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 - 21:38 | 3085043 virgilcaine
virgilcaine's picture

Algos are on edge.

Thu, 12/20/2012 - 21:40 | 3085049 inevitablecollapse
inevitablecollapse's picture

meh...mere posturing, it's going to make that last second stick save in quintuple overtime that.much.sweeter

Thu, 12/20/2012 - 21:40 | 3085051 q99x2
q99x2's picture

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.

Thu, 12/20/2012 - 23:15 | 3085406 Being Free
Being Free's picture


Didn't he used to be Dow Chem CEO?

Thu, 12/20/2012 - 23:24 | 3085434 inevitablecollapse
inevitablecollapse's picture

nah, i think he was in that one movie with jenna jameson - i've been wrong in the past though

Thu, 12/20/2012 - 23:39 | 3085483 Being Free
Being Free's picture

Oh yeah your right.  I was thinking of starvesalotofus.

Thu, 12/20/2012 - 21:41 | 3085055 max2205
max2205's picture

Did the music stop?

Thu, 12/20/2012 - 21:45 | 3085074 muppet_master
muppet_master's picture

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.


Thu, 12/20/2012 - 21:42 | 3085059 rubearish10
rubearish10's picture

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!

Thu, 12/20/2012 - 21:42 | 3085063 max2205
max2205's picture

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

Thu, 12/20/2012 - 21:42 | 3085064 John Law Lives
John Law Lives's picture

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.

Thu, 12/20/2012 - 21:43 | 3085067 Jacque Itch
Jacque Itch's picture


The Mayans knew, bitchez.

That said, Dow opens up tomorrow following the boyz getting called into work tonight.


Thu, 12/20/2012 - 21:43 | 3085071 EARLPEARL
EARLPEARL's picture

i own 100,000 shares of tvix it is reverse splitting in the morning 1 for 10 should be interesting day

Thu, 12/20/2012 - 22:38 | 3085275 Muppet
Muppet's picture

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".

Thu, 12/20/2012 - 21:44 | 3085073 devo
devo's picture

Market will be up triple digits tomorrow. Bank on it.

Thu, 12/20/2012 - 21:46 | 3085089 Quinvarius
Quinvarius's picture

Probably.  And that will just be the S&P.  No way are they going to make America eat the big one on Christmas.

Thu, 12/20/2012 - 21:51 | 3085106 Tsar Pointless
Tsar Pointless's picture

Oh yeah? What if that was the plan all along?

Thu, 12/20/2012 - 22:01 | 3085159 Quinvarius
Quinvarius's picture

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.

Thu, 12/20/2012 - 22:04 | 3085175 Tsar Pointless
Tsar Pointless's picture

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.

Thu, 12/20/2012 - 22:08 | 3085187 Quinvarius
Quinvarius's picture

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.

Thu, 12/20/2012 - 21:59 | 3085149 nmewn
nmewn's picture

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 ;-)



Thu, 12/20/2012 - 23:31 | 3085458 Being Free
Being Free's picture

Thanks for the info nmewn, Here's a little Christmas ditty I think you'll enjoy.  Always enjoyed myself anyway.


Thu, 12/20/2012 - 21:44 | 3085075 Quinvarius
Quinvarius's picture

Fed has to bid this sucker up 20 points before 9:30am.

Thu, 12/20/2012 - 21:45 | 3085082 Seasmoke
Seasmoke's picture


Thu, 12/20/2012 - 23:31 | 3085456 Bunga Bunga
Bunga Bunga's picture

That wasn't racist, was it?

Thu, 12/20/2012 - 21:46 | 3085083 pragmatic hobo
pragmatic hobo's picture

GOP to the world ... have a merry fugging chistmas.

Thu, 12/20/2012 - 22:11 | 3085190 notadouche
notadouche's picture

Right because the other 2/3 of the ruling elites are completely blameless.  It's the damned 1/3 that are ruining everything.

Thu, 12/20/2012 - 21:47 | 3085084 Yen Cross
Yen Cross's picture

Usd/jpy barely budged. Abe is probably [Whistling Dixie] out his ass hole right now.

Thu, 12/20/2012 - 22:23 | 3085111 Ineverslice
Ineverslice's picture
indeed...Pepto on the rocks, hold the sea-urchant. Yen, how are the baramundi bitin' ?  Get up to Q-Land?
Thu, 12/20/2012 - 23:55 | 3085532 Yen Cross
Yen Cross's picture

 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/


Fri, 12/21/2012 - 03:39 | 3085991 Element
Element's picture

aye, finally getting warmer, been pretty good up to now though, you at Machans?

Fri, 12/21/2012 - 04:58 | 3086034 Yen Cross
Yen Cross's picture

 I'm tired. You win/  ( IRON BAR)

Fri, 12/21/2012 - 05:41 | 3086087 Element
Element's picture

ah ... Port Douglas ... one of my old haunts ... nice.

Thu, 12/20/2012 - 21:46 | 3085087 JackT
JackT's picture

Someone call the bat-phone at the PPT headquarters

Thu, 12/20/2012 - 21:46 | 3085088 Bunga Bunga
Bunga Bunga's picture

If Wall St needs a crash, then it will come.

Thu, 12/20/2012 - 21:48 | 3085102 q99x2
q99x2's picture

Dow 13,066 and falling. Let's see the FED catch this sucker.

Thu, 12/20/2012 - 22:03 | 3085169 El Hosel
El Hosel's picture

...... 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?

Thu, 12/20/2012 - 22:20 | 3085225 Chartsky
Chartsky's picture

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.

Thu, 12/20/2012 - 21:49 | 3085103 Tsar Pointless
Tsar Pointless's picture

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.

Thu, 12/20/2012 - 21:55 | 3085140 IridiumRebel
IridiumRebel's picture

If that's truly what you got, you're fucked....but hey! You'll be drunk!

Thu, 12/20/2012 - 22:01 | 3085157 cougar_w
cougar_w's picture

staying drunk is probably the most appropriate response.

Thu, 12/20/2012 - 21:57 | 3085143 El Hosel
El Hosel's picture

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!

Thu, 12/20/2012 - 21:50 | 3085108 buzzsaw99
buzzsaw99's picture

-1.5% Meh.

Thu, 12/20/2012 - 21:50 | 3085110 helping_friendl...
helping_friendly_book's picture


Thank God I have enough in cash to last a few weeks.

Thu, 12/20/2012 - 21:52 | 3085115 Victor Berry
Victor Berry's picture

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. 

Thu, 12/20/2012 - 21:52 | 3085118 nukleon
nukleon's picture

puh, I was long 2 ES.... just got out +/- 0....

Thu, 12/20/2012 - 21:53 | 3085123 Sathington Willougby
Sathington Willougby's picture

I only like ZH in non-DC hours, the sockpuppet Ntrepid generated accounts all go silent.

Thu, 12/20/2012 - 21:55 | 3085129 helping_friendl...
helping_friendly_book's picture

Paging Kevin Henry. Please pick up the courtesy telephone. Paging Kevin Henry.

Thu, 12/20/2012 - 22:20 | 3085228 HD
HD's picture

I have a feeling Mr. Henry's phone is set to vibrate in his pants pocket every time Ben calls.

Thu, 12/20/2012 - 21:55 | 3085135 chancee
chancee's picture

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.

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