Replaying The Flash Crash

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Tue, 09/28/2010 - 00:18 | 609081 Verum
Tue, 09/28/2010 - 00:23 | 609107 flacon
flacon's picture

Better than real life:


Market Crash – video with live S&P pits audio


Tue, 09/28/2010 - 04:09 | 609409 rapacious rachel wants to know (not verified)
rapacious rachel wants to know's picture

oh yeah, great audio! but after watching and listening to that talking dumbass Airhead Burnett for 8:48, I think I lost a significant portion of my brain cells

How is it possible for anyone that fucking stupid, oh wait, I get it, she helps make Cramer look smart.

Tue, 09/28/2010 - 04:57 | 609445 ZeroPower
ZeroPower's picture

Ha nice one.

Heard the video soon after it came out, needless to say it was the most entertaining audio file ive ever listened to

Tue, 09/28/2010 - 07:01 | 609491 Freewheelin Franklin
Freewheelin Franklin's picture

Nah. This is much better:

Tue, 09/28/2010 - 11:46 | 610272 scratch_and_sniff
scratch_and_sniff's picture

Notice the difference in his voice when he says "that move through the figure was nuts" ...he meant it, he felt it in his bones and thats why humans make better traders than machines. Humans might make the occasional fuck up, but atleast we know when something has gone horribly wrong.

Tue, 09/28/2010 - 00:14 | 609085 A Clear thinker
A Clear thinker's picture


When this ends... it ends overnight, in the blink of an eye.

Decouple yourself, but report the events to help others prepare.

Tue, 09/28/2010 - 00:39 | 609136 Glass Steagall
Glass Steagall's picture

I'm with you on the 'blink of an eye' thing, but this is gonna go down in broad day light. Much like a couple towers and a military nerve center did. Reality TV squared. The sheep have already been taught how to behave. Nothing to see here people. Move along.

Fucking bring it already...

Tue, 09/28/2010 - 00:50 | 609151 A Clear thinker
A Clear thinker's picture

Yes Sir, but we need to, must, start connecting to people around us… many are not ready for the undoing… I agree it will be in full daylight… but it happens in an instant… 1 or 2 days and all things change.  Tyler, and few others have posted scenarios… all are probable… but some version is very close at hand.

Tue, 09/28/2010 - 01:13 | 609179 flacon
flacon's picture

I've been working on my brother for two FUCKING years! Should I just give up?! He is my flesh and blood, but dang I gave him some silver, but he has a great resume complete with a Princeton edu-MA-fucking-cation and a PhD from Carnegie Mellon University! All I got is a bunch of shiny things in my basement! I gave him one ounce for each family member. And dang I ain't gonna give him no mo. 

Tue, 09/28/2010 - 01:18 | 609190 Cathartes Aura
Cathartes Aura's picture

ponder that his education has trained his mind to think in certain patterns, and any things outside those patterns are not thought.

while, perhaps, you have more room to. . . think.

maybe it will be you who saves your family - stock up your basement (foods, water, etc.) as if your lives depended on it, don't waste your energy trying to convert the minds, direct experience will be the best teacher. . . just have the basics, and your lack of surprise when it finally happens.

Tue, 09/28/2010 - 01:24 | 609197 A Clear thinker
A Clear thinker's picture

Ask him to read Aftershock… too many first bought this book and expected to reap profits… they missed what was stated. Prediction is like throwing copper into a fire, you know it burns in vibrant color…but which color… and for how long.


They (the authors) had a full year of lead time before print, the essence of what they saw was systematic debt default, followed by currency default. On debt default, it’s hard to argue this is not major issue, on currency default; the race to bottom is in the charts.


Remember this, you’re brother is…and will always be… and it will be difficult on even the prepared… Love him and help him…


One thing about Aftershock, it ends right for all… in that we do change into something that works. IN many way’s it’s the American approach and it is the conviction that exists nowhere else.

Tue, 09/28/2010 - 05:07 | 609450 jeff montanye
jeff montanye's picture

ask him to look at the chart of the dow for 1928 to 1935 and then at the one for american barrick.

Tue, 09/28/2010 - 00:17 | 609091 Buckaroo Banzai
Buckaroo Banzai's picture

watching this made my head hurt.

Tue, 09/28/2010 - 01:14 | 609182 flacon
flacon's picture

Watching this made me happier than a ------ with an AK!

Tue, 09/28/2010 - 00:19 | 609096 Trifecta Man
Trifecta Man's picture

That is why if you are invested in the stock market, do not use stops.  It would also help to not be concentrated in any one stock.

Tue, 09/28/2010 - 00:24 | 609109 A Clear thinker
A Clear thinker's picture

100% correlation... means one thing… don’t enter. This is why the retail side left, for months and months. The train wreck is known by, to borrow a phrase “The game is a foot”…

Tue, 09/28/2010 - 00:28 | 609114 Glass Steagall
Glass Steagall's picture

Yep. Scared shitless... all I hear all day. From noobs to vets... scared shitless.

Tue, 09/28/2010 - 00:42 | 609141 A Clear thinker
A Clear thinker's picture

Yes Sir... there was a time a short position made money, and a long position did not... when a bear roamed.. A few here have traded a short position that was spot on.. knowing it was right... then watched, and covered. I know the short numbers are huge, but something is very wrong. Not when we see 1400 to 1.

The current run up is just that... this all breaks soon. Not becuase I say it does, but because it no longer makes any sence... I buy bars... each month, and ammo.  

Tue, 09/28/2010 - 01:22 | 609153 Glass Steagall
Glass Steagall's picture

Ain't October yet, is it? thoughts of '29, '87. I'm not that smart, but damn... WTF? And elections? Like that matters... amazes me how often I hear that. How long has it been since that effected TPTB?

And dude, I so didn't junk you.

Tue, 09/28/2010 - 01:17 | 609187 flacon
flacon's picture

Even that old hag at JP Morgan said her employees where "Scared Shitless" because of an "elemental mistake" in their COMMODITIES DIVISION! 


Commodities my ASS! It was the SILVER they were scared shitless about! Dang nearly gave me a heart attack to read that the JP Morgan was "pissing their panties!".Bout time too!

Tue, 09/28/2010 - 00:22 | 609106 Oracle of Kypseli
Oracle of Kypseli's picture

I am afraid that if you are short when the market crashes instead of making a bundle, you may not get paid at all.


Tue, 09/28/2010 - 00:34 | 609128 FEDbuster
FEDbuster's picture

No shit, some sort of emergency powers.

Tue, 09/28/2010 - 01:12 | 609178 DoChenRollingBearing
DoChenRollingBearing's picture

Oracle and FED, I believe you are both completely correct.

With the correlations so tight now, I think it is imperative to act in a similar way to smart Oracle: bought productive land in Peru with water onsite.  Now THAT is diversification (babiez)!

Can't do that?  If you do not own gold, that is Step 1.

Diversification.  Flexibility.  Alertness.  The three keys to getting through this.

Tue, 09/28/2010 - 06:21 | 609474 gwar5
gwar5's picture

Good plan. I second that. Costa Rica, gold and call it another good day at the office with a margarita.

Tue, 09/28/2010 - 01:10 | 609176 frankTHE COIN
frankTHE COIN's picture

Jim Rodgers was saying the same thing in 1989 when the Japanese mkt was about to hit 39,000. He just warned to all to not wait too long to take your profits when the crash comes because they could change the game rules on you.

Tue, 09/28/2010 - 01:17 | 609189 flacon
flacon's picture

Define "paid".... Zimbabwe PAID all their debts. 

Tue, 09/28/2010 - 03:04 | 609303 Al Gorerhythm
Al Gorerhythm's picture

Getting paid ain't settlement. Zimbabwe paid its creditors, the creditors were paid in an irredeemable currency. They couldn't get squat from the country that issued it. Sound familiar?

Tue, 09/28/2010 - 09:27 | 609742 curbyourrisk
curbyourrisk's picture

90% tax on all profits made by shorting........


I can see it now!!!!!  Obama rescues middle class by going after those nasty "truthers". 

Tue, 09/28/2010 - 00:37 | 609110 daneskold
daneskold's picture

A replay of that day is not complete without Ben Lichtenstein's call of the PIT.


Oh yeah, May 6 was Gordon Gekko's birthday in Wall Street.  The day Bud Fox bagged the elephant.


Tue, 09/28/2010 - 00:28 | 609115 traderjoe
traderjoe's picture

Was that Brian Sacks (?) guy getting a Starbucks at the time? I was out of the office and (sadly) largely missed it. What ineptitude for the reporting though. The thing moved 600 points in a couple minutes and they're just chewing the cud. Yea, they can't panic, but wow.

Bring the reset on...

Tue, 09/28/2010 - 00:31 | 609120 FEDbuster
FEDbuster's picture

It is truely amazing how the cheerleaders are able to pull excuses out of their asses on the fly for a 10% market drop in ten fucking minutes.  If they were on the Titanic when the ass end of the ship was underwater, they would say "at least the bow is still above water, how about that iceberg we hit earlier today?"

Tue, 09/28/2010 - 01:25 | 609196 tom a taxpayer
tom a taxpayer's picture

FEDbuster - Hilarious, "bow still above water"!   Yes, truly amazing to see Erin huff and puff and blow so much hot air trying to reinflate the burst balloon. For a little squirt, she sure can be a giant blowhard.

Tue, 09/28/2010 - 04:24 | 609432 rapacious rachel wants to know (not verified)
rapacious rachel wants to know's picture

Airhead Burnett is whatever is dumber than an imbecile. If she didn't have a pussy, we'd hunt her for sport. Metaphorically, of course.

Tue, 09/28/2010 - 00:33 | 609125 Pillage
Pillage's picture

How do we get from this to hedge fund managers 4 months later saying the market is a double sided coin with win on both sides for the bulls?

Tue, 09/28/2010 - 00:49 | 609150 wisefool
wisefool's picture

....  and the song went a little bit like this:

SNOWBALL NET: Snowball Net comms check. All stations, clock sync, (pause) impact at minus 146 days, 5 hours UTC. Standby for ACC link (could have been ACD). 

Burst of digital data| 

Burrow: SNOWBALL This is BURROW (could be Burro as in donkey). You are not secure| repeat not secure | go green | go green 

Tue, 09/28/2010 - 00:52 | 609152 Spirit Of Truth
Spirit Of Truth's picture

Interesting timing for this post.

Tis the season...

Tue, 09/28/2010 - 00:58 | 609162 Let em push you...
Let em push you around's picture

Mr. Durden,

Did you notice the flash crash in the $RIFIN?  I know it's an index, sir, but I think I am starting to get concerned about the urine content of the clam chowder around here, and I think I just saw something strange in a VHS Bambi tape as well.

Respectfully submitted,

Let Em Push You Around

Tue, 09/28/2010 - 01:05 | 609171 frankTHE COIN
frankTHE COIN's picture

When they unleash the hounds next time, it's gonna stick.

Tue, 09/28/2010 - 01:07 | 609173 Problem Is
Problem Is's picture

Flash Crash:

Market Cap Loss:  $1.5 Trillion

Constipated Look on Cramer's Face:    Priceless...

Tue, 09/28/2010 - 01:10 | 609175 Gubbmint Cheese
Gubbmint Cheese's picture

God I love that audio.. I sit there and smile for some odd reason.


can't help it.


Tue, 09/28/2010 - 01:41 | 609218 Village Idiot
Village Idiot's picture

I was there, buddy on the phone.  It was front row excitement.

Tue, 09/28/2010 - 01:41 | 609219 Grand Supercycle
Grand Supercycle's picture

S&P 500 FINANCIALS INDEX - an important chart:

Tue, 09/28/2010 - 01:44 | 609221 Rick64
Rick64's picture

That was a hell of a day.

Tue, 09/28/2010 - 01:45 | 609223 Mydixie Wrecked
Mydixie Wrecked's picture

Let the good times roll!

Tue, 09/28/2010 - 02:18 | 609242 Number 156
Number 156's picture

The day Skynet became self aware.

Tue, 09/28/2010 - 02:19 | 609243 -273
-273's picture

The commentators hardly even react. Amazing. No surprise or screaming from them at all despite the massive drop. Guess they took their meds that day.

Tue, 09/28/2010 - 02:25 | 609246 Number 156
Number 156's picture

You want to see panic?


Heres one of my favorites:

I especially love the Ron Burgundy response of the other guy.

Tue, 09/28/2010 - 05:04 | 609448 ZeroPower
ZeroPower's picture

Explain your handle

Tue, 09/28/2010 - 07:42 | 609523 novanglus
novanglus's picture

I would guess minus 273 degrees Celsius, the temperature known as absolute zero, when all movement ceases. 

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