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From A Twitter Hack To The Complete Evaporation Of All Market Liquidity In One Chart

Tyler Durden's picture
Submitted by Tyler Durden on 04/23/2013 13:24 -0400



 

Presented with little comment aside to note that based on a tweet, the 'deeply liquid' US equity market collapsed instantaneously as all those liquidity-providing 'algos' jumped ship...

The lower pane shows the market depth disappearing courtesy of Nanex.

 

The S&P tested down to yesterday's close filling the gap perfectly...

The good news, if indeed this was merely a test for "the big one", is that everyone managed to sell ahead of everyone else. Right?

 
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Tue, 04/23/2013 - 14:08 | 3489336 Chief Falling Knife
Chief Falling Knife's picture

lol.. MOAR MOAR.. ah.. fuck it.. this shit's brutal.. http://www.youtube.com/watch?v=9gE_oV80L1s

Tue, 04/23/2013 - 14:00 | 3489281 Bangin7GramRocks
Bangin7GramRocks's picture

And yes, it is gambling!

Tue, 04/23/2013 - 14:03 | 3489297 ronincap
ronincap's picture

Who said Monica Lewinsky is a girl

 

Tue, 04/23/2013 - 14:11 | 3489349 icanhasbailout
icanhasbailout's picture

It's inferred from the fact that Bill Clinton isn't known as a rapist of males.

Tue, 04/23/2013 - 14:03 | 3489299 orangegeek
orangegeek's picture

Another soul sucking clusterfucked event.

 

Oh well, who gives a flying shit.

Tue, 04/23/2013 - 14:06 | 3489319 Black Markets
Black Markets's picture

The explosion of volume says that the liquidity was executed on and did NOT "evaporate".

Learn to read the fucking chart.

Tue, 04/23/2013 - 17:01 | 3490189 Trampy
Trampy's picture

thank you!  liquidity appeared in those volume spikes, which look more like old-fashioned human bargain hunting, possibly resting limit buy orders of size, rather than the smooth algo trading preceding it.

Tue, 04/23/2013 - 14:40 | 3489507 q99x2
q99x2's picture

 Buy low. Sell high.

Tue, 04/23/2013 - 15:21 | 3489697 pashley1411
pashley1411's picture

Surprised that TSA doesn't have its own twitter feeds to counter any negative "news".

You know; "Everyone gets a raise",

"China gives USA back its $1T, apologizes",

"Santa announces 2nd Xmas in July",

"Obama ascends to heaven on clouds".  

Tue, 04/23/2013 - 17:26 | 3490268 Tulpa
Tulpa's picture

"The chocolate ration has increased to 20 grams"

Tue, 04/23/2013 - 22:57 | 3491406 fnordfnordfnord
fnordfnordfnord's picture

But last week it was 40 grams!

Tue, 04/23/2013 - 15:43 | 3489812 GrinandBearit
GrinandBearit's picture

It's not 70%... not 80%... not 90%...

This market is 100% fake.

When the algos stop trading and liquidity is gone, the REAL market reveals itself...

There is no market.

Tue, 04/23/2013 - 16:58 | 3490188 22winmag
22winmag's picture

Talk about tearing the curtain down and observing the hollow man behind it...

Tue, 04/23/2013 - 17:03 | 3490202 Black Markets
Black Markets's picture

Bullshit.

The liquidity was matched with marketable orders it wasn't cancelled.

Look at the volumes and do the math.

Tue, 04/23/2013 - 19:13 | 3490731 indio007
indio007's picture

I love it when people talk their book.

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