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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yogibear's picture

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.


VisualCSharp's picture

+1 for momonents, intentional or not. ^_^

gimli's picture

It's going to be a glorious Mayan Expiration day

rehypothecator's picture

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.  

working class dog's picture

tax selling plus attack of the alogos and robots

ThisIsBob's picture

Other that the players, who really cares about the stock market?

"Its a racket. Those stock market guys are crooked."  (Al Capone)

tooriskytoinvest's picture

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



neutrinoman's picture

It's the End of the World As We Know It. The Mayans really did know something about Congress :)

Zer0head's picture

tell me that BONER did not know that he was short votes/spy

SmoothCoolSmoke's picture

Short votes.........but long SPY Dec puts.

razorthin's picture

Sooo, it's not stocks but PMs that are forward looking.  Who'd a thunk it.

IridiumRebel's picture

<----- awesome

<----- not awesome




The Mayans were economists.......


Seeya at 6:12AM EST

hairball48's picture

When did that dive in the S&P  futures happen relative to the no "Plan B" vote in the house? Anyone know?

HAL 9000's picture

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.

Michelle's picture

I'm certain you intended your post as sarcasm. Good one!

NOPOMO's picture

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.

Dineroguru's picture

Did congress get short?  Was Hank Paulson back in DC, anyone?

helping_friendly_book's picture

Quatzequatel just came by for a beer. He says "I will see you all tomarrow; bitchz!"

monopoly's picture




azengrcat's picture

Are those Tepper balls I see nailed to the wall?

Venerability's picture

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.

Yen Cross's picture

 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

knicks3005's picture

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!!!!!

IridiumRebel's picture

Shoulda ended with, "Fuck you, you fucking fuck!"

tahoebumsmith's picture

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...


ebworthen's picture

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.

helping_friendly_book's picture

Gold sales frontrunning ES mini crash launched margin calls. Happened after first QE launch.

magpie's picture

Wow, that means gold really is the smart money for once

NOPOMO's picture

Does the Fiscal Cliff precede the End of the World and if it does not who cares.

Clowns on Acid's picture

It will be the Fiscal End of the World.....as the CBs around the world will be printing as we go over the Cliff.

Unprepared's picture

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

ekm's picture

I cannot believe what happened.

Does that mean that actually there are conservatives left in america?

Yen Cross's picture

 Two or three/  We like air-conditioned buildings.

yogibear's picture

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. 

ekm's picture

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.

magpie's picture

What a load of crap...only stopped shorting BECAUSE today is the end of the world.

Yes_Questions's picture




Like it's the end of the world or sumthin.  


Yes_Questions's picture



and anyway, I'm gonna go conjur some spiriit on the drums.

I'll let you know how it goes


hang in there

q99x2's picture

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.

IridiumRebel's picture

I just fucked so I'm ok.

Yes_Questions's picture



Between Noory and ZH, I have a much better feeling about TEOTWAWKI.


caerus's picture

major averages halfway through formation of right shoulder in h&s that began in january

SelfGov's picture

I just love the fact that you have to put, "No Really!" in the title when the news is really bad.

q99x2's picture

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.

neffy's picture

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.

Lord Of Finance's picture

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."

FoeHammer's picture

Thank you Tyler and ZH community. I either feel extraordinarily depressed or break out in laughter when I visit this site. No matter, I always leave with a better sense of what the fuck is going on. Or, maybe I still don't know what is going on.

A still more glorious dawn awaits.