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Volume Picks Up Market Dies Redux
Shame on you for clicking on this: this is a pseudo verbatim transcription of the same post we put up every. single. day now that SkyNet is sentient.
Just like clockwork, and in direct refutation that anyone but computers trades this discredited shell of market, market turns over as volume picks up. We expect volume to die shortly, and the market to resume the ascent as the HFTs go right back to doing whatever they do. In other news, we expect the CME to announce any minute that not only did HFT not cause the May 6 market crash, but that HFT in fact helped. We also expect Goldman to say they were, in fact, innocent of CDO fraud allegations.
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I love that color on Trish Regan. She just looks fantastic today.
But don't worry, Mandy. I'm all yours whenever you call.
Trish is the girl next door. Mandy is the trash on the corner. Marry Trish and play with Mandy.
CD: M/F/K rating scale.
MCC and Maria = K
lizzy,
I was always hopeless around girls. Which is why I married early and have been desperately hanging on since them. :>)
What I'm saying is that I'm as thick as a brick and don't understand your formula. Embarrasing yes, but if I'm going to learn, I've got to ask.
What is the M/F/K rating scale?..............................I'm almost afraid to ask.
Which would you marry, which would you fuck, which would you kill.
<Sound of palm of hand smacking forehead>
I knew I didn't want to ask. :>)
Reminds me of the old Borscht Belt joke:
"Don't ask how my day was."
"How was your day?"
"Don't ask!"
Ms Drury does kinda have a Joy Hicky (jaime pressly) resemblance... :-)
http://static.open.salon.com/files/joy_hickey1247771123.jpg
While Bloomberg's Lori Rothman, has got her Cougar town look down to an art form...
http://i214.photobucket.com/albums/cc181/anchorbabes/jan2009/LoriRothman...
When the market starts diving, is there a speaker on the trading floor like pilots have on their guide slope navigation system that starts sounding " PULL UP, whoop whoop, PULL UP!!! LOL
U.S. market curbs will be proposed on Tuesday
BOSTON/WASHINGTON (Reuters) - New curbs to slow stock trading when markets are plunging will be proposed on Tuesday, Securities and Exchange Commission Chairman Mary Schapiro said.
Makes sence, when the HFT bot's shut down due to a volatility spike, simply block all initiating short sales until they restart the bot's. I would suggest banning short sales altogether, but I recognize the bot's need the short sale orders to feed their breakout momentum algo's.
Banning short on HFTs? Or just in general?
I apologize for the confusion in my comment... My comment was based on my belief that the "Flash Crash" was exacerbated when the HFT bot's shut down due to the spike in market volatility. And since the bot's provide most of the the liquidity to the market, when they shut down the market became temporarily illiquid or insolvent. So the idea is, anytime the HFT bot's shut down due to a spike in volatilty, then ban short sales until the bot's start back up again and liquidity is restored. Either that, or ban the HFT bot's alltogether and we all go back to trading the old fashioned way ... ;-)
You mean slow down only the plunges but keep the speed up for the surges?
I propose the opposite of curbs when the market goes up.
Wait a minute...
"Mr. Gecko, Blue Star Airlines will be exonerated in the crash..." - Bud Fox
I'll take 100K shares of HFT...
Weird, we've got gold down, silver up, market down right now.
I enjoy reading this thread daily.
I enjoy reading this thread daily.
6:00 A.M.
"...They say our love won't pay the rent
Before it's earned, our money's all been spent
I guess that's so, we don't have a pot
But at least I'm sure of all the things we got...
Babe. I got you babe"
Flush and Ramp.... get er done Harry.
This market is sick.. like, unhealthy sick. The machines keep trying to mask it, the Fed's keep trying to mask it, the BD's keep trying to mask it. It's going to be really ugly when the mask at long last comes off.
I remember a situation where I was horsing around with my brother when we were around 9 or 10. He and I were on opposite sides of a door pushing it back and forth. After a few seconds, the pushing escalated until we were both pushing as hard as we could on opposite sides and we'd achieved a sort of stalemate.
The problem was how to des-escalate without getting hurt. If I let up even a little pressure, the door would slam into me. The same applied to my brother. And by this time each of us didn't trust the other to work together to solve the problem. And we were getting tired very quickly.
Eventually I tired first and tried to get out of the way when I let go, only to get slammed in the face and chest as my brothers weight crashed into me. Lot's of tears and crying followed.
Sounds like the same thing is happening in the markets and the first sign of serious problems was the Flash Crash. Tears and lots of crying will soon follow.
A most excellent analogy, indeed. Thank you, kind sir.
Do not try and push on the door. That's impossible. Instead... only try to realize the truth.
What truth?
There is no door.
LOL
"What about those tar balls showing up on the Key West beaches?"
"Don't try to stop the tar balls. That's impossible. Instead....try to realize the truth."
"What truth?"
"There are no tar balls and that slimy sticky smelly thing in your hands is a figment of BP's imagination."
CD, guess who is your brother and who is you...in today's stock market context. I definitely have the assumption that your brother probably works for GS or JPM.
There is no market...
Absolutely unhealthy and sick. That is the only way I have been able to describe the markets to people. Something is very very wrong the market is trying to find fair value and the distortions and attempts at distortions are having a smaller distortive impact. For months the markets appeared directionless and in recent months they have been looking like they are discovering their direction and it is certainly downward. In the end the only thing that does matter are fundamentals.
There is no such thing as a jobless, creditless, productionless, manufacturingless recovery and all trillions of dollars and accounting magic does is temporarily keep natural market forces at bay however in the end the selling blocks will become larger and more frequent and the machines will get out before everyone else and this coming 10% downday will ensure we get true reform.
You have that correct.
On the Business 'Tattler', oops, I mean Insider, Russell makes the call ... retest the March 09 lows.
The link below is a follow-up bit where an Elliot Waver chimes in with a 'C-wave' down. Sharp and steep.
http://www.businessinsider.com/this-chart-is-proof-that-richard-russells-crash-prediction-will-come-true-2010-5
It's like the groundhog day.
People only participate in order to sell and the rest is machine machinations.
You guys are making it difficult to spread the Gospel of Zero Hedge to the unwashed masses.
1. Some of your posts don't pop up in the RSS feed. Good thing you update your Twitter with any new posts, but you should still fix the RSS feed.
2. Whenever I share a post on Facebook, the summary text underneath the title is from a different post. So when I try to share this post, the text reads "There is a new war underway between two forms of capitalism. Western style multinationals are currently on the defensive. Look what happened to Google. An in depth interview on Hedge Fund Radio with Ian ..."
OK, now I'm going to go sit in the corner, plug myself in, and let my hipster doofus cred reserves replenish before the PPT starts raking my S&P short this afternoon.
The market is punch drunk, swinging at air. When the sellers occassionally come out of their corner for a moment the PPT gets floored by a little jab.
Wait till silent majority get serious, the white towel will thrown in pretty quick.
At the end of the day it will be angry mobs attending to public hangings of investment bankers.
Wishful thinking? If it gets that bad, it'll be more about "how do we get clean water and food?"
Lynching solves nothing... after those bankers get hung and no problems are solved, who does the mob kill next?
Right, because next we would have to lynch the majority of the population for much worse things, like going to war, voting for Bush then Obama, treating some people as illegal based on where they were born, injecting newborns with mercury (instead of silver) solutions, etc, and, wait, aren't we all using counterfeit money?
I, for one, am stunned that a/o 11:45 edt the S&P and Dow are both DOWN on the day.
"...it will be angry mobs attending to public hangings of investment bankers."
and SEC regulators.
Obviously Grandpa Buffett is not seeing the recovery.
http://finance.yahoo.com/news/Warren-Buffetts-Berkshire-cnbc-1263104421....
"We expect volume to die shortly, and the market to resume the ascent as the HFTs go right back to doing whatever they do."
If you guys know the script so well you should all be Trillionaires by now.
One must leave the foray slowly as not to set off the SEC's "new" alarm system. We will have a controlled collapse.
Something I think we may all be missing....
ECB and Fed are colluding in devaluing Euro. Why, you ask, when the debt is denominated in Euros? Glad you asked. The opening of swap lines today ensures that debt can be repaid in DEVALUED Euros. Additionally, ECB holds or has access to trillions in dollar denominated debt. Accords like this have been made many many times in the past.
+5
the HFT doesn't explain the spike in the Dollar when equities sell off. (and vice versa)
This is worth reading/viewing, too
http://finance.yahoo.com/tech-ticker/article/487564/Dow-Theorist-Richard...
We are taking the hill. There are Bull bodies and blood all over the place. Machine gun their dead carcasses once again just to make sure... Sgt Yogi was hit pretty bad, but still has a big grin on his face.. "we beat those bullish sons of b--tches!" Onward to the kingdom of Rahm we go!
Are the selloffs an intentional part of the program, lack of confidence in the markets, shortage of funds, scare tactic to drive money back into bonds, or all of these combined?
The market makers are reaping huge revenue with increased volume vs. low volume meltup if they are controlling this. It will be interesting to see if their 2Q results are the same or better. This will tell you if the selloffs were preplanned.