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Futures Flash Crash As ES Plummets To Limit Down
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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Keep up the good work/ you deserve it.
Those X-3 trades are risky ( currently 14.67) And you guys beat me up over trading F/X?
Algos are on edge.
meh...mere posturing, it's going to make that last second stick save in quintuple overtime that.much.sweeter
If equities and bonds aren't safe then they will start a war or something for Christmas. Looks like Boehner stepped in a puddle of ice water and got everything all snuffaluffagus.
snuffaluffagus...
Didn't he used to be Dow Chem CEO?
nah, i think he was in that one movie with jenna jameson - i've been wrong in the past though
Oh yeah your right. I was thinking of starvesalotofus.
Did the music stop?
quick odummernomics
PARDON MADOFF (you've already pardoned corzine)...madoff knows how to run a ponzi scheme, FOR MUCH LONGER than bQE (bernanQE) you stupid QEorganizer... i know bQE is "just following orders" from you...
YOU really know how to pick em:
-50% loss on GM
-100% loss on solyndra.
ROFLMAO !!!!
House Leaders : Relax, we were just checking on the market reaction. We'll vote now. Just kidding!!!
When will confidence be lost in US policy, when? If this doesn't do it, then all is forever a scam!
I have a boatload of out of the money puts that die Friday. Tell me the printer broke or Ben is out till 1 jan
This is a sign of the times. The number of Americans on Food Stamps is approaching 50 million, yet it takes a dip in the stock market to get the attention of bureaucrats in Washington DC. It is obvious who their whoremasters are.
100% FUBAR.
Weeeeeeeeeeeeeeeee!
The Mayans knew, bitchez.
That said, Dow opens up tomorrow following the boyz getting called into work tonight.
i own 100,000 shares of tvix it is reverse splitting in the morning 1 for 10 should be interesting day
That is an amazing and bold positon. I have been defensive and fine but you remind me of Mel Gibson in We were soliders.... when he says "tomorrow they will try to finish us off.... we need to hit 'em now with everything we got". Good luck. And PS from the same movie: "Boehner is a pussy Sir".
Market will be up triple digits tomorrow. Bank on it.
Probably. And that will just be the S&P. No way are they going to make America eat the big one on Christmas.
Oh yeah? What if that was the plan all along?
The dollar will collapse. The government will implode. The non-economy will solidify into a rock. Gold will go to $7500. Basicly, not a good plan IMO.
Not good for you or I, perhaps, but there ought to be more than a few people in the world who would benefit from such events unfolding.
Hint: They are all grossly rich and powerful.
It was a bad day when I realized there really were super villians bent on global destruction for personal gain out there, just like in the comic books. Fortunately, most of them are stupid and/or old and flabby. But they are out there.
Of course not...on the 23rd of December 1913, the Federal Reserve Act was enacted.
Annnnd...IIIII'llllll be hooome for Chistmas, if-only-in-my-dreams. Sorry, I'm really into the Christmas Spirit this year, for some reason ;-)
http://www.youtube.com/watch?v=0Q0kXr-cj0o
Thanks for the info nmewn, Here's a little Christmas ditty I think you'll enjoy. Always enjoyed myself anyway.
http://www.youtube.com/watch?v=674ZPMoQLR4
Fed has to bid this sucker up 20 points before 9:30am.
BLACK FRIDAY......WHITE CHRISTMAS
That wasn't racist, was it?
GOP to the world ... have a merry fugging chistmas.
Right because the other 2/3 of the ruling elites are completely blameless. It's the damned 1/3 that are ruining everything.
Usd/jpy barely budged. Abe is probably [Whistling Dixie] out his ass hole right now.
That is the best fish! Fillet and breaded in extra virgin olive oil, with giant prawns. Got back almost a week ago.
Thanks for asking mate. I spent the majority of my time in Queensland. Hot as a sweat box. Merry Christmas/
aye, finally getting warmer, been pretty good up to now though, you at Machans?
I'm tired. You win/ ( IRON BAR)
ah ... Port Douglas ... one of my old haunts ... nice.
Someone call the bat-phone at the PPT headquarters
If Wall St needs a crash, then it will come.
Dow 13,066 and falling. Let's see the FED catch this sucker.
...... Measured move to 12,800 lines up if they don't call in the Bazookas. Naaaaaaaaaaaah, triple Witch Friday open down 50O INDU? Maybe "the Team" is short?
Not NEARLY the first time some weird $hit happened during the Globex Session right before options expired.
I wonder how much Goldman-$ach$ got into just before the close today (Thursday) knowing what would be happening after hours. Hmmmmm.
Got whiskey, vodka, cranberry juice, and orange juice. Not to mention Cheez-Its and potato chips. Oh, and enough water to last at least a week, until I can forage out after the MayanApocalypseTM.
I'm ready.
If that's truly what you got, you're fucked....but hey! You'll be drunk!
staying drunk is probably the most appropriate response.
I bet the market riggers are going on "red" alert, too funny.... Somebody going to have long night hitting the big digital buy button.
Fix It Again Timmy, plenty of FIAT waiting and ready for all such matters.... "orderly" markets are the "mothers milk" of the Great Ponzi, we will have no disorder!
-1.5% Meh.
FUCK CONGRESS!
Thank God I have enough in cash to last a few weeks.
The smartest guys in the room have been bidding up the markets on the assumption that Dems and Repubs would reach a budget agreement to avoid the fiscal cliff. Just what is their collective IQ? Oh wait, they have access to the after hours market to minimize their losses while poor Joe Schmoe will have to wait until tomorrow morning. I guess they are pretty smart after all.
puh, I was long 2 ES.... just got out +/- 0....
I only like ZH in non-DC hours, the sockpuppet Ntrepid generated accounts all go silent.
Paging Kevin Henry. Please pick up the courtesy telephone. Paging Kevin Henry.
I have a feeling Mr. Henry's phone is set to vibrate in his pants pocket every time Ben calls.
So basically... The squid et al will scare the living hell out of the politicians if they even dare not sort out this 'cliff issue' to Wall Street's liking. Washington will comply with some emergency piece of crap deal that does no good, and a few months later everyone will be trying to figure out why such a bad deal was made that accomplishes nothing. (see: TARP, etc)
In the meantime, no one bothers pointing out it was Wall Street and CNBC that championed every horrible policy over the last 25 years that got us into this mess and blew bubble after bubble. Yet, CNBC now insists we must RISE ABOVE.
Where is Al-Qaeda when you need them?
Al Qaeda is in Syria being backed by Obam. He is arming them (and the latin drug cartels) but he wants to disarm you.
I assumed that was Blackwater! I thought those guys just crossed the border when the Iraqi Cabinet voided American immunity?
Where is Al-CIAda? Langley, VA.
Anything else is conveniently defined as either anti-business or class warfare.
Sometimes I wonder who my friends are.
Ben is running out to Walmart to clear the shelves of Slap Chops and Schtickys.
don't forget your obama shamwows
Where is that crazy cross-eyed, ShamWow guy? Haven't seen him in a while. Guess his MedicAid ran out.
He pulled a Marv Albert on some chick. I'm not the type to spread rumors but if I remember correctly, he beat the shit out of some chick because she "wanted" him to. Then she turned him in. Women, can't beat 'em....
Z/H has turned into Comedy Central/
He's out at Capitol Hill Liquors clearing the shelves of Scotch.
The markets were angry, my friends, like an old man trying to return soup at a deli...
OMG !!!
quick odummernomics, do something (doo-dooo poo poo)...the spx casino futures are down -1.5%...never mind that they've been pumped up more than 100% since 3-2009...
you don't want the fat kitties (1%ers) to "SUFFER" ...do you?
the "fed"
has no money....DEBT LIMIT has been breached.....
unless they confiscate IRAS and use that to prop up the casino...just like corzine ROFMAO !!!!
its 12-21-12 biatch !!!! LOL !!!!!!!
yes the "fed" = rapist SOBs rape the 99% with DEBT and inflation....courtesy of odummernomics-the rapist-in-thief
I am starting think calling the Fed "rapists" is redundant.
Same thing happened in all the risk currency pairs: USDJPY, AUDUSD, EURUSD, etc.
Looks like a massive dose of risk-off.
:D
Orly,
You watching the AUD? Holding on the 50, it's bounce patten after every risk off, then trades on the 100. Lame huh? I don't think this will be the big risk off opportunity. But a nice warm up for 2013 imo
All about the machines in 2013...
then again...it could be.
aud/usd has been sold all week, via Sovereign and real money repratriation. It's helped to cap trades like aud/jpy, and given away to eur/aud, and gbp/aud.
SNB and BUBA bought massive aud during the E/U debacle this year. Other large macro funds also. (70% of aud bonds are foreign held) the aussie 2year notes are worth watching.
the ASX200 has gotta to blow, look at it??? Crazy with copper/gold sell off. Nervous becuase of the HFT stops, what i want is the longs cut hard, if you are right about repatriation, hopefully the panic will set off the HFTs to short.
Then it gets very interesting as longs sell off and HFTs lower ranges trying to entice positions, market might be cheaper on the extreme. hopefully
ASX, DAX, Hang seng... The aud is correlated with spx, gold, oil. I think gold is coming up on a really good buy point here in the 1610 area. Silver is way oversold/ I'm getting ready to load up.
China had net inflows of capital for the first time in months, yet they are reverse REPOing and the Shanghai is in the shitter.
Chinas banks are in bad shape, Q-4 earnings will suck, debt ceiling/fiscal cliff, Europe sovereign debt payments, lower rates of saving, tax increases-capital gains... Those CNBSers are living in fantasy land.
I wonder if the algo's have the 1987 sell protocol written into the data-banks, that being HK going down 4%, Dax 4 to 5%, Europe opening into hell. Gld/silver should be bid if we get our first in a long year of HFT volatility/selling, since they were the only things buying ranges and sucking in longs.
Why?
I want to buy a really nice bottle of tequila at some point...
I would love to drink it with ya/ let's keep it anejo or reposado. That way we can dip our " Cohibas" in it!
No algos in 87, it's going to be even bigger/ ;-)
Yes, but I want the algos to freak out like 1987, panic Asia, then the world. I will be drinking Añejo listening too this http://youtu.be/evCPDj2D1bU
We'll have " Long Soup Line" shit on the algos. When she blows, it will be systemic/ I'm amazed at how well certain bonds and currencies are holding up.
The United States is really losing it's currency and bond ( hegemony), and we have a couple of little girls fighting over $200b, in a $1Trillion annual printing fest!
P.S. Terminator soundtrack was a keeper :-)
I'm thinking all those "hardline" congress critters know they got elected to serve small business/mom and pop shops who have all their life savings tied up in their businesses and don't own stocks or give a fuck about the market. Now you have the bankster ball licking leaders of both parties huddled together trying to figure out how to unfuck the situation and save the stock market which they haven't finished selling into.... or at least I'd like to think that... but then I always go for the underdog.
I hope those stupid cunts cut spending and balance the budget. It will be 1932 all over again. I just watched the punk ass congresspunk from Kansas talking about cutting spending.
Those idiots are going to send us into a deflation death spiral no matter how much they print.
This is going to be great!!!!
PM are going down as margin calls are triggered. Got to cover those margin calls! Margin is a bitch!
I'll be buying AU as investors sell gold into margin calls.
Saw it in 2008 during the TARP fiasco. I'll be a buyer at $1200/oz. Then it will go to $2500/oz +.
Balance the budget? Do you realize how many will have to die if they do that? Literally, I ain't kidding. Cut spending? You mean
reduce the deficit, but not the debt, they will still have to borrow, but maybe only have to borrow 99.5% of what they did last year? This aint ending well
on either side of the fence. No matter what they do. It's just circus show right now for the masses.
Just the words "budget cut" spoken will send the world into a death spiral.
http://www.zerohedge.com/news/2012-12-10/steve-keen-lessons-fiscal-cliff...
Briefing on the Fiscal Cliff Professor Steve Keen www.debtdeflation.com/blogs Page 14 www.debunkingeconomics.com reasons to avoid the Fiscal Cliff, and to alter the public discourse on debt so that it focuses on the dominant problem, which is the private debt bubble that caused this crisis in the first place. Figure 14: GDP plus the changes in debt 1925 ? 1945 Takeaway ? Points ? ?2nd wave coming?
tsunami...
You called??
$hit meet the fan.
Same thing happened some weeks ago with silver... and then the raid came some day later.
$hit meet the Fan.
ROFLMAO
Did this crash tie in with the U.S. House vote and Boehner saying he did not have enough votes. Maybe he was crying and hit a key by accident. Any case off the cliff we go and this is example of what the cliff looks like. Parachutes anybody or are those optional since Big Ben will come in and save the day.
"Anything to help the Nations credit card bill" ...as in get the interest rate down
Not to gloat, but with my cap gains from my margined UVXY buy from three days ago, I plan to pay up for the privledge of being the meat in a Eva Notty-Carmella Bing sandwich this weekend!
Seriously, if I don't contract at least 4 separate and distinct venereal diseases, I'll consider this weekend a total loss
they serve eva nott-carmella bing sammiches in missouri?
With Carmella-ized onions! You provide the "mayo".
You' have to fly them out, but yeah, I'd bet you could make that happen
i love this country
GC shows very late reaction...
I don't see gold doing jack shit till mid to late 2013 from about a 1300ish base.. but it will hold up better then any other asset just the same.
What no Rimmmmmmmmmmmmmmmmmmmmmmmmmmmmmberrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr ?
Since it was clear that Plan B would never get past the Senate, what does it matter whether it passes or not? I don't understand why Boehner doesn't hold the vote anyway. Any Repubs (or Dems) that don't care to be blamed for the tax increases can vote for it. And the ones who vote against the bill can take credit for the tax increases. Everyone gets what they want.
Where's the drama in that? This carefully scripted gay snuff film must play out to its climax like a broadway musical.
Investors must see return.
http://www.youtube.com/watch?v=K08akOt2kuo
Somebody is fucking up the plan to keep everyone spending and happy til after Xmas/NY. Holiday shopping must totally suck if that plan is being subverted.
I have been joking about doomsday all week, maybe it's happening? Party like a teenager this weekend for sure.
Yeah the retail news that will come out in January is probably going to suck a donkey.
Next time you hear a helicopter go over, look up for the falling money.
First time CNBC got it wrong all year....
Have no fear in this Federal Reserve rigged market. In a momonents notice they will get buying to come out from nowhere.
Now back to your regular bull market, sorry for the interruption. There are yearly bonuses, fund managers and banksters to maintain.
+1 for momonents, intentional or not. ^_^
It's going to be a glorious Mayan Expiration day
Quintuple witching day? Stock index futures, stock index options, stock options, single stock futures, and the entire fabric of Mayan space-time, all expire tomorrow.
tax selling plus attack of the alogos and robots
Other that the players, who really cares about the stock market?
"Its a racket. Those stock market guys are crooked." (Al Capone)
Global Economy Facing Serious Danger As The Third Largest National Economy Is Now Very Likely Going To Plunge Into Oblivion And This Time Is Different
http://investmentwatchblog.com/global-economy-facing-serious-danger-as-the-third-largest-national-economy-is-now-very-likely-going-to-plunge-into-oblivion-and-this-time-is-different/
It's the End of the World As We Know It. The Mayans really did know something about Congress :)
tell me that BONER did not know that he was short votes/spy
Short votes.........but long SPY Dec puts.
Sooo, it's not stocks but PMs that are forward looking. Who'd a thunk it.
<----- awesome
<----- not awesome
http://money.cnn.com/data/premarket/
The Mayans were economists.......
TEOTWAWKI
Seeya at 6:12AM EST
When did that dive in the S&P futures happen relative to the no "Plan B" vote in the house? Anyone know?
Well, I don't think there is any question about it. It can only be attributable to human error. This sort of thing has cropped up before, and it has always been due to human error.
I'm certain you intended your post as sarcasm. Good one!
You will know when the SHTF when you see gold futures up one night $200 and another move of $200 during market hrs.
Until then, party on and put all on plastic so they can inflate away.
Silver looking very interesting.
Did congress get short? Was Hank Paulson back in DC, anyone?
Quatzequatel just came by for a beer. He says "I will see you all tomarrow; bitchz!"
FIRE IN THE HOLE!!!
lol
Are those Tepper balls I see nailed to the wall?
Posted at Seeking Alpha:
And I say the Ninnies do NOT want anything resembling a Flash Crash, which would destroy Christmas spending.
Nor do they want to give in to Worldwide Shorts United in any way, shape, or form.
And now, due to their own turning a blind eye to the (at this point wayyyyyyyy overdone) routs in Gold and Silver, the easiest way to preserve confidence and show that something viable IS going to be figured out before the end-of-year deadline is to actively BOOST Gold, Silver, and the PM stocks tomorrow.
They may not listen to the New Market Mechanics.
But it's an easy way out for them and bleepity bleeps a whole lot of HFTs and rogue traders - including, as we kniow, many out-and-out criminal organizations - around the world.
In fact, if I were the Obama-ites, I would accompany it with an absolute media blitz about "Tea Party Wing of GOP wants to destroy our Christmas and our Economy" and organize demonstrations at every district office in the nation.
But the above is of no use if an HFT Flash Crash occurs. So stop it the way you ALWAYS have to stop it, with a nice - and at this point DESERVED - Rally in Gold.
I caught it/ Seeking Alpha is finally acting like a real trading site. Been a member for 2 years and posted 5 times?
Bunch of wanabe asshats talking their call spreads/ thanks Venerability
Fuck you motherfuckers. All of yous can fuck off you bloody fucks. I'm taking all you fuckers down the fucking fiscal fucking cliff you fuckheads. Feel my fucking wrath you motherfuckers. Pay the fuck up, fuckers!!!!!
Shoulda ended with, "Fuck you, you fucking fuck!"
Oh yea BITCHEZ, IridiumRebel kicks ass to!
HooWah!
Ka Fricken BOOM..Throw the hot potato around and keep nuking it everytime someone gets their hands on it. Want a visual, put a hot dog in the microwave and set the time at four minutes on high. For best results use a Vermont Mckenzie frank that is naturally encased. We are at the 2:45 minute mark, watch the experiment to see where we are going. Fiscal cliff? how about fiscal hot dog to make it easier for your mundane little brains to understand... The Derivitive Ponzi is coming unglued...Even 85 billion a month after 15 previous Trillion aint going to cut it...
Hmmm...who thinks that some big money sold a lot of gold and/or gold shares so they could buy some equities after the engineered crash?
Equities to be sold after the ramp caused by a "deal" to be telegraphed early to TPTB who sold the gold.
Gold sales frontrunning ES mini crash launched margin calls. Happened after first QE launch.
Wow, that means gold really is the smart money for once
Does the Fiscal Cliff precede the End of the World and if it does not who cares.
It will be the Fiscal End of the World.....as the CBs around the world will be printing as we go over the Cliff.
Thanks for the update Tyler. I now can go to sleep knowing there's a chance this charade may stop,... oops, I thimk I'm having an erection. BRB
I cannot believe what happened.
Does that mean that actually there are conservatives left in america?
Two or three/ We like air-conditioned buildings.
Obama and the democrats had us beleve that all the conservatives were dead and buried and everyone was transformed into a far left liberals overnight.
Like the conservatives were all doused with fairy dust.
Only 1000 dow pts per day 3 days in a row will convince me that the Gov + Fed have given up.
Anything other that, it will be just a drop in bucket. PPT = Trading Desks of Primary Dealers will get orders by the Treasury to buy as much as they can with "reserve money", not that much is left to buy anyway, but you know, some crums here and there still roaming in the market.
What a load of crap...only stopped shorting BECAUSE today is the end of the world.
Breeeeeathhhh.
Like it's the end of the world or sumthin.
and anyway, I'm gonna go conjur some spiriit on the drums.
I'll let you know how it goes
hang in there
The bond bubbles are a blowing too. Russia says they ain't had a winter this cold since 1938. The ex-wife had a mild case of frost bite on her foot up in her garage rafters (SoCal) the other night. I gave up balancing the pencils for this year. Seems like the world's gonna end. Oh that reminds me Coast to Coast am, world cataclysms in 30 minutes. What would I do if this were my last day to live? Well I wouldn't be listening to George Noory I can tell you that. It's not going to end yet. That would be way too easy.
TVIX at 90 cent.
I just fucked so I'm ok.
Between Noory and ZH, I have a much better feeling about TEOTWAWKI.
Put your shorts on!
major averages halfway through formation of right shoulder in h&s that began in january
I just love the fact that you have to put, "No Really!" in the title when the news is really bad.
What happened to the Nikkei? Ran out of gas pretty quick this time. Maybe they can lease Bernanks PPT after hours. I'd say its time to come up with a better term than QE. Nobody knows what that shit means. Why don't they say "We are going to take everyone and their grandchildren's money and give it to the banks so they can buy stocks with it" and quit beating around the bush. QE ain't what it used to be. They need better PR.
I live in Norway so its too damn cold to put on shorts . Its the end of the world anyway and hell is cold or hot???
Anyway, the last man going out the door; please turn off the lights!
Merry Christmas btw.
oh my god its the sun!"
"the sun?" "what is it?"
"its the large fiery ball in the center of our solar system."
"now its the large fiery ball in the center of our galaxy."