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Closed at the day's high, the opposite as closing at the low yesterday.
Let me the first to call BS.
*Junk* - Epic Fail
Quick question: Would you mind pointing out to me the part of what you just said that made sense? 'Cause it's kind of reading like "buy low, sell high" to me.
Sorry, it was me and my "fat finger".
I just talked to the exchanges and they will be implementing a buy program thereby initiating buys to fix the problem with the runup into the close. DOW 36,000 here we come.
We need a c-span-like live public video feed from the trading rooms at 33 Liberty.
This is all you'd see;
Second Bellysnort of tha day!
Looks like that all day every day... no need for live camera's.
No one wants to know why the servers are in Washington D.C. Instead of New York?
Bright Bunch we have here!
This is complete abominable bullsh*t. I didn't get burned -- been out for a while -- and it's this kind of crap that may keep me away for the rest of my natural life.
The same thing happened to those that survived the Great Depression ... after suffering the bucket shops of that day, many of that generation never bought another stock for the rest of their lives (yes, 40+ years of bonds-and-mattresses only.)
Ditto - I'm out and will gladly stay out. Rigged to the hilt. You have much better odds in Vegas.
You'd think GS would at least send their clients a few free drinks.
GS does... but they make their "clients" pay for those drinks...
I hope you get a hug and kiss from Lloyd B. God with that screwing GS "clients"...
Shout out to all y'all shawty's out there who lost they ass in the robot zombie attack. This is what we call the Principle of Maximum Ruin.
As a middle class 33 yr old I have seen the writing on the wall in regards to Market (and thus 401K/ retirement) ability to be manipulated and used as a powerful social and political tool. Its sickening to think that the Baby Boomer demographic is fully dependant on wall streets whims to keep them from being the next greeter at the local Wal-Mart. Old people, money, and the special interests will control America for years to come if this is propped up and we all keep blindly churning through the days.
... and it's this kind of crap that may keep me away for the rest of my natural life.
... and it's this kind of crap that may keep me away for the rest of my natural life.
You plan to have an unnatural life after that and return to the market? Kinda like a TBTF-Bank? Tell me more about that plan!
Its options expiration. Anybody who has tradede for a while knows that a spiky VIX and OE Day makes the perfect environment for quick 100 point moves.
For all those "BS callers". You guys have been trading for a while haven't you? These moves were the norm 1998-2002 and all through 2008.
Not everyone is a day trading nerd. What about the 1000 point drop the other day ?
that was ages ago. Welcome to the bull market!
What about it? Another reason to argue how the market is rigged?
To anybody trading for a living it's business as usual. Nobody with any skin in the market would say "Oh look it's rigged, I rather quit". Markets drop and markets go up. Been like that for 100 years. Besides, there are dozens of markets, equities is only one of them. Don't like stocks? Trade hogs, lumber or norwegian krona. Plenty for everyone.
1000 point drop in 15 minutes is business as usual? That's a little hard to swallow. Seems like we're in a new paradigm here with HFT and all.
High frequency trading (HFT) is new. Massive intervention by central banks worldwide is new. Sweeping regulation, taxing, and re-structuring of contract law (back-dating its application) with no notice is new. Dark pools is new (although we had bucket shops in the 1920's).
Fundamentally, though, movement in the market of a few percent in a half-hour on no volume is new. The international collusion at this level is also new.
No, this is rigged. Have fun with your casino. People like me that do the math have no interest.
What keeps me paying attention is the fact that I'm the minority population -- the actual taxpayer -- and they are spending my money.
this market will prove to be one of the most facinating events in history and it's unfolding before our very eyes. For those that choose to sleep through it or marginalize it, well that pretty much speaks to how we got here.
"To anyone trading for a living it's business as usual".
Exactly. Finally a professional... in a place that's was once cool, but now overrun by Conspiracy Creeps one career move away from being "greeters at Walmart". Buying gold from the 70s felon TV man won't change your fate, baby.
People who complain about volatility have no clue. This site has become a Darwinian sink hole... it's a living testament to wealth transfer... Mook to Pro via Volatility. Capitalism at it's complex finest, baby.
I don't trade I watch.
So I might be dumb, but I am willing to learn.
Nobody can force you to trade. Just don't get suckered into this "rigged market" fairytale. I've been hearing this non-sense since the late 80s. Then it was program trading, now HFT and God knows how the losers will call it in 2020. But they will always find someone to blame when markets move in some allegedly inexplicable manner.
Of course, markets have moved in erratic ways over the last 300 years but who could ever argue with the sharp logic of the manipulation proponents!
Exactly. I agree with you entirely. As you had famously opined in one of your posts earlier - 9 out of 10 people on this website do not trade for a living and crib when things go against them. So, just extending you observation, therefore, most of them are losers. You know what, as 9 out of 10 people on this web site had opined their profession to you privately, you are one influential entity. I am envious and a big fan of yours. Facebook? BFF?
Talking about BFF, you remind me of another entity that was correct this much - the Vatican. The were correct when they said that the sun revolved around the earth, and when some fringe scientist opined otherwise, they very gently corrected him. They were right, weren't they? Sun centric view? What a douchebag (did they have this word then)? A scientist questioning that their observation was entirly wrong; how could he? After all they were right for all those years. They were right that God created Adam and Eve and we all came along without some incest being involved. They were correct when they said that priests did not abuse kids; after all they were man of god. They were correct that Evolution was a work of fiction, weren't they? If something has been working for thousands of years, who are we to question its validity. It must be a religion then, and we need to bow down in front of the altar of greatness.
Of course, the market has been in effect for 300 years, which is a long enough time frame considering how old the Universe is, so, everything that the market does is perfectly rational and efficient, and cannot be rigged. Anybody questioning the outcome is a damn loser, a nincompoop and a moron. I have been doing this since 1980 and I know that everything is perfect. "I am the lizard king and I know everything". You had me at fuck you!
Wow, the bizarre extent people will go to rationalise away fraudulent behaviour.
Systemic blatant manipulation of the markets is just a mirage. Just keep saying that to yourself. Why not, as you cant do anything about it anyway.
So, we should prepare to re-live the dot.com run up and subsequent crash?
Nothing like expiration pin jobs, eh?
Although....that's a problem if you're going for that "fair and orderly" thing rather than the the index options traders death match at expiration thing.
Today's close was pretty crazy. The problem was we sold off almost 20 handles from the HOD on no volume and once somevolume came in it just cleaned out the buy stops. Also, the fact that people had piled into puts with ridiculous premium, expiring today, didn't give anyone an incentive for a low close. A number of guys in the pit got stuck short and got KILLED.
This isn't manipulation, just a crazy volatile market. The market is down over 100 handles in a handful of trading days and people are bitching because it rallies 35 off the low. This is how markets work; if you are making money shorting it I guess its all good but as soon as there's a squeeze than it has to be manipulation. Maybe people should stop shorting the market when its down hard and wait for rallies to sell. Crazy, I know.
This will get faded next week.
I will get faded tonight.
+ a six-pack or 2 or 3
Look-e-here boy...PBR is Tennessee champagne...
Ignore that humming, that is just the server farms running solitaire.
Why does it make that ticking sound?
I am surprised all those Put Option owners who got vaporized with 5 minutes to close - dont squeak up. Curious.
I cant believe what I am seeing. Dow was down 30, I go take a piss and come back and its up 125.
The TSX in Canada opened at 11,196. Its now at 11,513
That'll teach you not to piss.
you should always have a empty bottle near by ;)
Do like the SECTake your laptop to the can... sit down and piss like a girl.
You didn't happen to piss on a FED keyboard, did you? .....possibly extra stong whiz on the "up arrow" key?
This is all starting to get a bit traumatic to watch. It's like watching a loved one in the final throes of a terminal case of kill-you-slowly-and-painfully-while-you-shit-yourself-and-lose-your-humanity-cancer. And not dignified KYSAPWYSYALYH cancer, either. Like some kind of terrible ass cancer.
No. no. no. It's more like watching Lindsey Lohan on any given weekend.
Oh wow, I hadn't thought of that. If you replace "cancer" with "celebretardation" it totally makes sense!
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