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And This Is What A Full Blown Market Exodus Looks Like

Tyler Durden's picture





 

260,000 S&P 500 e-mini contracts traded in the three minutes following the fake AP Tweet. That is ~$20.4 Billion notional value 'changed hands'. For those with trailing stops, our condolences...

the day - to get a sense of the scale of volume...

 

and close up...

 

and VIX smashed higher on huge volume too...

 

and Treasury Futures...

 

eMini Depth of Book for every minute of every trading day between March 2010 and April 23, 2013. April 23, 2013 is the thick red line. Via Nanex:

 

And, via Nanex, the whole thing animated at this link

 


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Tue, 04/23/2013 - 13:55 | Link to Comment Cdad
Cdad's picture

I'm sure confidence is soaring within America's investor class.

Tue, 04/23/2013 - 14:01 | Link to Comment THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

I say this was an INSIDE JOB, like the Gold and Silver crash and bitcoins, the list will get larger in the days to come..just watch, probably stuff we never dreamed of..

Tue, 04/23/2013 - 14:04 | Link to Comment redpill
redpill's picture

It's worse than you imagine, there were BBs in that tweet!

Tue, 04/23/2013 - 14:08 | Link to Comment Tortfeasor
Tortfeasor's picture

Tehrist

Tue, 04/23/2013 - 14:14 | Link to Comment Precious
Precious's picture

An algo can't even trust an AP tweet anymore.  What's the world coming to ...

Tue, 04/23/2013 - 14:13 | Link to Comment ACP
ACP's picture

And the AP's twitter account has been suspended. Classic!

Tue, 04/23/2013 - 14:24 | Link to Comment notbot
notbot's picture

Not to worry, Maxine Waters is the Ranking Member of the House Financial Services Committee.  I'm sure she'll get to the bottom of this.

Tue, 04/23/2013 - 14:28 | Link to Comment Jonas Parker
Jonas Parker's picture

Maxine Waters is already at the bottom...

Tue, 04/23/2013 - 14:31 | Link to Comment redpill
redpill's picture

And why's they called dark pools and not light pools?  These rayciss white people markets

Tue, 04/23/2013 - 14:56 | Link to Comment boogerbently
boogerbently's picture

That pic is a "fishfinder."

Tue, 04/23/2013 - 21:26 | Link to Comment Hive Raid
Hive Raid's picture

Reminds of this gem:

 

http://www.youtube.com/watch?v=oc1zGRUPztc

 

And then there's this:

 

http://www.youtube.com/watch?v=cesSRfXqS1Q

Tue, 04/23/2013 - 14:30 | Link to Comment brewing
brewing's picture

She'd better consult with her "cousin Muddy" to get to the bottom of this...

Tue, 04/23/2013 - 14:15 | Link to Comment redpill
redpill's picture

Exactly, poor software is just trying to make a living front-running the market and fucking retail investors and you have these little jerks getting in the way.  It's a travesty!

Tue, 04/23/2013 - 14:38 | Link to Comment debtor of last ...
debtor of last resort's picture

Now they know that after a paper collapse the demand for physical stocks will be huge.

Tue, 04/23/2013 - 14:21 | Link to Comment smlbizman
smlbizman's picture

please notice the cleansed charts on cnbs....no signs of any dip...so i guess the market went down but not the stocks in it.....

Tue, 04/23/2013 - 14:26 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Just a little blemish cream to smooth over the market uglies.

Tue, 04/23/2013 - 14:33 | Link to Comment Ying-Yang
Ying-Yang's picture

nah CD just pop the zits

Tue, 04/23/2013 - 15:00 | Link to Comment Ident 7777 economy
Ident 7777 economy's picture

 

 

 

Just testing the dynamic/impulse response characteristics of, and measuring the inherent time-delays present in the market-reporting system, gentlemen.

 

As you were ...

 

 

-- or --

 

That's one way to get a market to move.

 

 

Tue, 04/23/2013 - 16:30 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Like shock testing!  Neato.

Tue, 04/23/2013 - 14:52 | Link to Comment asteroids
asteroids's picture

It's pretty obvious that during the day almost ALL trading is done by computers pissing on each other. Retail is gone. I suspect big funds are now "buy, hold and pray".

Tue, 04/23/2013 - 16:16 | Link to Comment GAAPpreNixon
GAAPpreNixon's picture

Exactly! humans simply do not move that fast. What an amazingly stupid way to destroy the last vestige of beleif in a free market.

A casino roulette wheel has better odds!

Tue, 04/23/2013 - 14:15 | Link to Comment Stoploss
Stoploss's picture

Kinda knocks the shine off the techies.

It was a blip.  LOL!!

Tue, 04/23/2013 - 14:28 | Link to Comment Totentänzerlied
Totentänzerlied's picture

It was a high-capacity assault tweet.

Tue, 04/23/2013 - 18:21 | Link to Comment NoDebt
NoDebt's picture

It was at least the 6th major, undenyable warning that they need to put a throttle on the HFTs.  Their liquidity is pure illusion.  Like credit- when you need it you can't have it, when you have it you don't need it.  They preach liquidity (implying stability) when, in fact, their influence is the exact opposite.

Of course, nobody is ever going to stop it, least of all the SEC or any other regulator, until they break something permanently.  The regulators require iron-clad proof before taking action.  The kind of proof that only comes in hind sight after a lot of people have been irreparably hurt.

I know it's fashionable to think that speed and technology are the answers to everything these days, but in this case, I respectfully submit that I'd rather have orders handed with a phone call, like the old days, even if it costs more to execute them.

 

Tue, 04/23/2013 - 14:03 | Link to Comment Scro
Scro's picture

No one gives a damn about bitcon's.

Tue, 04/23/2013 - 14:12 | Link to Comment fonzannoon
fonzannoon's picture

This was the only crash that uncrashed within seconds. The rest of the crashes were just crashes.

Tell me right now everyone did not picture this. I dare you.

http://www.youtube.com/watch?v=DItgw1mU9Us

Tue, 04/23/2013 - 16:13 | Link to Comment GAAPpreNixon
GAAPpreNixon's picture

Market Jitters ON STEROIDS! And these are the people that want all pensions and old age economic "securiity" based on the "stability" of the markets?

FUCK THAT!

Tue, 04/23/2013 - 14:05 | Link to Comment slaughterer
slaughterer's picture

This stop harvesting will compensate for the miniscule POMO today, and fuel tomorrow's testing of ES 1600, while gold languishes at 1400.

Tue, 04/23/2013 - 14:49 | Link to Comment DeadFred
DeadFred's picture

Stops are for wussies!

Tue, 04/23/2013 - 14:05 | Link to Comment quintago
quintago's picture

The danger here is that somebody learned something very interesting here, and that is that inordinate amounts of money can be made with very little risk if everybody piles on. I suspect we're going to have a gradual sell of over the course of the next few weeks, and when all the big guys are out and the little guys are in; it's going to be smash and grab time between now and the EOY.

Tue, 04/23/2013 - 14:59 | Link to Comment YHC-FTSE
YHC-FTSE's picture

+1 YEP. Expect to see more of these hacks in the future.  Does Reuters have a twitter account?

Tue, 04/23/2013 - 14:08 | Link to Comment EmmittFitzhume
EmmittFitzhume's picture

Who wouldn't want to play musical chairs at a jillion miles per hour?!

Tue, 04/23/2013 - 14:16 | Link to Comment SheepDog-One
SheepDog-One's picture

Definitely all is well! 

Tue, 04/23/2013 - 13:55 | Link to Comment Jlmadyson
Jlmadyson's picture

Down to an art.

Tue, 04/23/2013 - 13:59 | Link to Comment francis_sawyer
francis_sawyer's picture

Looks more like a 'Zip Line' course designed by the Lawnmower Man...

Tue, 04/23/2013 - 13:59 | Link to Comment redpill
redpill's picture

I keep waiting for Max Headroom to pop into one of them rainbow charts.

Tue, 04/23/2013 - 14:18 | Link to Comment akak
akak's picture

I, Robot Trader.

Tue, 04/23/2013 - 14:43 | Link to Comment francis_sawyer
francis_sawyer's picture

High Frequency BLOBBING UP...

Tue, 04/23/2013 - 14:48 | Link to Comment akak
akak's picture

US 'american' Market Exodusism.

Make me laugh.

Tue, 04/23/2013 - 15:13 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Absolutely. That is what Chinese citizenism citizens expected them to do. And if they do not comply, then on with their termination.

Tue, 04/23/2013 - 14:00 | Link to Comment smlbizman
smlbizman's picture

they are inside my lap top forcing all my files out at gunpoint...they said they are going to do this to every laptop until they get their guy....

Tue, 04/23/2013 - 13:58 | Link to Comment redpill
redpill's picture

Twerrorism!  Tweet of Mass Destruction!  Lock down the planet until they are found!  Monitor all 7-11s for hold ups!

Tue, 04/23/2013 - 14:14 | Link to Comment cdude
cdude's picture

Bwame da wabbit!

Tue, 04/23/2013 - 13:56 | Link to Comment williambanzai7
williambanzai7's picture

AP Twitter Password: sesame

Tue, 04/23/2013 - 13:56 | Link to Comment redpill
redpill's picture

Huh, I figured it was 1, 2, 3, 4, 5

Tue, 04/23/2013 - 14:07 | Link to Comment McMolotov
McMolotov's picture

That's the kind of thing an idiot would have on his luggage!

Tue, 04/23/2013 - 14:10 | Link to Comment Sudden Debt
Sudden Debt's picture

well...
the admin password for our servers is

1234 followed by the company name.

the first time I saw our admin type it in... I was like.. OMG!!

Tue, 04/23/2013 - 14:15 | Link to Comment FEDbuster
FEDbuster's picture

Well at least the password isn't "password".

Tue, 04/23/2013 - 15:51 | Link to Comment RichardENixon
RichardENixon's picture

Oh shit, how did you guess mine?

Tue, 04/23/2013 - 14:31 | Link to Comment RebelDevil
RebelDevil's picture

The big problem with passwords is that it's hard to have an easy-to-remember, strong password for every account you have (OS login, ZH, Facebook, Twitter, YouTube, Email, ect.)

I use the same password, or an easy to remember variation of that password for almost everything, and it works great, so long as you keep it as your most valuable secret. Tell someone about it, and you're fucked.

Tue, 04/23/2013 - 15:44 | Link to Comment Satan
Satan's picture

My password was 666 for just the longest time...

Tue, 04/23/2013 - 14:12 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

+1 Even funnier, the three dimensional chart is starting to look like plaid.

Tue, 04/23/2013 - 13:56 | Link to Comment jeebus
jeebus's picture

Definitely a market I would feel safe putting my money in and that I feel compelled to participate in soon.

Tue, 04/23/2013 - 14:06 | Link to Comment InTheLandOfTheBlind
InTheLandOfTheBlind's picture

you and all the other money that is "on the sidelines"   

 

/sarc off

Tue, 04/23/2013 - 14:18 | Link to Comment redpill
redpill's picture

Can I interest you in a loaded mutual fund with unimaginative large domestic blue chip holdings?  They are the market's best kept secret!

 

Love,

 

Your Financial Realtor, er, Advisor

Tue, 04/23/2013 - 13:57 | Link to Comment El Hosel
El Hosel's picture

Fast Fingers are the new Fat Fingers, in the New Normal.

Tue, 04/23/2013 - 13:56 | Link to Comment Smuckers
Smuckers's picture

Hack swan event.

 

Tue, 04/23/2013 - 13:56 | Link to Comment TumblingDice
TumblingDice's picture

Everything is ok ...shhhhh...shhhhh calm down. The bad men selling stocks are gone now.

Tue, 04/23/2013 - 13:57 | Link to Comment fonzannoon
fonzannoon's picture

Amazing how fast it got bought right back. Like nothing ever happened.

Tue, 04/23/2013 - 14:02 | Link to Comment redpill
redpill's picture

Nothing to see here citizen, move along!

Tue, 04/23/2013 - 14:12 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"Nothing to see here citizen wage slave, move along!"

Your version was so 50's and 60's so I fixed it for ya. :)

Tue, 04/23/2013 - 15:21 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Just a little blip in time. It's nothing to worry about. In fact, it's like it never happened. Forget all about it.

Understand?

Forget all about it. It's like it never happened.

Tue, 04/23/2013 - 13:59 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Exit stage..............anywhere.

<$10 says the end-of-day financial news stories will claim that all that volume today was confirmation that the stock market has recovered from last week.>

Tue, 04/23/2013 - 14:08 | Link to Comment Bear
Bear's picture

That is exactly right. Just another manufactured 'crisis' of which to take advantage.

Tue, 04/23/2013 - 13:58 | Link to Comment Everybodys All ...
Everybodys All American's picture

No volume stock market. Presto. There is volume. Now we can go higher. Right. Right.

Tue, 04/23/2013 - 14:55 | Link to Comment Everybodys All ...
Everybodys All American's picture

Here come the story lines right on schedule ...  http://www.marketmontage.com/2013/04/23/bears-last-stand/?utm_source=fee...

Tue, 04/23/2013 - 13:58 | Link to Comment Archetype
Archetype's picture

And the SEC says: "No comment"

Tue, 04/23/2013 - 14:04 | Link to Comment redpill
redpill's picture

They are busy *fap* *fap* *fap* *fap*

Tue, 04/23/2013 - 14:16 | Link to Comment bullet
bullet's picture

CME on the phone with Goldman to determine what price level to bust trades at...

Tue, 04/23/2013 - 13:58 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Daily bar charts don't see this. Markets were up today on VERY STRONG VOLUME.

Pass the crack pipe, please.

Tue, 04/23/2013 - 14:18 | Link to Comment FEDbuster
FEDbuster's picture

That will be the nightly MSM news take on it.

Tue, 04/23/2013 - 14:00 | Link to Comment CaptainSpaulding
Tue, 04/23/2013 - 13:58 | Link to Comment Swarmee
Swarmee's picture

At what point of ignoring this now obvious manipulation are regulators complicit and part of the conspiracy? I mean, they clearly already are, but when do we as citizens have enough of a case to start going after the regulators?

There is clearly no stick or carrot for them to do their jobs. Time to find a bigger stick.

Tue, 04/23/2013 - 14:05 | Link to Comment smlbizman
smlbizman's picture

now i need to ask every hedeger....how long are you going to expose yourself to this abuse....it is time, you are not smart enough to win no matter how smart you are......get the fuck out now.....the risk reward pendelum is finished it is all risk and no reward.....

Tue, 04/23/2013 - 13:59 | Link to Comment HD
HD's picture

Official SEC response: "Huh? What?"

Tue, 04/23/2013 - 14:06 | Link to Comment fonzannoon
fonzannoon's picture

(falling off chair zipping up pants)

Tue, 04/23/2013 - 14:00 | Link to Comment Gypsyducks
Gypsyducks's picture

Call me Jack's complete lack of surprise.

Tue, 04/23/2013 - 14:01 | Link to Comment mjorden
mjorden's picture

Algo's sure didn't have a problem buying up the Yen.  What does that tell you.  I can't wait for the first big dissappointment from the BOJ, should be fun.

Tue, 04/23/2013 - 14:06 | Link to Comment redpill
redpill's picture

It's tough for BJs to be disappointing, unless they use their teeth.  Woops might have misread that.

Tue, 04/23/2013 - 14:01 | Link to Comment crosey
crosey's picture

Sumbuddy duz not want us wee folk in the market.

Or, one hell of a warning!

Tue, 04/23/2013 - 16:27 | Link to Comment Bogdog
Bogdog's picture

Indeed. I'm far too exposed to forces far beyond my control or understanding. For I AM A MUPPET.

Tue, 04/23/2013 - 14:02 | Link to Comment TumblingDice
TumblingDice's picture

The most interesting part of this was how it affected everything, FX, bonds, futures, everything except the euro. The euro just don't care and neither is it tied to the market any more it seems.

Tue, 04/23/2013 - 14:06 | Link to Comment slaughterer
slaughterer's picture

PMs popped nominally about .5% during the flash crash confirming their safe haven status.

 

Tue, 04/23/2013 - 14:04 | Link to Comment Dr. Engali
Dr. Engali's picture

Is it bad that for a brief moment ,when I first heard the news, that I was ear to ear grinning like a Cheshire cat? 

Tue, 04/23/2013 - 14:07 | Link to Comment fonzannoon
fonzannoon's picture

I bought gold right when it crashed but just sold it now that everything's okay.

Doc here is my elementary conclusion to the Sprott thing earlier. Any thoughts?

I was thinking DS...Sprott probably has a massive amount of physical silver. If they can somehow crack him open like a coconut, all that physical comes pouring out into somebody's hands. Like you said this is 2008 for commodities and Sprott would be the equivelant of a major Primary Dealer, no?

Tue, 04/23/2013 - 14:19 | Link to Comment Dr. Engali
Dr. Engali's picture

I guess that could be true. I don't know his size compared the the metals market. If it's anything like the Hunt brothers then I imagine that would be an accurate statement. I also don't know if he is selling any actual physical or if he is just selling paper. I was under the impression that it was just the latter.

Tue, 04/23/2013 - 14:03 | Link to Comment TomGa
TomGa's picture

How convenient with the CISPA bill now in the Senate.

Tue, 04/23/2013 - 14:03 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

And here comes USDJPY back to the party once moar. MUST BREAK TO NEW HIGHS.

And you think "people" are doing this?

Psychology?

This is one big mind f--k.

PPT says giddy up!

Tue, 04/23/2013 - 14:04 | Link to Comment Nid
Nid's picture

The VIX Futs Twin Towers

 

 

 

See chart above

Tue, 04/23/2013 - 14:04 | Link to Comment Confundido
Confundido's picture

It's the same guys who manipulate gold? Gold did not seem to move...

Tue, 04/23/2013 - 14:05 | Link to Comment Bastiat
Bastiat's picture

Didn't see any reaction in gold.  Apparently today, the price at which Comex will refuse to deliver, is $1410.

Tue, 04/23/2013 - 14:09 | Link to Comment Quinvarius
Quinvarius's picture

Fed probably said, "thank God we don't have to prop this shit anymore".  Then they pulled the plug.  Seconds later, they realized they had to prop again and turned everything back on. 

Tue, 04/23/2013 - 14:06 | Link to Comment FieldingMellish
FieldingMellish's picture

Hair trigger markets just looking for an excuse.

Tue, 04/23/2013 - 14:33 | Link to Comment Bastiat
Bastiat's picture

You miss the point:  that is not a market.

Tue, 04/23/2013 - 14:09 | Link to Comment DaveyJones
DaveyJones's picture

don't worry, I'm sure Eric will be handing down indictments soon 

this is the digital world a decade later

you do a fake 911 that's over in minutes

and you make more than a couple of airline shorts

Tue, 04/23/2013 - 14:08 | Link to Comment 1000 splendid suns
1000 splendid suns's picture

LMBA-zed if we make it to May before a crash.

Tue, 04/23/2013 - 14:08 | Link to Comment yum-roadkill
yum-roadkill's picture

Nothing to see here.. Stack quietly.

Tue, 04/23/2013 - 14:09 | Link to Comment gwar5
gwar5's picture

We need the cartoon Bears to explore this one!

 

Tue, 04/23/2013 - 14:08 | Link to Comment Meat Hammer
Meat Hammer's picture

That was a fender bender.

Tue, 04/23/2013 - 14:08 | Link to Comment Bear
Bear's picture

"Flash Hack" ... the new Normal

Tue, 04/23/2013 - 14:11 | Link to Comment slaughterer
slaughterer's picture

Can they localize and identify the hackers responsible like they locked onto those two Boston bomber boys in a day or two?  Or will this hack just remain a faceless mystery?

Tue, 04/23/2013 - 14:14 | Link to Comment azengrcat
azengrcat's picture

What a LOLercoaster!

Tue, 04/23/2013 - 14:14 | Link to Comment mickeyman
mickeyman's picture

An exodus followed by an inodus

Tue, 04/23/2013 - 14:16 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

Damn, for a second I was hoping they would have to replace the WH with a double-wide with chrome rims; you know, some thing that would reflect the true status of America...

Tue, 04/23/2013 - 14:17 | Link to Comment Inthemix96
Inthemix96's picture

I got here late to the party,

You mean to tell me bernsplankes is still fucking breathing?

Fuck, could have been a grand day this one??

Tue, 04/23/2013 - 14:18 | Link to Comment shuckster
shuckster's picture

This is why I am not intimidated by HFTs/Algos. They are completely irrational

Tue, 04/23/2013 - 14:19 | Link to Comment alien-IQ
alien-IQ's picture

people get put in jail with less evidence than what these charts alone provide.

fortunately for the scumbags behind the scenes committing these crimes...they are above the law.

We need a Howard Beale moment on the idiot-box.

Tue, 04/23/2013 - 14:21 | Link to Comment gwar5
gwar5's picture

WTF??

 

Nutty democrat Ricin mailer suspect released. So he framed?  Or, it was cocaine and they're OK with that.

Tue, 04/23/2013 - 15:29 | Link to Comment fuu
fuu's picture

Released on bond. Cracks me up.

Tue, 04/23/2013 - 14:22 | Link to Comment RebelDevil
RebelDevil's picture

And the fundamental irrationality of the stock market is revealed!

Tue, 04/23/2013 - 14:22 | Link to Comment irie1029
irie1029's picture

Why would that news cause the market to tank?  Oh yeah we are in the bizzaro world.

Tue, 04/23/2013 - 14:21 | Link to Comment Bluntly Put
Bluntly Put's picture

Somebody didn't get the volatility they wanted, so they resorted to more, artificial means?

http://www.businessinsider.com/art-cashin-on-big-vix-bet-2013-2

 

.

Tue, 04/23/2013 - 23:26 | Link to Comment MythicalFish
MythicalFish's picture

April expired already, on, wait a sec, one day after Boston..

Tue, 04/23/2013 - 14:27 | Link to Comment RougeUnderwriter
RougeUnderwriter's picture

How many of you had stop losses that just got taken out

 

Tue, 04/23/2013 - 14:30 | Link to Comment orangegeek
orangegeek's picture

My bollinger bands are rectangles.....coooooool.

Tue, 04/23/2013 - 14:34 | Link to Comment mac768
mac768's picture

New era Hindenburg Omen

This is what a Hindenburg Omen looks in modern times, be aware....

Tue, 04/23/2013 - 14:38 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

You know where to not park your savings now... Besides the usual insider trading that probably went on positioning to profit on the hacking of the twitter account I think when all is said and done this may have been the act of a concerned citizen sending a heads up to get your fucking savings out that rigged flatlined in relation to the FED's balance sheet market.

Tue, 04/23/2013 - 14:35 | Link to Comment EvlTheCat
EvlTheCat's picture

He's dead Jim...

Tue, 04/23/2013 - 14:44 | Link to Comment BanksterSlayer
BanksterSlayer's picture

Is the hack of AP's Twitter account considered as one of the "intangibles" for GDP?

Tue, 04/23/2013 - 14:58 | Link to Comment Everybodys All ...
Everybodys All American's picture

Off balance sheet or more Obama bull shit. You make the call.

Tue, 04/23/2013 - 14:45 | Link to Comment U4 eee aaa
U4 eee aaa's picture

That is just so much irony.

That the most sophisticated trading vehicle in the history of mankind is taken to the floor by a 140 character tweet

If that doesn't explain where we are in a nutshell, nothing does. We are a kevlar people pumped up on allergy medications

Tue, 04/23/2013 - 14:58 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 Well, the bots are written to assume every tweet is real, accurate, and actionable.

 How much did this cost them, I wonder.

Tue, 04/23/2013 - 14:47 | Link to Comment gatorengineer
gatorengineer's picture

My guess is that this was just a test to see how the markets and the bots reacted.... there will be more of these welcome to the new normal.....

 

Tue, 04/23/2013 - 14:52 | Link to Comment Clowns on Acid
Clowns on Acid's picture

No worries.....just getting everyone's attention before AAPL's earnigs.

With Cook's job on the line....do ya think that AAPL's earnings will show good things? Y'know any real figures / truth notwithstanding....

Tue, 04/23/2013 - 14:55 | Link to Comment slaughterer
slaughterer's picture

Re. AAPL: market has forgiven (even rewarded) some monstrous misses lately (CAT et. al.).

Tue, 04/23/2013 - 15:01 | Link to Comment sosoome
sosoome's picture

Precisely why I don't use trailing stops.

Tue, 04/23/2013 - 15:16 | Link to Comment fuu
fuu's picture

That Nanex animation is awesome.

Tue, 04/23/2013 - 15:44 | Link to Comment ThirdCoastSurfer
ThirdCoastSurfer's picture

If this chart looks like the seismograph of an earthquake, there is a reason. $20.4 billion is something far beyond collusion or insider trading. To move a free and open market in this way would be almost impossible, like breaking the earth's mantle. 

In a market where 5 lead and everyone else follows, in a descending pyramid scheme, it's easy. Those with the power to move the market in this way do not execute such $20 billion "flash" trades based on their own "fear" (sell at any cost at a loss) based on a rumor but this event exposes, by exaggeration,  the way they make money, by simultaniously shorting the market and "buying low and selling high". They do this by using their power as "market makers" to pull out the floor or market supports and manipulate it to their advantage. This routinelky happens on individual stocks, or industries or indexes, as one need only short 100 shares to buy 1 million in a market without a bid. 

Winning because you belong to the right "clique", is not a market and a close examination of this event should be conducted just as if it was an insider trading event even though the market makers were not responsible in any way for the rumor. It is the way they manipulate and "capitalize" on the way they make markets that needs to be examined in close detail. 

Tue, 04/23/2013 - 15:52 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Unless I am misreading things we know exactly how the big boys aka manipulators are positioned to react now when the SHTF and the safest port in the storm in the paper market is the Treasuries according to this. If anyone wants to refute this please do because I am not pimping treasuries for the sake of making money I am generally concerned for people getting their life savings decimated in this socialist wealth transfer death trap that is the market when it goes south. My point is anyone in IRA's not self directed, pensions etc should be positioning at least short term as safe as possible to preserve face value on those investments first and foremost.

I really feel it is important to break down exactly how things moved here as a warning for everyone else who does have skin in the market as savings aka investments as IRA's, 401ks etc.

Tue, 04/23/2013 - 17:59 | Link to Comment Uinta
Uinta's picture

Look at all that liquidity HFTs provide

Tue, 04/23/2013 - 18:54 | Link to Comment The Count
The Count's picture

The longer you stay in the markets, the higher your risk of ruin! MF Global, Madoff, algo traders taking out the stops, etc etc etc. 

The ENTIRE western financial system is a sham. Of course, nobody with any influence will ever say that publicy, because that would be your death sentance.

Tue, 04/23/2013 - 22:00 | Link to Comment Mediocritas
Mediocritas's picture

That animation from Nanex is outstanding (http://www.nanex.net/aqck2/5029.html)

Watch the bid/ask (size) boxes for entertainment. Fairly symmetrical leading up to and into the plunge then just look at those bids.

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