Refuting The SEC's Lies At The Core Of The "Flash Crash" Analysis

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/08/2010 - 12:49 | 635586 ZeroPower
ZeroPower's picture

Excellent information throughout the past week with this nonsense of an explanation from the SEC, Tyler.

If anyone would be interested in collaborating on a scholarly article (would be published) regarding this May 6th issue, please get in touch.

Fri, 10/08/2010 - 12:59 | 635610 Steve Dallas
Steve Dallas's picture

I'll gladly contribute crayon drawings.

Fri, 10/08/2010 - 13:01 | 635617 ZeroPower
ZeroPower's picture

Perfect, felt markers are preferred but i will keep you in mind.

Fri, 10/08/2010 - 13:19 | 635669 kathy.chamberli...'s picture

get cheeky and his chalk and blackboard, that is 28 feet long. i know he can do it.

Fri, 10/08/2010 - 13:30 | 635612 Steve Dallas
Steve Dallas's picture

I'm thinking rude images of Mary Schapiro...


Fri, 10/08/2010 - 13:46 | 635747 TraderTimm
TraderTimm's picture

(o )Y( o)

Fri, 10/08/2010 - 16:35 | 636493 Sokhmate
Sokhmate's picture

I wonder if on the other end it's a (__.__) ? or more of a (__o__) ?

Fri, 10/08/2010 - 17:51 | 636665 TraderTimm
TraderTimm's picture


That's what the ass-terisk is for!

Fri, 10/08/2010 - 13:54 | 635647 Attitude_Check
Attitude_Check's picture

I would be interested.  I am a Physicist/Mathematician/Engineer and "can do math"



Fri, 10/08/2010 - 14:02 | 635801 Cognitive Dissonance
Cognitive Dissonance's picture

I'm an overextended consumer who "can spend money" I don't have. I'll be happy to dispose of any reward money paid for exposing this fraud. Call me. :>)

Tue, 11/09/2010 - 21:51 | 714615 scythian empire
scythian empire's picture


Fri, 10/08/2010 - 13:23 | 635682 TimeToChange
TimeToChange's picture

The SEC's report maintains that a large fundamental seller (Waddell) started an avalanche of selling by HFTs.  Looking at the charts, Waddell unloaded size right before Nanex's tipping point around 14:44:20.  From there, the SEC says HFTs began a frenzy of hot potato trading to blow off inventory after absorbing Waddell, driving prices down. 

Vitally important to see Waddell wasn't there during the fall, and it underscores the whole point - HFTs drove the market down all by themselves after Waddell's sells hit the market.  That's what we've been saying all along, isn't it?  HFTs exacerbate price movements with aggressive trading.  "Liquidity providers"?  Sure, just don't hit the tipping point, whatever they say it is, because it's a long way down.

It's great to see these charts.  Why weren't these charts in the Flash Crash report itself? 


Fri, 10/08/2010 - 14:12 | 635755 bigdumbnugly
bigdumbnugly's picture

somebody with their pants on fire and hanging from a telephone wire over at the sec?

Fri, 10/08/2010 - 22:06 | 637115 StychoKiller
StychoKiller's picture

Combine that with pr0n and the mental picture is just sooo disturbing! :>D

Fri, 10/08/2010 - 12:55 | 635589 Steak
Steak's picture

hi y'all, your favorite cut of meat here again :)  Why do i do / have done these playlists?  I think music and ZH belong together, the beating heart of the revolution if you will.  Plus there are so many great artists out there its not like you can hear it on the radio or hear about it in popular media.  Hopefully I can introduce you to something you like but never would have heard of otherwise (that has certainly been the case with ZH readers sharing songs with me).

meh. (a playlist): 

the next posting of this i'll throw in an extra playlist (mostly rap instrumentals) for those of y'all looking for a smooth wind down of the week :D

ps: bookmark this page to play some of RadioZero's classic sets whenever you have the urge 

Fri, 10/08/2010 - 13:02 | 635623 TheAkashicRecord
TheAkashicRecord's picture

I'm going to see Emancipator and Bassnectar in a couple of weeks ... Bassnectar live is the soundtrack to revolt.

Fri, 10/08/2010 - 13:12 | 635648 Steak
Steak's picture

I'm based in Altanta and just found out Bassnectar is playing New Years at my favorite venue in the universe (the Tabernacle).  I am eagerly awaiting.

Fri, 10/08/2010 - 13:22 | 635671 TheAkashicRecord
TheAkashicRecord's picture

Nice ... I'm in Chicago, we have Pretty Lights on NYE which should also be awesome.  I saw Bassnectar 2 years ago at Lollapalooza, at that point didn't know much about that genre of music, it changed me though.  

Check this Bassnectar clip out, especially from 2:40-3:12, your head will explode.  Can we start a sub-group here at ZH that enjoys raging to this type of music, there have got to be more of us seeing as though it is the soundtrack to revolution.

Fri, 10/08/2010 - 13:39 | 635724 Steak
Steak's picture

oh to be one of those lucky souls dancing on stage.  boom goes the dynamite!

there are indeed more of us, many more, who are all about raging to the sound of this revolution.  i wish there was more to say, i don't have any inside scoop so atm this is more a hope than a promise, but i see tunes being more integrated into this site one day.  keep pimpin, pimpin

Fri, 10/08/2010 - 14:16 | 635868 TheAkashicRecord
TheAkashicRecord's picture

Four Tet next week and Bonobo early Nov, good stuff coming up 

Fri, 10/08/2010 - 13:26 | 635680 kathy.chamberli...'s picture

oh steaky, your my most favorite. your so generous and kind to start posting your incredible taste in music. i can't tell you how much i love you. your kind and adorable. now can you get cheeky to come back and talk to you, like last winter and spring. maybe he would come back and be heard again. this is all good. kiss kiss, kath.

Edit: H A P P Y     f r i d a y   ALL

Fri, 10/08/2010 - 13:29 | 635701 Steak
Steak's picture

hi everybody!  this individual was formerly known as Velobabe.  its (not sure if its a him or her) modus operandi is to lure ZH contributors and readers with promises of naked pictures.  it has tried SEVERAL times to "out" the identities of ZH members, so PLEASE be very careful if you find yourself in a dialogue with this person.

like cheeky or not, this individual is the reason why he is not here anymore.  be vigilant, the internet can be a dangerous place and this person is a big reason why.

Fri, 10/08/2010 - 13:51 | 635758 Bob
Bob's picture

I would assume that this poster has been tracked to the same IP address?

I've been perplexed by the belief that this "individual" is velobabe because the writing and narative voice are distinctively different, imo.  If the point of origin is the same as velobabe, I would argue that there are two possible explanations:

1)  This is an extremely skilled conman/woman (moronic presentation notwithstanding)


2)  It's more than one person playing this game. 

The game, of course, is extremely transparent, in any case, just sayin' .

Fri, 10/08/2010 - 20:59 | 637017 reading
reading's picture

'distinctly different' for real?  Seriously, it is totally obvious they are the same simply by the way it types.

Sat, 10/09/2010 - 00:41 | 637315 Bob
Bob's picture

Not to my eyes or ears.  Not that it necessarily matters. 

Sat, 10/09/2010 - 23:20 | 638810 merehuman
merehuman's picture

I always assumed she was drunk, sometime sober but lies alot or has multiple lives. 

Once i realized i could be tracked by diverse comments made, and giving out too much info, i changed my lifestyle , own myself more, things less but trust NO ONE but myself. Is survival becoming a lost art?

Fri, 10/08/2010 - 14:02 | 635797 MsCreant
MsCreant's picture


Steak has no reason to lie. You need to answer this charge. I can check this out for myself, anyway, but I'd like to hear from you if it is true or not. I will not answer your posts anymore until this is cleared up. I ask our community to consider shunning her/it, until we have heard from her/it on this topic. Outing folks here is VILE, HATEFUL, and quite frankly, Borderline Personality Disorder behavior. 

Fri, 10/08/2010 - 16:46 | 636545 Hephasteus
Hephasteus's picture

I actually tracked her down and perused her internet identity. It's not a full hold water type of thing you would expect from a person. I think she is piggy backing someone elses identity that has an actual working brain. She does do drugs. I can empath that and she's drunk and stoned alot. But hey we had coke snorting traders on wall street all during the 80's and prescription drugged ones during the 00's. So why not a drugged out troublemaker.

Fri, 10/08/2010 - 21:07 | 637030 reading
reading's picture

I know you must have figured out that it clearly has a personality disorder -- you seem pretty no nonsense so your gut must have told she's (it's) not right, right?

Fri, 10/08/2010 - 13:40 | 635590 williambanzai7
williambanzai7's picture

Do Androids Dream of Electric Sheeple?

Fri, 10/08/2010 - 14:24 | 635904 Cognitive Dissonance
Cognitive Dissonance's picture


Thank God you're based outside the USA. I think the penalty for defacing an official "senior high member of the white house fraud crew" photo is 10 years of water boarding in Guantanamo plus $100 Million Million fiat bucks.

Hope they take a check. Now, how many zeros in $100 Million Million?

Fri, 10/08/2010 - 14:40 | 636000 williambanzai7
williambanzai7's picture

Is this a ZH sign in dialogue?

Fri, 10/08/2010 - 15:25 | 636184 Cognitive Dissonance
Cognitive Dissonance's picture

The answer to all future CAPTCHA questions in the universe is "Floating Decimal Points".

Fri, 10/08/2010 - 17:58 | 636678 illyia
illyia's picture

Ah... I understand, now...

Fri, 10/08/2010 - 22:10 | 637121 StychoKiller
StychoKiller's picture

I think the picture would be a lot more believable if the circuitry on the head were a lot smaller.

Sat, 10/09/2010 - 09:10 | 637541 bigdumbnugly
bigdumbnugly's picture

yes, and maybe with a few burned out diodes and capacitors as well.

Sat, 10/09/2010 - 21:29 | 638665 euclidean
euclidean's picture

Surely you mean less components - perhaps some antiquated ones like a simple HV throw switch (for on/off), a vacuum tube valve and 2 lamps for yes and no - but no is burnt out.

As an alternative, you can create a toothless tiger caricature, perhaps a circus clown.

Fri, 10/08/2010 - 12:51 | 635591 unwashedmass
unwashedmass's picture

i know, out here in unwashed land, we're supposed to be dumb as dirt, and sitting around waiting for Shapiro to "enlighten" us......


Fri, 10/08/2010 - 12:50 | 635592 Robslob
Robslob's picture

Where they will be found "guilty" before ever being allowed to speak.


Like going to an IRS hearing but with the same end result.


Guilty before being "proved" innocent.

Fri, 10/08/2010 - 12:53 | 635596 Vergeltung
Vergeltung's picture

excellent post!

Fri, 10/08/2010 - 12:52 | 635597 sweet ebony diamond
sweet ebony diamond's picture

It's time for Mary to run to Lloyd for a little cry.

Fri, 10/08/2010 - 12:54 | 635600 Sancho Ponzi
Sancho Ponzi's picture

Give the SEC a break. It's hard to do real research when you're busy surfing porn and deciding what chinese take-out dish to order.

Fri, 10/08/2010 - 13:26 | 635692 DTCC 1999
DTCC 1999's picture

Scape goat excuse for regulatory capture.   

Fri, 10/08/2010 - 13:27 | 635696 kathy.chamberli...'s picture

upside down house, good one, sancho ponzi er ello.

Fri, 10/08/2010 - 12:57 | 635605 MasterB
MasterB's picture

I dunno - Bart Chilton said they slaved over the charts for days!

Fri, 10/08/2010 - 12:59 | 635614 scratch_and_sniff
scratch_and_sniff's picture

Concerned but powerless. No teeth...they dont want to get to the bottom of it, its probably in national interests that they dont.

Fri, 10/08/2010 - 13:00 | 635616 max2205
max2205's picture

NP. Buy Oct spx 200 calls

Fri, 10/08/2010 - 13:01 | 635618 Pining for the ...
Pining for the Fjords's picture

I would be fascinated to know the extent of W&R's cooperation on this-  was it just giving permission, or more active?  I am curious because I had assumed that someone from the SEC quietly told them "We're going to take you behind the woodshed on this publicly, and you aren't going to say shit because we need a scapegoat. Keep quiet and you'll be fine. Nice little business you have there...  shame if something were to happen to it".  Is W&R fighting this in the open? 

It is hard to get one's head around all of the fraud and blatant deception going on right now.  This,  the market green on the foreclosure halt news and poor jobs data...  they aren't even attempting to be subtle anymore.

Fri, 10/08/2010 - 13:09 | 635638 HarryWanger
HarryWanger's picture

It is hard to get one's head around all of the fraud and blatant deception going on right now.

Really? That's how governments keep power. Been this way since the first governing bodies were formed throughout history. Nothing new here. It's inherent in any governing system.

Fri, 10/08/2010 - 13:22 | 635676 Pining for the ...
Pining for the Fjords's picture

Perhaps, but my point was that it is the sheer volume, coupled with the lack of subtlety, that is unusual.  So I would argue that the scope and scale ARE sort-of new here. And it reeks of desperation.

Do NOT follow this link or you will be banned from the site!