do it now than later.
Other reasons to suppress Vol:
1) Do not get people all worked up in front of a 3 day weekend.
2) Makes for better Put entries by Da Boyz before Black Tuesday/Wednesday/Thursday.
3) Confuse the bears and help encourage the bulls to buy the dip, before springing the late bull trap in the last 6 minutes or so.
Has recently said that these are fair and honest markets?
Bad Algo! ...No Internet Trani-Porn for YOU!
Hey, HEY! Let's be reasonable for Christ sake. They didn't murder anyone. The tranny porn STAYS!
Bad sign when the combined all-out manipulation gang bang of the swiss and the fed and their beloved big bank trading desks cant prevent a down day. The swiss gave it hell, not being neutral when it comes to helping the feds agenda.
PPT must have bought some of that counterfeit Chinese Viagra, as it didn't hold up into the close. Bulls now will go into the weekend feeling like a woman whose partner lost the wind in his sail just at the critical moment. Ben and Tim just don't find them attractive enough to finish the job. The shame!
I didn't see your comment before I posted mine above...yours is better. But I'll leave mine there anyway. h/t
even algo's slip out early on holliday weekends to beat the rif raff out to the hamptons
I love being called rif raff. I stayed at the Ritz-Carlton once and was called that very word by a poser.
The one thing to learn in life is all is not as it seems. You could be standing right next to a millionaire and think he is a bum off the street. :-)
Poseur.
That was a good one!!
A collective sigh... And let the drinking and amnesia begin.
!!!!!Breaking News!!!!!
Back from the Future
Tuesday July 5 2010: Reuters:
We are told by inside sources that the President sequestered Messers Bernanke, Summers, Geithner, Dodd, Frank, Reid and Pelosi and others to forego their 4th of July weekend to hammer out a plan to combat the failing economy.
The details are sketchy but it appears that some sort of deal to has been reached to extend some of the programmes that clearly worked acording to our sources. We think that they might be referring to:
1. Extending Home Buyers Credit
2. Reinstating aid for those unemployed for more thatn 26 weeks
3. Direct paycheck to all families
4. Buying back more MBS
5. Mandating banks to not foreclose indefinitely
6. Funnelling some more funds to the banks
7. Also, using clandestine means (so that Tyler cannot catch them) to funnel some money to the PIIGS
It is learned that the WH will be holding a press conference at 8.30 AM. The futures overnight had broken through 1000 on the S&P and have now traded back and pared losses. We will keep you updated.
-Staff Reporter-
Reposting since the party moved from the previous thread.
I demand my free unicorn for conducting business with this outfit...LOL.
Come on! You think Obama is going to give up his 36 holes each of the next 3 days to worry about the economy?
8. Gifts $2 Billion to al.gore.ythem.s solar pals:
http://www.google.com/hostednews/ap/article/ALeqM5jy6s4th2AWz2wvrF9UGpJs3t_WxgD9GNJBC82
Reminds me of that credit score commercial with the folks whose credit scores are running around in furry number form, like dogs. http://www.youtube.com/watch?v=CdY4dtewURQ
I my mind, I see a spoof of a spoof, with similar furry HFT algos running around the floor of the NYSE and various trading rooms. When well behaved, they are nuzzling the traders, wagging their "tails", etc. When not so well behaved, they are leaving puddles that folks slip on, terrorizing and attacking traders, and chewing on cabling and monitors.
I like this credit score commercial better....
http://www.youtube.com/watch?v=gnkMmUsi4Gc
"...can't get within 15 feet of a tramp stamp..."
Reminds me of the Bill Gates/Steve Ballmer ad spoof with the Apple or Sun Sparc (?) computer in the back of the hatchback.
I'm thinking the same gang and car as in your link, but with a bunch of the Fed's "investment grade" assets riding in the back. http://www.youtube.com/watch?v=PrwnJDQy0ic
They keep doing their head and shoulders upside down. It's like they've discovered the binding energy of electron shells for the stock market and turned it into an allowable quantum shell state based on fib sequence ratios.
Yeah well, it's all fun and lulz and all that until you accidentally create a super massive synthetic CDO that jumps out of its containment spreadsheet and sucks up all the world's assets in a flash crash, leaving a black hole in the Fed balance sheet where your mom used to be.
This messing with finances is the Devil's work. It's why you don't find any other global markets anywhere else in the universe, no matter how hard you look. You know why you don't find any? Because just about the time a primitive life form becomes interesting it discovers banking, and within a generation or several discovers banking innovation. And then you got maybe one chance in a hundred to evolve into an advanced life form because the odds are you innovate your collective ass into a planet-sized glowing ball of economic ashes. Bitchez.
you know cougar, you might be on to something. i always wondered how the planet Mercury got to be the way it is...
Mercury was the Greek god of commerce. They named a fried planet after him.
The Devil's work, I'm telling you.
yeah, i think i read about that in Greek Lit 101.
hot as hell there too i am told.
Why do you think silver coins are placed on the eyes of the dead? Hades does not accept American Express.
you said this messing with finances is the Devil's business...well...Judas Iscariot was in charge of that groups' money and look what happened to him.
This verse is apropos for that event, "No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon."
Loving anything that is an inanimate object seems pedestrian, even accepting thirty pieces of silver (neither good nor evil) for betrayal.
A unit of exchange can be used for good or evil from precious metals to digital 1's and 0's.
This Gandhi quote seems relevant: “The Roots of Violence: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrifice, Politics without principles”It'll be fun splitting this financial atom.
http://www.youtube.com/watch?v=lLWwWsM22eY
Now that I am done cleaning up the darjeeling from the keyboard, the chair, the desk and changed my jammies....Dang Cougar, that was good!
I read so many wonderful posts here, I may not have a witty comeback or an urge to add something, but it would be nice to be able to acknowledge excellence in without disrupting the conversation. Gold stars? An applause meter? Something.
Agreed. Cougar's post was one of the most original, funny and insightful I have ever read here - and I've been reading ZH since ZH was still in diapers. (Hey, 18 months is like - what? - 20 years in Internet Time, right?)
I vote for a Gold Star.
:-) Enough said!
Too funny!
ORI
http://aadivaahan.wordpress.com
HAL must have dozed off from too many lunchtime Jack and cokes...those sugar crashes can be rough.
"I'm sorry Dave, I'm afraid I...oh man, what the fuck is that pounding in my head...ugh...just go, quietly...room is spinning...zzzzzzzzzz"
Daisy, Daisy... give me... your... answerrr... dooooo.......
I'm scared, Dave.....
Dave? Dave's not here man...
So Tyler is saying the transistors got hot in HAL9000 and kicked the bypass circuit in.
Maybe it decided to play a nice game of chess instead.
Capitulation, bitchez!
In all seriousness, this is so blatantly obvious at this point that one would think MSM would HAVE to start addressing it. Certainly, retail investors (those left) couldn't be more skeptical anyway.
This shit has to stop.
Yea.. some commentator on CNBC mentioned yesterday about "black box" trading for about 1 minute.. then of course the boobjob lady switched the subject to something more positive. Eediots.
Well, yea, I get that CNBC would never say it. They'd be out of advertising spots in a heartbeat.
But, the NYT, Washington Post, Indianapolis Star, Hooterville Gazette, Pig's Knuckle Globe...
You would think someone would want to break this. Not only that, but the extremes are getting so absurd (which happens with fraud, it gets perpetually bigger) that I would think some brainiacs would want to start honing the data. Much like when they proved online poker was rigged.
FCC licensing.
One of the reasons they really REALLY want to cut off the net...sheeple are easier to control when varied opinions are squelched so that only one opion is domi.....................
Wait someones POUNDING on my door ;-)
Oh the MSM have picked it up. They're saying the market is down on the jobs data.
Everyone got the jobs data 30 seconds before the close, read the first line, and rushed to sell.
Efficient market, is what that's called. Leave off with the tin-foil. Here have some kool-aid.
i only watch the parts of the day when volume rises... the rest is kool-aid infused price movement
As the tide starts going out more & more with hard data this ponzi scheme is going to eventually be revealed no matter what the PPT does.
It looks almost like something expected a ramp job and had plenty of ammo to unleash into the ramps face.
Just sayin...
Yeah - like every trader in the world who was previously lamenting not getting short yesterday... and the second the market went positive today? All piled in.
I know an agent who had a buyer with a 750 credit score, was going to put 30% down, and had a steady income.
FNM denied him the mortgage two days before the closing supposedly because they didn't like the area. This was a foreclosure in Georgia. Needless to say, the buyer is pissed, and the agent is pissed.
Anyone have any idea what the fuck is going on? Is that even legal?
It is has nothing to do with your friend. It has to do with the fact that Any who bought in the last year and in the coming year is going to find themselves heavily underwater since there are no jobs to support home prices. Tell him to come back when that 30% downpayment can likely buy him a house near cash. It is about 2 years away .
Anyone buying now is walking into a buzzsaw.
It's not really a friend just someone I have to deal with business related issues.
Roth's "Depression Diary" has the unwinding of the Youngstown RE market and after the 3d and 2nd mortgages have gone up in smoke, the mortgage market is still hosed.
Don't buy today for 1.00 when tomorrow you might buy for .88 or less.
- Ned
I see that happen a lot when the home is in a "rural" area.
Rural good if SHTF
"I see that happen a lot when the home is in a "rural" area."
What?
cousin-cousin?
The probably did not appraise for value and the seller would not or could not face the music. There is no more fogging a mirror to qualify or accepting what the seller needs or wants for it as the value. You see thast how we got here.
if they stop now, the orange jump suits will arrive...For not keeping us entertained.
Wow, who would've thought dow and $ going in the same direction and gold saying F U to both of them?? Have a great wknd everybody
...and she has long arms, weighted down by a heavy purse, containing something heavy. Maybe a gun?
Look waht happens after they get us conditioned for the 3 o'clock ramp. Bam. Bet this same kind of thing happens next week too.
Even former CNBC talkinghead Ratigan says this market is a scam.
First the CramerClown, now Ratigan....the happy talk shills cannot keep silent anymore.
The US Equities are fully manipulated by USGovt "policy".
MSNBC’s Ratigan: Stock market an ‘obviously corrupt’ fraudhttp://rawstory.com/rs/2010/0630/ratigan-stock-market-obviously-corrupt/
Watching some of the heavily traded futures indices during the ramp was a kick. Next best bid was three or four ticks lower, and best offer elsewhere was two or three ticks below where the aggressive buyer was. That indicates intent (unless my machine is just slow). Like Internet Tough Guy said, jam the market to make people feel better over a long weekend? Is that where we are as a country and a people? Patronizing tape printing for the masses? Little did the rampers know some people who had to sell stayed late in the office to stand in the way. Lots of volume took place one percent---and two minutes---above the close, which somebody now owns.
That's exactly where we are as a country and a people. Exactly. I'm driving home & listening to "financial updates" on every single AM & FM channel - and it is all the same: PURE propaganda & attempts to appease the masses. It is fucking scary.... in my opinion.
The big banks are running out of people to scalp. All last year they had short hedge funds and retail. Then they began to train the momentum buyers to buy dips and now it is only them amongst themselves. They cannot afford to go short because it is self defeating. hedge funds on the other hand have gained strength and have learned how to turn the algos against one another.
Meanwhile there is still a legion of longs over 1000+ points above who refuse to sell waiting for the bounce that never comes. And the coming negative data is going to be shocking to say the least. Factor in the baby boomers will only be extracting from their funds while they are still fairly valued and decaying 401k contribution due to job loss and decaying matching 401k contribution and we have record lows.
401k's are marketed as long term buy and hold instruments which plays directly into wall streets hands. They simply use the liquidity to day trade on behalf of the unsuspecting/involuntary speculator (YOU and ME). Recently our company offered a Self Directed fund through the Mercer crooks. Anyone who utilized it simply transferred their risk to other mutual funds with the same buy and hold strategy.
Bottom line is that the common worker with the intension of building a retirement fund knows very little about the market's dynamics. Even experienced traders are losing their asses but we are led to believe it's an excellent investment....just hang in there.
Come to think about this and in light of tightening credit, shouldn't the 401K contributor be charging the Mutual Funds for the cost of capital rather then getting stung with fees? Should we not also get access to insurance in the form of CDS's against the same fund managers we're told to trust?
:)
TD, you have definitely been on a roll above and beyond your normal ascerbic wit. I'll have one (or two) of whatever it is you have been quaffing.
P.S. If there a demotivator to go along with the "Rampjob Fail", along the lines of the classic Cann Hoe "Epic Fail"? (Debt Star still takes the cake though)
To be honest, I was worried there for a while that they might actually be able to pull it off.
Ironically, my faith in the market participants that have a heartbeat instead of a processor is restored.
Eventually the guys with heartbeats want to have a party and the tool with the processor just shuts off for the weekend.
Cheers. Happy fucking 4th of July. Be proud for or of what exactly?
It's weeks like this that made me wish I owned a bar or liquor store around the corner from the NYSE.
John,
Well it would be nice to know the Squid and all those who proffer by chicanery to get their due, however the "market makers" are undoubtedly profiting by fleecing the perma bulls on the other side of the trade now. I see a nasty short covering snap back rally in our future - which has happened how many times now. On another topic John, I miss your Friday radio show from Steve Quayle. I hope you and your family are doing well -God Bless
What if they all got together and rang the Friday closing bell a half hour early
they would still be puppets on a string..
Great avatar Delta. It shows we both have a lack of imagination &/or that we figured nobody looks at Microsoft standard images &/or we figured anything is better than a paper bag...
The guy with the paper bag on fire is avatar of the year... or Michael Jackson in that Pepsi commercial...
Bernie's SOOOO proud.
Hey, Leo, was that you capitulating?
I SAW THE LAST 2 MINUTES OF THIS GAME!!!
PPT had the ball on their own 20 with 1:48 left.
Went into their HFT hurry up offense and scored with :24 seconds left.
Kicked off a bouncer to the Bears and Cheeky went 78 yards for the TD.
PPT lost by 4...
Go Bears...
Da Bearssss! There's no doubt Ditka personally executed that last minute capitulation. ;-)
" Ditka personally executed..."
And threw his giant wad of gum at Blankfein in the stands while exiting the stadium (Candlestick style)...
The ponzi masters will probably give the bears a scalping in the next week or two. Keep your stops tight.
Some BS economic data will be released telling everyone the recession is Oooooooover...
Freebird - LOL on the paper bag for an avatar comment. plenty of free images on google.
Same old story they ramped it up to keep it from falling too low and to take out some shorts. It fell right after the ramp job. I held on to my shorts right throught the ramp job then it fell off a cliff and I was back in the money. Fear is your enemy.
Why are we complaining about the MSM? The MSM no longer matters to ANYONE but the MSM. Seriously, when was the last time you had a conversation with someone who believed the MSM? The MSM are dinosaurs, the internet is the comet that hit the earth. They are all terminal, they just haven't figured it out yet. But Joe Sixpack HAS figured it out. Why do you think he watches American Idol? He knows the MSM is a lying sack of fecal matter.
We are in the terminal stages of The Big Lie. Quit complaining about it. Recognize that the government is going to fail. The banks are all going to fail. Huge businesses will fail. It is unavoidable.
And it is a good thing.
The lies the politicians and bankers have been telling for 100 years are now exposed for all the world to see, and the world will be better for it. 30 or 50 or 70 years ago was the time to save the system. That time is passed. Now it is time to figure out what we are going to do in a post fiat-banking, big government world. The transition sucks, and it is going to suck worse for a while. But eventually the TBTFs will have failed - both in business and in governments - and the institutions that matter in our lives will be much smaller in scale and much more manageable.
And much more human.
Failure is a good thing. It really is. It is hard, but it makes us all better.
Quit complaining. Start building.
...and to think I accidentally read this thread title as "Rimjob"... :)
I am not Chumba Bumba Numba Rotumba or anyone else...
I will cast the first (faux bearded) hand crafted stone and... (after a few wasted moments on $$meetup.com$$) without further ado:
http://groups.google.com/group/zerohedgeflorida
http://groups.google.com/group/zerohedgeflorida
http://groups.google.com/group/zerohedgeflorida
Updated DOW chart:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps