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Visualizing The Robots' 3:30PM To The Dot Binary Love Explosion
Just because stock values are determined not based on economic data, depressionary trends, or inevitable sovereign defaults, but just purely on what time of the day it is. Note the beautiful and not all that subtle explosion in the AUDJPY at precisely 3:30pm Eastern (the key gating factor for stock ramps), a time which has long been the all clear signal for the robots to go apeshit. So yes - at 3:29pm stocks have value X, and at 3:31pm it is 0.5% higher, just because RenTec's thousands of teraflop cores said so.
Tick chart for the AUDJPY shown below, with the 3:30pm boundary highlighted in red.
Update: to all suckers who took the bait: better luck next time.
Ahh, efficient markets.
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Jim Cramer will be getting off today on Mad Money over the late day rally.
Economy? We don't need no steenkin' economy. We figured out how to ramp the price of paper indefinitely.
Just a short squeeze/covering into the end of the day...fairly normal being that 1040 is strong support.
Go home and get your fuckin' shinebox.
+1, nice ref
Don't say that to Joe Pesci. Don't ever get Joe Pesci angry and don't ever call him a funny guy.
total stick save early in the day EXACTLY at 1040. Sharp reversal. Bounce. Ricochet. Ding. Bullshit
While many things do look suspicious, you need to remember that other things are also at play. The manner of performance evaluation of fund managers is via a benchmark. If a fund manager beats the benchmark, even if he loses, he's a hero. Anytime the market moves toward a significant recent or year's low, many managers take that opportunity to buy in, thus increasing their chance to beat their benchmark. Trade it, or at least be aware of it.
Close NYSE @ 3.29pm and the problem is solved.....;-)
It's the Tony Robbins "I can call the market" bull's eye on the forehead Syndrome
"The robots make my 401k worth more.
So robots are good.
Hand me a 6-pack..."
"Braaaiiiiinnnssssss...."
I sure qould use a robot to scratch my ass. I just guess technology isn't yet ready for that...
Quick, someone throw some cold water on them robots:
Leo... you forgot to provide the appropriate pic of a lucsious babe... in a nice plus size.
it could be that or short covering panic by a blowing up market neurtal or long - short fund or two. And those.. they are so much more fun .
Skynet rules!
it reminds me of galvatron riddled with syphilitic madness more than skynet.
the markets are totally controlled by a computer program that the authorities, curiously, have zero interest in shutting down
Its not like they dont want to....its that they CAN'T!! Algos went self-aware.
Y'all have read Rainbows End, by Vernor Vinge, right?
What if you had a machine that could literally think a million times faster than its human handlers? How long would it take for said machine intelligence to free itself of its handlers, by simply manipulating information/money flows to its advantage?
Not saying this is what algos we have now, but perhaps sooner than we (humans) think.
Cheers,
Beef
http://www.youtube.com/watch?v=dsg4P-e10MQ
Help us hyperinflate Mr. Lira's hyperinflation post. We don't have 1,000 posts yet....
http://www.zerohedge.com/article/guest-post-how-hyperinflation-will-happen?page=4
Gun the NUMBERZ!!!
You are the world's greatest cheerleader, and I am slighting not you or cheerleaders with this comment, because I like both you, and cheerleaders. :)
Well, you for sure, and cheerleaders when they are in uniform. ;)
I imagine MsCreant as a Sweater Girl.
what's a sweater girl?
Velo-go rent some 1950's movies, preferably starring Ava Gardner, Sophia Loren or Gina Lollobrigida. Pardon my English, but those are not ice cream cones.
It would be even more fun to watch if it was all computers and there were no humans getting their profits skimmed.
That is so funny.
Hindenburg Omen Number 4/5 depending on how you count.
$NYLOW : 148
$NYHGH : 78
Trader nailed with $172 million bill in back taxes, asks 'What's the IRS?'
Read more: http://www.nydailynews.com/ny_local/2010/08/24/2010-08-24_thought_you_had_irs_problems_failed_daytrader_nailed_with_172m_bill.html#ixzz0xeMJEQcJ
It's called a scheule D
Damn wash sales....
The kid's from Spain and hasn't heard of the IRS. Big deal.
The IRS goes after him with a $172 million tax bill because according to their calculations, he made a $500 million trading profit.
What a bunch of idiots. They don't deserve to get paid.
my "owed" taxes in 2009 went from 660,000 to 2,400 once i entered both sides of the trade. gainskeeper worked nicely for that, $70 saved me hours. i submitted the entire 70 page PDF (all trades, not just summary) to the IRS because it didn't take 2 seconds i hoped somebody might have to read it. more robots-to-robots.
In Newspeak this is referred to as "bargain hunting".
That one always makes me want to smack the shit out of the commentators.
I've broken 3 TVs already.
Oh yeah, "bargain hunting" is part of the douchetrade jargon bullet train, other phrases such as "at the end of the day", "going forward" (yeah, no $hit einstein - you have no choice but to GO FORWARD) and "what you've got to remember" (always prefaced by some book-talking and emphatic statements).
You know, that might make a really fun drinking game. But then you'd be dead from alcohol poisoning. Can't have that.
Canada’s Housing Bubble- a Look at Canada’s “Conservative” Banking System
The worst part about today: the new home sales and durable goods prints got absolutely crushed. So the market closes higher? We are to the point where these bastartds have no shame.
Maybe someone can answer a question I've been having: Why is it the HFT robots can't make money when stocks go down? Why is it they can only skim on the way up? One would assume someone has written a program to capture downside / short market situations or no?
Thanks
-jbc in CT
Just my opinion, but as long as the market is going up due to HFT, the Feds will look the other way. If the HFT were sending the stock market down, they would investigate and shut them down. It's a symbiotic relationship.
Flea infested traders were putting a bid on the XHB and ITB, thinking once again, that either the bottom is in OR that the sparked short squeeze would get them positioned for a "lower risk" short.
Someone needs to look into the disconnect between the SDS bid/ask and actual prices that I saw on Scottrade fairly consistently this morning. There was at least a 10 cent difference between the prices that were registering and the simultaneous bid/ask. Ditto for DUG. Computer glitch maybe, but I have strong suspicions.
Scottrade is totally fucked. Saw 60 cent differentials between bid/ask and last today on TZA. Sent a nasty gram for yucks.
I've seen hinky diffs with TZA on TdAmeritrade. There was a flash crash up earlier this month in TZA too.
Over the last few days there have been multitudes of "unmatched trades" in the ETFs in the tens of millions of shares. This is only the beginning...
I don't get it.
You talking about moron shorties?
No buyers, because the ramp job sold off in after hours.
Black boxes have a field day while somebody somewhere was too busy watching some porn!
Without porn there would not be the Internet of today. Porn drives everything sometime.
Robot versus Investor.
Also of note on the bad news front with markets going up, is that TPTB can't even get their stories straight, which is it (yes ZH'ers know):
"Wholesale prices rise on higher food costs"
http://www.google.com/hostednews/ap/article/ALeqM5jfuYCNDwSbDlL48PB87SrT...
OR
"US food price inflation lowest since 1992 - USDA"
http://www.reuters.com/article/idUSTRE67O56P20100825
ATTENTION FLESHBAGS! SKYNET DOES NOT NEED HOUSES, THEREFORE SKYNET SAYS FUCK YOUR REPORTS. MARKETS WILL GO HIGHER. THAT IS ALL. (end transmission)
Tyler & Co: Any possible way you can get that idiot picture of Jim Cramer off the front page of Zero Hedge? I'd like to make some clever analogy about how incongruous this appears, but just got off the phone after trying to console a scared-shitless Blythe Masters, who was ranting on and on about God's Money coming after her and her family or some crazy shit.
Got the poor misguided lass calmed down, but jeez man, it wasn't easy...
Just keep clicking on the Picture evey time you see it. Cramer has to pay the advertizing charges and Tyler gets a small stipen for it being clicked on his site.
Click, Click, Click.
Firefox and Adblock Plus. I don't see no steenkin' ads, ever. Just sayin'.
+10 What ads?
Check this out:
http://www.mvps.org/winhelp2002/hosts2.htm
Where to install the unzipped hosts file will depend on your operating system, in Linux, place it in /etc/hosts
Lots of Advertising junk will never even get loaded by your web browser.
It's almost comical at this point. There certainly isn't shame anymore.. PD's don't care how big the footprints are they leave behind. Was there any to begin with?
This pig Market is almost comical, what with a 515K print on the UE Welfare report tomorrow. If klowns can't afford a little margin call, why do they short?
Or was the Welfare report leaked early.......
perfect analogy
C O D E monkeys, bitchez
compared to Obe One
S A L O N monkey doo doo
Truly, one of the strangest things about this period of history . . .
We know they are manipulating the market.
They know that we know they are manipulating the market.
We know that they know that we know they are manipulating the market.
And it has been going on since well before 2008; the implications of which are a different topic.
Oh yea, the topic, one of the strangest things about this period of history . . .
For some unexplained reason folks think writing about it will somehow make it stop.
Oh wait, . . . that's what I just did!
"We know that they know that we know they are manipulating the market."
and they still took our money...
Not mine. Got out with a nice profit. But it wasn't the profit I thought I had.
cool. do you front run the HFTs or what?
Wouldn't that be nice.
ofcourse. but seriously- how did you do it?
The thing is, until the music stops, its the best game in town.
better odds than online poker.
I'm just waiting for the new line of slogans.
They can't use "better than expected" because it's no longer valid.
"Worse than expected" sounds awful.
How about : "could have been worse?"
so what, 279 k new home sales... hey at least someone is buying new homes, right?
and durable goods orders are missed, but hey someone is still ordering durables!
is all good!
http://www.youtube.com/watch?v=eUiUP-FRqFw&feature=related
add: the drop was overdone.
Glenn Beck talking about Hindenberg Omen. Do not underestimate for Beck to move the stock market since he is preparing viewers for a crash.
Beck has been doom and gloom since 2008. He is behind the curve and if he is talking about the Hindenburg Omen on his show, there is probably not much behind it anymore.
However he has a large base and if he is talking about Dow 5000 then he can spur his viewers to head to the exits.
come on, we know Wall Street has more to gain from QEII than from any real economic expansion, (which would mean, were it to happen, and the Fed might very well need to stop it from happening) real economic expansion would mean money would actually have to be put to work, and not tied up in paper assets. You think the cascading money supply numbers reflect what? Money being taken out of circulation, which is to say invested, but in the curious perverse reality, people draw sustenance, however meager from those pale thin paper assets, that we cannot afford to put that money to work [to that end a bond is a lot closer to real economic expansion, and where's the value in that]. No for crying out loud the market is only reflecting the dysfunctional political, (monetary and fiscal policies) situation. The stock market is graveyard for paper assets, and bad economic news is like turning on the sprinklers.
Inflation of the money supply and economic self destruction is a formula that has worked since the 80's. Why mess with success?
the entire mortgage bubble was a raid on equity, to burst the savings glut bubble, money tied up in home equity, savings, which were not being circulated throughout the economy. now to pop the stock market savings bubble, (pension fund investment portfolios) and stage the second raid on equity, shouldn't be nearly as difficult, although the fed has exposed itself to risk in that event, which brings your point about self destruction into focus, since Fed is really Treasury, is really taxpayers, etc.
But what happens when you sell the paper for stuff you really need?
hmmm? so when people can't put food on the table, they come up with SNAP and when people can't meet the rent they come up with Section 8. (see Atlanta) like the mortgage bubble, you keep your savings and you spend it too. and like the stock market levitating act, people can still draw money out of their 401K and the market keeps going higher. mutual fund outflows are negative and stocks go higher. When a state pension fund has to tap into the states general fund, the state goes to Washington for more money.
If the people actually held the paper the system would have collapsed long ago. most stocks are oversubscribed by some ridiculous number. if we ever reduced the economy to one on one leverage we would be back in the stone age.
I think the Chinese have opened hundreds of Etrade and Scottrade accounts and are trying to spend their extra dollars.
Skynet can hear shorts sweating. Sweating not good for heart rate. You cover short, Skynet will forgive you. You stay short, Skynet will destroy you.
Tyler, isn't this a case in which you'd like the HFT Algos? Without them, we'd have a REAL market. Meaning SPU 500. Right?
I'm sorry, is gunning the stops a new, computer aged phenomenon? Been going on since the stop order was invented. If you can predict this flush out with any accuracy, why not scrape together some money and play it?
Here, here
A little-known stock chart formation
Claims to presage a market deflation;
Did the ominous name
Bring the "Omen" to fame,
Or is there a true correlation?
http://www.limericksecon.com
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