Futures Flash Crash As ES Plummets To Limit Down

Tyler Durden's picture




 

No, really, there is a big, huge, massive rotation out of those dangerous, inflationary bonds into safe, predictable equities...

 

Depth of market, or lack thereof, chart from Nanex.

 

And, the VWAP strange attractor those GETCO algos love so very much:

How shocking! Nope, not really. From November 13:

We can summarize it as follows: the lame duck congress will posture, prance and pout. And it is a certainty that in the 15 (see calendar below) remaining days it is expected to be session it will get nothing done. Which means, that once again, it will be up to the market, just like last August, just like October of 2008, to implode and to shock Congress into awakening and coming up with a compromise of sorts. Only this time, now that Bernanke has shown he will "get to work" at a moment's notice, the impetus to do anything as a result of even a market plunge will be far less. After all why lose face, and put your career in jeopardy when there is the Fed which, supposedly, can offset a market crash, courtesy of the shining example set by Chuck Schumer.

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Thu, 12/20/2012 - 21:27 | 3084987 mjorden
mjorden's picture

Anyone up for a game of poker?

Thu, 12/20/2012 - 21:27 | 3084990 flacon
flacon's picture

I have full faith and confidence in the US Government..... LOL!

Thu, 12/20/2012 - 21:30 | 3084997 Stackers
Stackers's picture

and the USD is up 50bps against the EUR ?????

Thu, 12/20/2012 - 21:32 | 3085007 ACP
ACP's picture

Maybe es will test the 1391.25 low it made just now, tomorrow.

Edit: I almost forgot...Merry Christmas!

Thu, 12/20/2012 - 21:44 | 3085060 malikai
malikai's picture

Pretty spectacular. I guess this means it's partytime for the next week or so.

http://blog.quantsig.net/2012/12/21/sp-dipclose/

Thu, 12/20/2012 - 22:41 | 3085290 THX 1178
THX 1178's picture

What do the Mayans know that we don't...

Thu, 12/20/2012 - 22:45 | 3085302 astoriajoe
astoriajoe's picture

how to grow maise.

 

Thu, 12/20/2012 - 22:48 | 3085313 TuesdayBen
TuesdayBen's picture

See Iowa.

Thu, 12/20/2012 - 22:57 | 3085344 Tijuana Donkey Show
Tijuana Donkey Show's picture

GMO frankencorn fed with loads of fertilizer is not maize. 

Thu, 12/20/2012 - 23:06 | 3085367 CrockettAlmanac.com
CrockettAlmanac.com's picture

You call it corn, we call it maize.

 

http://www.youtube.com/watch?v=cuOlD0JZhM4

Thu, 12/20/2012 - 23:45 | 3085490 Spirit Of Truth
Spirit Of Truth's picture

Syria was firing off SCUDs today from Damascus toward a rebel base near Aleppo:

https://twitter.com/CBSNews/statuses/281799345119047681

http://www.jpost.com/MiddleEast/Article.aspx?id=296800&R=R3

Wonder if there's any intelligence regarding chemical weapons use:

http://thespiritoftruth.blogspot.com/2012/12/whats-really-going-on-in-sy... 

Fri, 12/21/2012 - 00:18 | 3085534 Enslavethechild...
EnslavethechildrenforBen's picture

I'm calling the author out on this one.

Our "Politicians" and the "Bankers" are one and the same.

Any argument to the contrary will be met with ridicule and cat calls.

The fat finger throws darts to decide when and what to do.

Are you good at charting where a dart will land?

Fri, 12/21/2012 - 02:37 | 3085957 francis_sawyer
francis_sawyer's picture

Waddell & Reed are Mayan?

Fri, 12/21/2012 - 08:01 | 3086156 GetZeeGold
GetZeeGold's picture

 

 

By marriage only.....but yes.

Fri, 12/21/2012 - 00:47 | 3085755 Element
Element's picture

 

 

"Syria was firing off SCUDs today from Damascus toward a rebel base near Aleppo:"

 

You might want to look-up the range and role of Scuds, but do you even know where Aleppo is? 

Ask yourself; why would the Syrian military ever consider using scuds?

Next ask yourself; did they?

Fri, 12/21/2012 - 00:57 | 3085790 jeff montanye
jeff montanye's picture

And say besides, that in Aleppo once,
Where a malignant and a turban'd Turk
Beat a Venetian and traduc'd the state,
I took by the throat the circumcised dog,
And smote him thus.

Fri, 12/21/2012 - 01:31 | 3085834 CrockettAlmanac.com
CrockettAlmanac.com's picture

Author! Author!

Fri, 12/21/2012 - 01:02 | 3085792 jeff montanye
jeff montanye's picture

at the time pretty much only muslims and jews circumcised males.

Thu, 12/20/2012 - 23:28 | 3085444 smlbizman
smlbizman's picture

i cant get my dollar to slide into that chicks top....

 

Fri, 12/21/2012 - 00:42 | 3085740 HurricaneSeason
HurricaneSeason's picture

And not use it to screw up gasoline.

Thu, 12/20/2012 - 21:32 | 3085011 nope-1004
nope-1004's picture

 

 

It was fat finger.  No wait.... selling because of Sandy...no, sorry, it was a short week  .  .  .  next week ? ! ?

Oh shit, I give up. 

Thu, 12/20/2012 - 21:35 | 3085031 ACP
ACP's picture

No, it was Boner's rosy palm.

Thu, 12/20/2012 - 21:41 | 3085047 TruthInSunshine
TruthInSunshine's picture

Stocks can't fall. I expect everything to be markedly green by tomorrow, because The Bernank is on the case, and Santa is coming to town.

The Bernank can't afford to let his "virtuous circle" that has consumed 3 Federal Reserve Notes for every 1 Federal Reserve Note of "market wealth" (i.e. on paper & quite prone to vaporization) break down, as his radical interventionism (Paul Volcker's words; I posted the video of his speech 8 weeks ago) would then be demonstrated to be idiotic and quite destructive for all of time.

"Get To Work, Mr. Chairman".

Thu, 12/20/2012 - 21:42 | 3085058 ACP
ACP's picture

It would interesting to have a Doomsday crash though, as unlikely as it may seem.

Fri, 12/21/2012 - 00:22 | 3085640 JPM Hater001
JPM Hater001's picture

Never Stop believing...

Never...Until 4.01 PM EST

Then you can start believing in change...

Fri, 12/21/2012 - 00:34 | 3085706 TruthInSunshine
TruthInSunshine's picture

Volcker publicly said Quantitative Easing & Large Scale Asset Purchases were major monetary policy failures just 8 weeks ago while speaking at NYU's Stern School of Business-

At 0:50:25:

Volcker Shreds Bernanke & The Radical Federal Reserve (says they're using "extreme measures" that are ineffective)

I'm sure most of you know this, but it's incredible for a former Fed Head to so savagely & publicly rip a current Fed Head and the other members of the Fed.

Fri, 12/21/2012 - 01:44 | 3085856 Freddie
Freddie's picture

Volcker is a lifelong Dem and ran the world bank.  He is a stooge for the elites.  Volcker does know more about economics than The Benank and that evil fool and idiot Kurgman.

Fri, 12/21/2012 - 02:30 | 3085947 Pinto Currency
Pinto Currency's picture

 

Volcker loves open and clear discussion about his affiliations:

 

http://www.youtube.com/watch?v=l4veEzbV82w

Thu, 12/20/2012 - 21:46 | 3085090 Ineverslice
Ineverslice's picture
yes, but let us rejoice...if not, but for some fleeting moments as we hear those nostalgic words, limit down...takes us back to Christmas Past, where price discovery could be had.   Merry Christmas.
Fri, 12/21/2012 - 01:04 | 3085801 flacon
flacon's picture

May 6th, 2010 we had a REAL LIMIT DOWN. 

Thu, 12/20/2012 - 23:15 | 3085404 The trend is yo...
The trend is your friend's picture

"paging mr chairman, mr chairman"

Fri, 12/21/2012 - 00:27 | 3085675 algol_dog
algol_dog's picture
Goldman Sachs: Stocks Are the New Bonds

 

 

http://finance.yahoo.com/news/goldman-sachs-stocks-bonds-150529747.html

Fri, 12/21/2012 - 08:03 | 3086157 Al Gorerhythm
Al Gorerhythm's picture

No, it was Boner's palm, Rosy.

Fri, 12/21/2012 - 03:19 | 3085982 123dobryden
123dobryden's picture

shit is shit, this morning this particular shit stinks a bit less, but wait there is a cliff for a dinner, next morning better come with gas mask

Thu, 12/20/2012 - 23:55 | 3085533 The trend is yo...
The trend is your friend's picture

perhaps the mayans had it right...I new beginning...a more cleansed world...only if

Fri, 12/21/2012 - 01:17 | 3085592 algol_dog
algol_dog's picture

A new beginning is right, but to get there the Mayans had to start sacrificing people to appease the angry blood-lust Gods. So who shall we sacrifice first ....?

Fri, 12/21/2012 - 00:03 | 3085560 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"I have full faith and confidence in the US Government..... LOL!"

Me too!

The complete question is to do what!

Fri, 12/21/2012 - 00:07 | 3085568 Enslavethechild...
EnslavethechildrenforBen's picture

A complete set of instructions is preserved in original copies of the Declaration of Independance...

Fri, 12/21/2012 - 00:38 | 3085719 Stoploss
Stoploss's picture

It appears the little Mayans may have messed up on the calendar by putting the M upside down as to be read as a W.

12/21/2012 is the end of the Market, not the world.

So, congratulations on surviving the end of the world, and good luck trying to survive the end of the market tomorrow.

 

And Merry Christmas.

Fri, 12/21/2012 - 01:46 | 3085816 Cash2Riches
Cash2Riches's picture

The Madness continues. This whole thing may blow apart soon. Keep stacking your gold and silver. Get the word out to friends and family. Get them in the only thing that will protect them!

 

http://www.wholesalegoldgroup.com

Thu, 12/20/2012 - 21:30 | 3084998 ihedgemyhedges
ihedgemyhedges's picture

I'm always willing to poker.  What's her name???????

Thu, 12/20/2012 - 21:42 | 3085065 ZeroAvatar
ZeroAvatar's picture

Hillary.  Hillary Napolitano.

Thu, 12/20/2012 - 21:55 | 3085133 Marge N Call
Marge N Call's picture

Does up arrow mean I agree, or does up arrow mean I agree they are both disgusting??? Forgive me I am US public school product. i know all about homosexual parents though!!! Please, ask me a question about homosexual parents or social justice, please!

 

Thu, 12/20/2012 - 22:24 | 3085239 knukles
knukles's picture

I stared at the line to ask you about homosexual parents or social justice and for the life of me, I could not come up with a single fucking question.
And they have entire courses on this stuff.

Jesus, we are sooooooo screwed.

Who was it the other day said they used to spend time protesting about Clinton not going to jail for lying to Congress?
Oh. things have gone all to shit in such a short period of time.

Thu, 12/20/2012 - 22:58 | 3085353 Tijuana Donkey Show
Tijuana Donkey Show's picture

Nowdays, you go to jail for not lieing to congress.

Thu, 12/20/2012 - 22:47 | 3085311 moonstears
moonstears's picture

Quip o' the day, Marge +1

Fri, 12/21/2012 - 01:51 | 3085876 Freddie
Freddie's picture

God. I feel like Amerika morphed into O's Zimbabwe gulag in the past few years. 

People here on ZH have developed this dark cynical and depressing humor that Russians had during the USSR and Stalin. 

I guess they used it to cope with full time ENDLESS lying propaganda (ALL of TV and Hollywood) and insane political corruption.

Fri, 12/21/2012 - 03:51 | 3085999 Things that go bump
Things that go bump's picture

Another Christmas of Agony -

“Mischa the dog lies dead in the bog.

The children cry over the carcass.

The mist chokes my heart, covers the mourners.

At least this year we eat.”

From the TV show Cheers.

Fri, 12/21/2012 - 09:24 | 3086289 Marge N Call
Marge N Call's picture

The US has become ungovernable, which was probably the intent of the Founders. Except that they imagined I suppose, through checks and balances, limits of power, and a critical citizen media, the States would govern themselves by default, instead of a Federal thug/parasite "government" worse in many ways than a Monarchy. In the end they knew the people couldn't hold on to liberty and freedom for long, hence the 2nd Amendment.

All the scare tactics and shrieking from the politicians (on both sides) are to make sure people forget that the ENTIRE purpose of the people bearing arms was to keep the POLITICIANS in DC in check. Of course we never hear them say that. Forget the fact that any "arms" a US citizen can get is a pea-shooter compared to the arsenal that Fed and state goverments have.

Still don't believe it? My brother lives in Newtown CT. Within hours of that sick fuck massacring those little kids, he said all kinds of combat-style vehicles were coming out of the woodwork, loaded with CT state troopers. He had no idea how many military-type "assets" the little state of CT has, ready to be deployed in minutes. Of course that's just in case of terrorists, right? Think they DON't have armed drones?

I'm not a gun-nut, but my brother is. You could hear the gears in his head spinning as he told me a about the crazy shit the State police/HMS has, like "holy shit they basically have a shadow military ready and waiting to be unleashed on the citizenry".

Seems like TPTB know exactly where the future is headed, and it's not pretty for us common folk. Hope I'm wrong, but look around you; we, the citizens, are being conditioned to accept more and more "security" and less and less freedom and privacy. Of course it's ok for our politicians to launch drones on some third-world children, that's different, they are just collateral damage in the course of keeping us safe from the bad guys. Not a fucking peep from our so-called Fourth Estate. It sickens me. I think it's the first time both my radical left wing and crazy right wing friends agree: the government is getting us ready for SOMETHING.

Merry Christmas!!!

 

 

 

Thu, 12/20/2012 - 21:30 | 3085001 Shizzmoney
Shizzmoney's picture

Sure, we can play HU on PokerStars, table name......oh....wait.

DJIA Futures down 250 in pre-trading.  Merry Christmas, guys!

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