This page has been archived and commenting is disabled.
Did Someone Intentionally Try To Crash The Crude Contract?
We have noted the incessant slamdown in the precious metals markets, and highlighted that the only thing that can slow the flood of liquidity into each and every market is a rise in energy prices. The former represents 'trust' in the system; the latter represents 'real economics' as it squeezes the global economy forcing the central banks to pull back or tighten (see China's lack of rev repo recently). To wit, we just noted the plunge in WTI this morning; but Nanex, given their depth of data, noticed something considerably more concerning... "Because the circuit breaker tripped after the market had somewhat stabilized, we think another large sale appeared that would have decimated prices - which CME's circuit breaker logic picked up on, causing the halt." Did someone intentionally try to crash the WTI Crude contract? And if so, who? We don't know, but the usual suspect (singular) does emerge, considering that with gas prices hitting new February daily record every day, and every dollar in increase in WTI means even less (seasonally adjusted) GDP, and less consumer purchasing power, those evil speculators who are taking the Fed's free money to buy commodities (and very unpatriotically not the S&P or Russell 2000) must be promptly punished.
On February 20, 2013 at 11:01:36, the April 2013 crude oil futures contract was hit with over 2500 contracts within 2 seconds sending prices sharply lower. Oddly enough, 12 seconds later, all CME oil futures contracts halted for 10 seconds. Because the circuit breaker tripped after the market had somewhat stabilized, we think another large sale appeared that would have decimated prices - which CME's circuit breaker logic picked up on, causing the halt. This large ghost sale must have been canceled before the 10 second halt ended. Another explanation is a software bug in CME's circuit breaker code, which we doubt because they have had great success with their circuit breaker logic.
- 19329 reads
- Printer-friendly version
- Send to friend
- advertisements -



Do you think?
Why would THE PRESIDENTS WORKING GROUP ON MARKETS try to crash commods?
oh right, to defend that funny money called USD's
Silver, gold and oil slammed. It is a coordinated effort to keep the USD ponzi scheme running just a little longer. Desperation.
Per the comment above, for anyone who still listens to the talking heads on cnbc when they laugh off the "Plunge Protection Team"....
Executive Order 12631--Working Group on Financial Markets:
http://www.archives.gov/federal-register/codification/executive-order/12631.html
an interview with some of our fellow citizens in charge of the ppteam
http://www.youtube.com/watch?feature=player_embedded&v=Jr7McLhZmyE
This is obviously the work of the PCT, Plunge Creation Team. Much like the PPT, they seem to have the ability to create zeroes and ones at will.
Now you know how us Silverbugs feel... Dont worry. The CFTC is on it. Bart Chilton has on his Inspector Clouseau hat, investigatory magnifying glass in hand, looking for manipulation elephants in garbage cans, fluffing his boofon hairdo for interviews with Lauren Lister.
Sorry, that was me. I was in the daytrader chat room and joked around everyone should sell WTI at exactly 11:01
What you can take from this is that Goldman and JPM are both long WTI. Otherwise the breaker would have let the trades through the way they do with the PM trades.
They laugh it off because they are paid to 'keep the dream alive'
Until the last refinery is closed and nobody gets to drive or turn on the lights.
Again, oil should be 340 bucks a barrel, no if's, and's or but's. Can't hold an asset price down in a market where the other 99.9999% of all products have increased 500% over four years.
Cheap is good, only if it's reasonable to the situation and outcome.
$340 seems a wee bit cheap.
Priced as a human labor equivalent a gallon of gasoline should cost $1,500.
Imagine the kind of economy we would have if gas was too valuable to waste? What if gasoline was like ...
... gold?
http://www.firstenercastfinancial.com/forums/showthread.php?t=432
Three weeks of human powered effort per gallon of gas. Try to get someone to push around your Hummer for three weeks for 4 bucks.
It's a bargain.
Or, it could be a cash-out, no?
Slam the price and then buy as much as they can? If so, systemic failure will come MUCH faster.
I really don't know, but the Walmart, Catepillar & Foxconn data suggest widespread near term slowdown.
Maybe they can't hold the flood waters back any longer, or they've decided they can make money leaning in the other direction.
Hm, as a gold and silver futures trader i can only laugh. This is almost daily occurence in our "market".
Is now oil becoming a centerpiece of the inflation expectation management, too?
They just testing it on oil futures before it goes live on the ES futures....i think the experiment was very successful today.
So for the $USD to gain 0.30% we need #Silver down 3% #Gold 1.5% #Crude 2.2% #Copper 1% and Equites ~0.5% >> KING DOLLAR LOL
I think we are finally witnessing the fuck storm..This ride down is going to be epic,,bring in the drones..take the guns...man this is fun shit!!
The kill switch
could be...
any change to the status quo these days could cause ugly chain reactions
There, for a week or two, it seemed as though all the plates were spinning together, smoothly, and that they could stay that way.
Suddenly, now, though, the gyroscopic movement is beginning to wobble, the plates are starting to fall......
Johnny? Is that you??
Yes
High gas kills snap. Cash is wack. Ben wants everything cept oil to scresm higher.
Helping bonds reverse as well
How many of those contracts sold were naked?
All of them
Thanks, but it was a rhetorical question....
Here's your rhetorical answer:
http://i3.kym-cdn.com/entries/icons/original/000/003/105/fat_man.jpg
PPT at work in the USTREAS.
I wonder which of the ZH regulars that is?
I think its knukles, LOL !!!
It could also be "son of Burl Ives"
That guy has a rock solid ab. He must be juicing because he's got hair growing out his ears.
Nice "market."
"circuit breaker"-can't have anything drop too much-although a 10%+ spike up in NFLX is A-OK.
This video is responsible http://www.youtube.com/watch?v=-sBexna-D_c
Blythe decided to temporarily switch over to WTI for a giggle.
Sorry guys I only filled the SUV half full today. I guess they caught it. I won't let it happen again.
see alot of people at the station only putting in $20 at a time to get them a few more days til the economy takes off
I do notice that thise around me at the gas pump tend to look in awe as I fill up my entire tank and then rip out three 5 gallon gas cans and fill them up too. In the future I am going to start driving a crappy car, wear crappier clothes, so as not to mark myself a target for the $20 filler-uppers.
The drone drivers still know where you live.
Exactly, Dr. Dick. The funny thing i've noticed is the number of young chicks checking me out, in my dented '98 corolla.
Chicks are beginning to know that debt-free is the new hot guy.
I guess there are no circuit brakers in precious metals...
LOL. No, that would be against... 'tradition'. ;-)
They'll be put in place once gold makes a large move... upwards.
There is...2% rule only applies when pms climb...
Put a copper penny in the circuit breaker (if you can find one.)
Use a 90% silver quarter. My dad always warned me that putting a penny in the fuse box could lead to corrosion and fire.
All I can see is complete and utter desperation in trying to keep the stock market up (more so after Greenspan's comments the other day). Dow back up to more or less where it was on today's figures - go figure...
DavidC
FEd to be hawkish today...don't think they like those rates rising....
ObaMao rang Gensler and said "f*ckin' Bernanke's 'Virtuous Circle' monetary policies are making gas prices problematic for me again, beeeyotch!"
China. I watched the cartoon.
NY Fed was ordered to walk crude down (tries to resuscitate the consumer).
That's just crazy talk Tyler. Everyone knows there's no such thing as a conspiracy nor is there manipulation in our 'free' markets.
/sarc
According to "Bear," a poster over at FXBriefs.com, there is a major commodity hedge fund that is crashing and burning.
Tyler should check it out...
:D
link, pls
I tried to find it but it appears the post has been removed from FXBriefs.com. (That's not cool, by the way...)
My apologies for what may be inaccurate information (or may turn out to be accurate only in retrospect...).
Sorry about that.
-_-
http://www.zerohedge.com/news/2013-02-20/wti-crude-plunges-futures-roll#...
It hasn't been removed: http://www.fxbriefs.com/?p=2377#comment-1508
But it does look like it could be a recycle of the RanSquawk rumor. This is apparently who "Bear" is according to the link on FXbriefs: http://www.orbglobalinvestments.com/richardlowe/
So it seems like he could be in a position to know.
http://talking-forex.com/headlines/market-talk-of-a-commodity-fund-in-tr...
Thanks, seek.
:D
http://www.fxbriefs.com/?p=2380
One squeeze is all it takes these days. At least it's not to the upside this time, or we would be looking at $150 crude and $5 Gas.
And the biggest moves up all always are preceded by the biggest moves down.
Chart that, bitchez.
unpossible! according to the VIX - which is in no way manipulated - large sudden moves simply don't happen.
These markets are so irrational the only thing you can do is laugh. Its like a dog chasing a car, no reason the dollar drops from 80.5 down to 78 and then back up to 80.6 in a few weeks, the trends don't exist except that everybody knows shit is fucked. The past few months, since QEwhatever was announced has seen the metals crushed, the market up, the 10 year allowed to lose a bit of value to show some semblance of a real market, and oil staying in a tight range right under 100 bucks. All utter bullshit, but come on people, we've been reading this site for years and no its all utter bullshit, until its not ;)
Takeaway? In a broken market where everything is manipulated (like former East German company statements), and price discovery becomes a Wheel Of Fortune, only the Big Players dare speculate for a quick buck. Everyone else: Head for the fiscal shelter, i.e. stay liquid, maintain personal cash-flow, minimize expenses to bare essentials, and mitigate risk. 'Invest'/Speculate/Gamble at your own risk.
Just watch DXH13 - U.S. Dollar Index (ICEFI),if she takes out 80.90 today and breaks through resistance at that level,your going to see commodities take another hit.Ya,there's a giant glut of crude on the market with Canada,Libya,Russia(now the worlds biggest producer) and especially IRAQ pumping to beat hell,all at a time when the U.S. has now become self-sufficient.I'll see $50 dollar oil in the next two years or less.The world economy is in a tailspin and going knowhere but down.
Absolutely correct
If it takes out 80.90, it will be promptly brought back into "line". A rising dollar is not what the govvy wants.
Only the insider flies on the wall know, but think about potential coordinated "saving" of countries like Japan, who have a debt-to-GDP trajectory that brings them closer to collapse than other G7 or G20 nations (also, UK).
It's like another Plaza Accord, or Bretton Woods, or Nixon-shock, just in a different form and for different reasons this time.
"Oh, okay, we'll allow it..." goes the meeting, but you'd never know it by reading the official joint communique.
Just a thought.
Good luck with shale oil at that price. If oil drops belw $80 shale oil is dead.
The oil is getting more and more expensive to produce. This will mean the price will stay high, or cut into GDP. Maybe oil comes down but equity would crah. If that happens you think moves will be into fiat? Lol. Whatever. We will see who is right soon enough.
No.
You're looking at 'synthetic' valuations and NOT real costs ...
Tell that to the service provider's in the sector with blown out input cost since 08'. Margin compression has been utterly fucking horrific within the sector.
1) Sounds like the differentiiating factor is relative COST of one producer vs another.
2) Explain how service providers fit into the ovrall picture; sounds as if he/they did not have costs under control, since *someone* is still producing, refining, selling product and making record profits ...
It is simply one of the warnings from the gov that crude oil will be crushed to as low as $15 temporarily.......VERY VERY SOON.
yeah good luck getting any supply from athabasca - or any other region where oil doesn't flow freely out of the ground - at that price.
I said.....TEMPORARILY
And the DXY goes to 150. Lol, sure, because the dollar is backed by winged unicorns and talking teacups.
Does Saudi Arabia own any tresuries? Because $15 is war on them and they will dump them.
They have already pre-sold their quota at $110 brent.
They want a crash.
why do they want a crash? Are they not making profits at higher prices?
Not at all.
Profit is made when the product is sold.
At brent $120 they'd be stuck. Nobody can afford it as far as real economy is concerned.
I see above you said Temporarily.....what happens after temporarily?
Same cycle.
It goes back up to 120 after opec does REAL CUTS.
Opec is infamous for never cutting, regardless of how much the media says they are. Who's gonna cut? Venezuela?
ekm, you are the king of all rumors. I'd like you to post some data for a change to go with your hairbrained theorys.
If one follows data from the media, that one is screwed (in general, do not take this personally)
I couldn't agree more, which is why when I hear about all the "oil coming out of the ears" of Russia, and America, and the ME, I like to remember that oil is a finite good and the House of Saud lies about their reserves. I like to remember that the energy returned on the energy invested is all that matters. So goodbye tar sands! Good bye fracking! Light sweet crude is still the only King, and, if you haven't noticed, it is getting so hard to produce that there are wars that are being fought over it by the US MIC under cover of the Blue, Democratic, and Liberal Obama WH.
Define: "A finite good"
Time period, in your lifetime? No ...
EROEI is nonsense. If it costs nothing (or next to nothing) for the energy used it doesn't count.
The Saudis would love a temporary drop to $15. They are best able to weather some weeks at that price while all their competition goes belly up.
bingo
Particularly if the competition is called IRAN.
first thing i thought when i saw wti down...the gov tried to push prices down. pres hussein cant have $140barrel oil this summer.
Yep, the economy couldn't support $140 oil in 2008 with 5% unemployment. It sure as hell can't support it now with 8% unemployment (actually 11%). But with all the govt debt and every country racing to devalue their currency, the commodity inflation spike is guaranteed. Something has to give.
"But with all the govt debt and every country racing to devalue their currency, the commodity inflation spike is guaranteed"
Jim Rickards: Currency War 3 Has Just Begun.:http://www.financialsense.com/node/10533
I'm fairly confident that rate of unemployment using a more honest measurement is at minimum (but still probably quite "under-capturing/reporting" measurement-- like U3 in the 1980s) is 14%.
I genuinely wouldn't be surprised if it's nipping at the heels of 20% in factual (not household survey OR payroll fiction) based reality.
$140 bbl?
What makes you think he cares? The election's over. Let the raping begin.
I'd just like to repeat that a long term gold chart looks like gold could crash to 1100 in a hurry if 1500 is taken out.
i'm curious though why the change in sentiment and potentially ugly charts w/ QE4EVA still going on
Do you only chart gold, or do you also study the fundamentals of the finance system. Because with talk like "Gold to 1100" I believe fundamentally you have no idea what you are talking about.
Gold is used as a reserve on the balance sheet of all banks, Central and Commercial. With stocks elevated that means the books are balanced, as equity is an asset to prop up massive liabilities, but as Tyler has been pointing out, equity is over bought here.
So unless equity keeps rising, and good luck with that, something on the left side of the books will need to equal the liabilities. Gold will be the rock in the books that does that, and that is why Central Banks have been loading up for the last few years.
Lennon....read yourself....you are simply expressing wishful thinking. Simple tautologies...Accept the fact that from time to time, if not always, the evil forces win.
Disclaimer: I am long gold up to my eye balls.
haha.. and i'm the one that doesn't know what i'm talking about.
all commodity charts currently have the potential for some sort of deflationary event occuring.. although i'm not sure why.
if a deflationary event occurs... stocks and commodities will get hammered. Your balanced book theory wouldn't mean jack..
for a very recent example.. the 2007 crash had the potential to be very deflationary.. as a result the stock market crashed and gold went from 1100 to 700.. right to the point where the FED took extraordinary measures printing massive amounts of money and switched gears from deflationary to inflationary.
I can't tell you why quite yet... but commodity charts are indicating the potential for a deflationary event of some magnitude.
I can tell you this much... if gold breaks 1500... Tyler is selling it.
Then gold is just preceeding the huge crash coming in stocks. There is no way stocks get out of this unscathed. That brings the fed in to do massive additional QE and round and round we go.
you are assuming that the market never changes it's opinion of the effectiveness of QE
if a big QE announcement ever fails to create the expected reaction.. from that point the FED is neutered and loses
I personally think the fed does not want to risk getting neutered. They will not announce additional QE under any circumstances. It will be back door bailout after back door bailout from here until the day it's all over.
they can back door bailout all they want..
if they lose control of rates and market reaction.. they can do nothing but watch
there would be a massive hoarding of cash as all assets fall, including bond prices, all at the same time. Velocity of money will plummet therefor it wouldn't matter how much you intend to print.
Never underestimate the ability of the Fed and Govt to do ANYTHING to protect themselves. Unlimited QE is the mildest remedy they will use. If the SHTF like so many say, and the barbarians are truly marching on Washington, then it will be Greece*Infinity, except the protesters will all be armed. That is why the Fed and Govt will stop at nothing to protect themselves. Drones will be the least of our worries. They will suspend all basic rights of assembly, search and seizure. Private ownership of gold will be outlawed. Gun right will be severely restricted or eliminated. Basically, the govt will stop at nothing to protect itself and will sacrafice every citizen to do so. Sadly, many citizens will be sheep to the slaughter.
"Sadly, many citizens will be sheep to the slaughter."
This is a strange kind of a calm before a storm?
Purim comes on the 24-25 and it just seems weird that there are these kinds of distractions happening to take the attention away from what may be happening RIGHT NOW in the ME. Who is preparing to do what?
http://www.zengardner.com/purim-why-war-on-persia-iran-could-start-march...
It seems that the babylonians are losing control, and more and more people are seeing the wicked money god beast for what it is. The one eyed, one legged retarded inbred chicken with a switch blade and it's finger on the button is trapped in the corner with a dozen 12 gauges aimed at it's pointed head. What will it do? That evil chicken that hates all of you is so tricky, and desperate. Dangerous waters we are approaching we are. Soon, it could come. Another False Flag Event to retake the control using evil Hegelian methodologies to attain the death and total lock down of the nation of the free and brave.
Synagogue Rising .... www.synagoguerising.com
Correction:
Purim is on 23-24.
Because it is on a Saturday, the celebration is then held on the Thursday before. That would be the 21st, tomorrow!
So, 21, 23, 24, or when? The Monday after? Will Isreal strike Iran soon?
Is this why the fear factor and sell off is happening?
Tick...tock...
"and that is why Central Banks have been loading up for the last few years."
Then they are getting or missing a hell of an oppourtunity. 1550 would be a bit scary. Seems to me a perfect oppourtunity for some country to rush in and be the one to own the most.
Golds been acting wacko of late. The Fed trying to push the markets and the house doing their best to save the 2% that create all the jobs and where the fuck is the inflation???
I'm having a fuckin panic attack. What would I do w/ my gold? Buy butter? Who the fuck is gonna have any butter?
And ammo is getting scarce.
As a friend of mine said a while back. Wait until the crowds in the big cities start heading for the country side!
what u would do is relocate to a country with a stable localized economy (if one existed) and trade your gold there for the local currency
"what u would do is relocate to a country with a stable localized economy (if one existed) and trade your gold there for the local currency"
And now, more and more all over the country people are asking just where is such a place that the babylonian banksters don't already have a controlling central bank at? North Korea and Iran? It has destroyed most countries already, set up china to be the next world's money engine, and now hungrily hounds to destroy the last somewhat free country, the USA. The whole chicken-pot pie is quite the amazing story even just seeing some of the dominoes that have been set up to crash the rest of the story, upon a Friday's ticking.
Lets see, Iran is about to be attacked possibly, and so is NK maybe. Now, where was that place to go? And where is it safe to be when all the fallout hits? Who is east of Iran after say God forbid, some sort of nuklear event happens? Just one small one. Ask, who is east or north, or even west of the fallout that will surly have it's way in the winds making fukushima look like a picnic in the dark park of death? Does anyone ever think about these things when it comes to profits, and the sustaining of ones own human life experience? Any third grader knows, that the fallout will absolutely effect every soul on board. No one will escape the initial hit or...the following hits.
If you have not seen this movie and completely grasped the deep meaning, you should.
http://www.youtube.com/watch?v=upg2eqNbF3w
Choice! The Creators greatest gift to each individual heart on board. Every single one has a vote. Total annihilation, or world-wide peace and plenty?
Choice!...please use it well.
'Wait until the crowds in the big cities start heading for the country side!'
Not if they can't get the gas. Long suburbs!
Or at least until the food runs out . . .
"Wait until the crowds in the big cities start heading for the country side!"
One tank of gas will be about the size of the diameter around most big cities that will fall into the chaos the babylonians have long been preparing for. There will be the road blocks and death pits that many will make a frantic dash to, and find the end of the road at.
Watch out for what comes on any Friday that can be the triggering event?
We all just witnessed on the big cruise line boat a live-lab sample of how fast society can break down into primal conditions, thus testing the real core essence of one's spiritual center. What the future holds for many is to be on one of two sides. Those who will eat, and those who will kill to eat. The god will become the stomach, and all that will matter is the scavenging for food and safety. The evil babylonians will use food as a weapon against the people they are setting up to be too poor to feed themselves already. In the first months, the babylonians will be slow to respond so as to let the populace chew themselves up first. After the slow to a crawl commerce on the roads ceases, and the well orchestrated depletion of the supply chain happens for months, those who have survived up to that point will be given the choice to come under the killing umbrella of the govt with GMO nano-chip laden food to offer for compliance and conformation to the new world order of the cashless society for the profiting corporate banksteronians all across the globe, but mostly in London.
But, But... the FOMC said they may be looking at an exit strategy
tecno no one who actually owns a real ounce of gold gives a shit anymore. $1500, $1100.....$500...
They will buy more, You are watching people flipping paper contracts.
The miners are the most interesting to me. They are getting shorted to death. They actually create supply.
My guess is the US is causing a crash in gold so that they can get some sheep to dump physical so they can hand Germany a pile of gold jewelery that the sheep dumped.
ironically... if you hold tons of gold.. you are betting that the FED wins
other than that.. you are only creating a SHTF guns and butter reserve.. which i'd rather have guns and butter.
But guns and butter and gold would be best.
If the Teams of POMO, internationally I might add, continue to try to make the markets, they will break them.
Reality will trump magic at the end of it all.
The question is....will you be still alive by then?
Don't tell me, Corzine is back in the game.
Why would precious metals also not halt trading at 2am, 4am, 8:20am, 10:30am?
California is basically at $4/gallon right now ... this is the nose-above-the-waterline level ... if it goes on to $4.25 or merely just hangs above $4 a high-pitched signal starts in the immediate atmosphere ... never mind the crushing $3.50-3.80 that they are trying to condition people to accept ... they need to drop it back there ... SPR reserve release rumor in the wings?
Gas is $4.19 to $4.39 a gallon here in SoCal right now. If nothing changes, it will be $5+ this summer. No way the economy can sustain this.
Sorry kids,
Auto-centric Cali is in the Peak Oil cross-hairs. Too bad they ('They') got rid of the Red Car.
This is how it goes ... it starts getting worse as time passes. Eventually there are physical shortages and rationing. Coming to a suburb near you.
Hongcha:
" ... SPR reserve release rumor in the wings? "
As a move to threaten crude-supply contract chasers? 'cause supply would not seem to be the issue (the SPR is not refined product)
AAAAAAAAAAAAHHHHHHHHHHHHHHHHHHhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!
Smell the M A N I P U L A T I O N.......
Seriously, does nobody on Zerohedge have a feed to see what participant originated these orders? Come on, I thought this was a financial news site. Maybe that's where I'm wrong.
It helps when the users know what they are talking about.
By, "know what they are talking about" do you mean, "has written a parser for said Nanex data feeds?" Because if that's what you mean - and you haven't, and I have - then by all means, go fuck yourself.
batz:
" Seriously, does nobody on Zerohedge have a feed to see what participant originated these orders? Come on, I thought this was a financial news site. Maybe that's where I'm wrong. "
My thought too ... in lieu of that info, we need a 'leaker' to reveal the source of the sell order ...
It's a cash-out:
1) Smash the price of PM & WTI,
2) Trade cash for all you can get your hands on, and
3) Let inflation out of the cage.
EIA says US to Surpass Saudi Arabia production. And Russia in Natgas = shaping the battlefield. Add to it the EIA talking up the Cushing unlock coming to a theater near you soon...
IMF Warns on Saudi deficits.
Saudi Aramco cyber attack comes days after Saudi media says would shoot down IDF overflight
If you didn't know better, you might be mistaken in thinking someone wasn't trying to "shape the battlefield"
It's just like the old Wild West where anything goes and everything criminal is the law of the land.
You hang on Missy...we go for a ride!
Why do I have the feeling that something really big just happened?
cause it is still happeniing?
1564 by the end of Feb it seems, nice early call.
Nah...something BIG. Like we can't even see it yet. A sea change.
Ok but I was just giving you props where props were due. I have no opinion on something wicked this way comes.
Thanks but for what it's worth, yesterday I called for a reversal. That's why I think something just happened.
Fed turned off the spigot to the European banks, maybe? I guess we'll find out in about a week. Somebody knows something somewhere.
:D
One day per week of this action would be perfect!
Do they ever Halt a stock on the way up?
Hello this is the JPM Contract Crashing Desk...
Oh its you....
Uh huh....
Yeah...
What do you mean wrong contract????
So if oil jumped $10 would trading have been halted?
... again, (RTFM) it was a follow on sale that triggered the breaker (during the halt the trade/sell was cancelled was my read) ...
'as man walks through his life, he stumbles upon truth... then glorified bleached truths, and next onto lies, damn lies,and statistics, moving along he find himself in a delusional state, when finally reaching his wits-end, he realizes that a daily dose of a nostrum self-induced amnesia panacea is best for his menial existence... as he trips upon his serendipitous equilibrium, only to find the downhill path of old age a tether-torn acquiescence meshed with a soulful acquittal-- resting amongst the thrones a post'd sign appears, reading,'to old to soon... too smart to late', as he quietly laughs himself into a twilight slumber'
just musing...
...and we didn't see the collapse after the halt why, then? Clearly its got to be multiple shooters then, on the grassy knoll, and they need time to reposition to get a good shot.