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The Sheer Idiocy Of The Markets In One Chart

Submitted by Tyler Durden on 10/04/2013 10:10 -0400

Twitter (TWTR), Tweeter (TWTRQ), what's the difference. Just buy, buy, buy.

You just have to f##king laugh!!!

... one hour later the magic is gone and the idiot algos have left the collocated server.

- advertisements -

Fri, 10/04/2013 - 10:25 | 4022356 Spastica Rex

Trademark infringement, if you ask me.

Fri, 10/04/2013 - 10:29 | 4022374 hedgeless_horseman

Graham and Dodd Fundamental Analysis FTMFW.

Fri, 10/04/2013 - 10:35 | 4022411 Spastica Rex

On Twitter's part.

Fri, 10/04/2013 - 10:39 | 4022418 hedgeless_horseman

If these guys were awake, and sold, then they just made a fortune...legally.

Samuel Bloomberg     Chairman of the Board
Joseph McGuire        President, Chief Executive Officer, Director
Gregory W Hunt         Chief Financial Officer, Senior Vice President
William Morrison        Senior Vice President, Chief Information Officer
Patrick Reynolds         Senior Vice President, Chief Marketing Officer
Bob Staples               Senior Vice President of Sales and Installation Services
Philo T. Pappas          Senior Vice President and Chief Merchandising Officer
John Esposito            Director
Steven S Fischman     Director
Karen Kaplan             Director

Fri, 10/04/2013 - 10:41 | 4022438 hedgeless_horseman

It looks like 33,000% in one year.

Fri, 10/04/2013 - 10:47 | 4022462 synergize

This is obviously fundamentals-based and its just efficient markets at work...

------------

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Fri, 10/04/2013 - 10:53 | 4022489 Stuart

Don't know if to laugh or be angry that so many people could be that phucking stupid... they have no business anywhere near anything remotely resembling money. That so many are so phucking stupid explains so much, everywhere, all the time.

Fri, 10/04/2013 - 10:54 | 4022497 hedgeless_horseman

...they have no business anywhere near anything remotely resembling money.

I smell CalPERS portfolio managers.

Fri, 10/04/2013 - 10:59 | 4022527 HoofHearted

Doesn't everyone know what that big fuQQing Q at the end of a ticker symbol means????

Fri, 10/04/2013 - 11:06 | 4022556 AlaricBalth

Most recent SEC filing was in May 2008

"As previously reported to the Commission, on June 11, 2007, TWTR, Inc. (the "Company") and each of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code (the "Code"). The filings were made in the United States Bankruptcy Court for the District of Delaware in Wilmington, Delaware (the "Court"). On July 13, 2007, the Court entered an order approving the sale of substantially all of the assets of the Company and its subsidiaries to Tweeter Newco LLC and/or its assignees."

http://www.sec.gov/cgi-bin/browse-edgar?company=Tweeter+Home+entertainment&owner=exclude&action=getcompany

Fri, 10/04/2013 - 11:17 | 4022601 hedgeless_horseman

TWTR or TWTRQ.

Look closely before you hit the bid.

Things are not always what they seem.*

^{_{*This is for all of our comrades at the SEC that like this sort of thing.}}

Fri, 10/04/2013 - 11:20 | 4022624 AlaricBalth

That was not nice HH.

LMFAO

Fri, 10/04/2013 - 11:34 | 4022697 Decolat

Had to have been MDB

Fri, 10/04/2013 - 11:41 | 4022731 fourchan

#stupid

Fri, 10/04/2013 - 12:07 | 4022819 James_Cole

Tweeter had a good day! Lol

Fri, 10/04/2013 - 11:33 | 4022688 PT

Ummm, does this mean its a good time to IPO my company ... called Twatter ?

It'll give you the "twats" ...

Fri, 10/04/2013 - 11:37 | 4022712 PT

Are "Twetter" and "Twutter" taken? Stuff it, I'm feeling generous today. Someone else can have those names.

Fri, 10/04/2013 - 11:52 | 4022780 Rusty Shorts

Twerkker...

Fri, 10/04/2013 - 11:36 | 4022708 NotApplicable

Are you trying to get people fired?

Placing porn links without warnings is bad form.

Luckily I check the URL before I click anything any more.

Fri, 10/04/2013 - 11:42 | 4022740 StandardDeviant

Surely we all learned that back in the days of goatse.cx?!

Kids nowadays...

Fri, 10/04/2013 - 13:30 | 4023108 James_Cole

So, unemployed people are down-voting NotApplicable?

NSFW is a common courtesy.

Fri, 10/04/2013 - 11:09 | 4022579 css1971

You can blame Rospa.

I do.

Fri, 10/04/2013 - 11:04 | 4022547 donsluck

Are you stupid or just stoned? The government does not print our money, a cabal of private banks "prints" the money (most of it is digital) and loans it out. All currency is debt. The Constitution allowed ONLY COINS OF PURE METAL and had strict (death) penalties for dilution. No paper money at all. Blame the Supreme Court that allowed this to happen.

Fri, 10/04/2013 - 11:57 | 4022795 Herd Redirectio...

The WHOLE system was compromised and co-opted. The lawmakers, the law enforcement, the lawyers, the judges, the bankers (now banksters), the education system (at what age do they teach you about money and interest, if ever?)

But also... The media. Bought and paid for, all of them.

Fri, 10/04/2013 - 12:21 | 4022872 Liquid Courage

"We have placed in our government the ability to control the money supply and dish out new money to whomever they please (usually their cronies and the banks)..."

Yeah, synergize is missing an important point that also eluded me for a while. When Austrian school authors would state the general case that inflation favors those who receive the new money first, it took me a while to recognize that in the special case of the US Fiat system as it was set up on Jekyll Island (so to speak) it's -- not usually, as synergize put it -- but necessarily the banks that are first in line for the new "money" and therefore are the ones who benefit from inflation.

As for the cronies, their cut takes a much more circuitous route involving graft, kickbacks, laundering, bagmen and all that nefarious stuff.

Fri, 10/04/2013 - 11:27 | 4022670 kralizec

Tell me more about these markets...

Fri, 10/04/2013 - 10:42 | 4022448 mspgrandi

Its an OTC stock, i doubt the company even exist, although somebody is really cashing in on this... up 1400% at the moment

Fri, 10/04/2013 - 11:04 | 4022545 Buckaroo Banzai

Oh, the company exists. There are a few pump-and-dump boiler rooms out there who are making some nice bank right now.

Fri, 10/04/2013 - 11:05 | 4022555 philosophers bone

P / E Ratio = Possible Existence ratio.

> 0 = Buy.

Fri, 10/04/2013 - 10:49 | 4022466 NoDebt

I just wanted to jump in and say this article probably ranks as one of my top 5 favorite articles ever on ZH for the sheer stupidity it exposes.

These are the great "market rigging geniuses" we're so worried about?

Next IPO I hear about in the MSM I'm going to check for ANY similar tickers and put some lunch money into them.

Fri, 10/04/2013 - 10:54 | 4022495 fonzannoon

in 2000 I had an old guy come into my job and tell me he wanted to buy as much Yoohoo stock as possible. I asked him several times if he was sure. He looked at me like I was an idiot. Finally he said "how old are you, 22? How could you not have heard of yoohoo, everyone your age has!". I told him I used to drink it when I was 5, and had no idea if it was even publicly traded. We wet back and forth with this mess of a conversation for about 10 minutes until I realized he was talking about Yahoo. So this sort of stuff has been around forever, and usually is not a good sign. But the Bernak is on the job now.

Fri, 10/04/2013 - 11:08 | 4022568 gmrpeabody

"We wet back and forth with this mess of a conversation for about 10 minutes"

I haven't been in debate classes for some time, I can see there are new tactics being tried.

Fri, 10/04/2013 - 11:11 | 4022587 NoDebt

Until I got to "I used to drink it when I was 5" my eyes read "Yoohoo" as "Yahoo" in your post. Mind tricks still work even when you're expecting them, I guess.

Fri, 10/04/2013 - 11:20 | 4022626 0b1knob

I can remember there was a trucking company called Internet Transport which traded at an absurd level for many years because people believed it ran the internet. It eventually went bankrupt.

Fri, 10/04/2013 - 12:34 | 4022916 Diogenes

Nothing new. 50 years ago or more it was a standing joke in the stock market that Seaboard Air Line went up and down with TWA, Boeing and the other aviation stocks.

Seaboard Air Line was a railroad.

Fri, 10/04/2013 - 11:24 | 4022642 Herd Redirectio...

They would only have made like $800k between all of them.

Somehow I get the feeling they won't see the stock price until it is back where it started.

Fri, 10/04/2013 - 10:38 | 4022426 Concentrated po...

Concentrated power has always been the enemy of liberty.'s picture

Gold or Federal Reserve Notes...

TWTR or TWTRQ...

No one pays attention to the unit of account, it's all about market sentiment for the world wide ponzi

Fri, 10/04/2013 - 10:49 | 4022477 TruthInSunshine

The company I founded, tearjerker (symbol TRJRK), IPO's on Monday.

TRJRK is a real time communication service that allows anyone, even government employees, the ability to convey their tales of devastating woe, inflicted by the government "shutdown," over the internet in 141 characters or less.

Fri, 10/04/2013 - 11:16 | 4022603 onelight

Folks this is the "twerking" version of TWTR, ie. Twitter's evil but entertaining twin...grinding out the profits...call (s)Mylie

Fri, 10/04/2013 - 10:39 | 4022427 Oh regional Indian

The idiocy of india in one picture...

http://aadivaahan.wordpress.com/2013/10/04/the-spirit-of-india-in-one-picture/

mad world....

howdy sr.....

ori

Fri, 10/04/2013 - 10:41 | 4022443 Spastica Rex

Dude - is India still around? I haven't seen it mentioned on CNN's front page in forever!

;)

Fri, 10/04/2013 - 10:48 | 4022480 Oh regional Indian

It is , it is. Truth is, India makes it to any news only when shit happens here or gold does crazy things.

News

During

Insane

Asininity

That is the state of 1/6th of world population.

;-)

Fri, 10/04/2013 - 10:55 | 4022504 Bendromeda Strain

You really ought to use a different metaphor than "when shit happens"...

Fri, 10/04/2013 - 11:33 | 4022687 akak

Oh the citizenism!

AnAnonymous, eat your heart out.

Fri, 10/04/2013 - 11:41 | 4022734 Herd Redirectio...

Bodies in the Ganges... I think I have had my fill... For a lifetime!

Fri, 10/04/2013 - 11:47 | 4022751 tip e. canoe

i see your temple shit and raise you one pile of train station baby do

http://badcanto.wordpress.com/spot-the-mainlander/

Fri, 10/04/2013 - 12:01 | 4022806 akak

That is just pure fucking animalistic behavior, NOTHING that any human can or should ever be doing.

Hell, even my dog knows where to properly shit and piss.

Fri, 10/04/2013 - 12:30 | 4022910 Bendromeda Strain

OK - I think it is time for a palate cleanser.

Fri, 10/04/2013 - 12:51 | 4022988 TheFourthStooge-ing

Chinese citizenism citizens are unrivalled when it comes to flagrant roadside defecation. It is only through unmitigated immodesty they manage to exceed even their own achievements in this department, still maintaining that overconsumption/overexcretion is a matter of numbers and that blobbing up into Tibet will resolve the issue.

Chinese citizenism citizens knew of the finity of the world's roadsides. They knew it would come with consequences. But quick reliefs by public excretions were there so...

Sat, 10/05/2013 - 12:44 | 4025705 akak

"AnAnonymous was here"

Fri, 10/04/2013 - 10:48 | 4022473 mick_richfield

Sometimes you just have to stop and smell the diesel.

Fri, 10/04/2013 - 11:32 | 4022684 tip e. canoe

especially when it's made from recycled french fry grease

Fri, 10/04/2013 - 10:27 | 4022368 LawsofPhysics

Thank you, thank you!!!

Fri, 10/04/2013 - 10:28 | 4022369 The Axe

ha ha ha to fucking funny

Fri, 10/04/2013 - 10:30 | 4022378 John McCloy

Up another 500% since this..Lets all buy and get rich...weeeeeeeeeeee

Fri, 10/04/2013 - 10:31 | 4022384 hedgeless_horseman

Let's all sell short and get richer.

Fri, 10/04/2013 - 10:31 | 4022386 LawsofPhysics

the good news; We will all be billionires!!

the bad news; We will all be billionaires!!

Fri, 10/04/2013 - 10:29 | 4022379 GolfHatesMe

Nice Target Price! $1.00 with .01 close yesterday

Fri, 10/04/2013 - 10:33 | 4022387 Dr. Engali

Lol..freaking retards.

Fri, 10/04/2013 - 10:31 | 4022389 Meatballs

This is hilarious. Tweeter stores have closed all over the northeast- I thought they were gone...

Fri, 10/04/2013 - 10:32 | 4022396 deejo

This ZH post is by far the most profound and succinct summary of everything I hate about the human race. When the phuk does this all burn down, seriously.

Fri, 10/04/2013 - 10:46 | 4022459 Cursive

@deejo

Exactly. Where's that quote about how at the end of the Roman Empire the economy and money had turned to nothing but speculation....

Fri, 10/04/2013 - 10:49 | 4022483 mick_richfield

About ten years after I thought it would,

about five years after I thought it could not possibly stagger on another month,

and about two years after I gave up on being prepared.

_{( that fixes the date sometime in the latter half of this month... )}

Fri, 10/04/2013 - 12:36 | 4022932 Zadok

Are we related? At least we think the same.

Fri, 10/04/2013 - 10:34 | 4022400 DOT

Double plus good!

Fri, 10/04/2013 - 10:34 | 4022406 More_sellers_th...

I remember the tweeter on Commonwealth Ave...they used to have some sweet stuff in that store....That reminds me how much joy it was to go in a real store and see lots of high end brands and feel cool for picking the one I got...Sad now...walk in any store and see Apple or LG, take your pick sir, its all made in the same place with the same materials...Like a soviet grocery store...sad

Fri, 10/04/2013 - 10:39 | 4022420 Spastica Rex

You could become a wine enthusiast.

Fri, 10/04/2013 - 10:41 | 4022444 More_sellers_th...

True Rex, I tried that, I'd buy a few cases,,,,then drink em all....can't afford to keep the stock long enough

Fri, 10/04/2013 - 10:47 | 4022465 Spastica Rex

Self esteem through enlightened consumption can be achieved in many ways. How about collecting? Cars are good (if you're successful), or maybe sports memorabilia - for the aspirational.

Fri, 10/04/2013 - 11:44 | 4022744 Herd Redirectio...

Consumerism. Once you have 'consumed' enough advertising and commercials, it can take some doing to remove the stink.

Fri, 10/04/2013 - 10:45 | 4022461 Swarmee

Is Sony guts!

Fri, 10/04/2013 - 10:36 | 4022410 Racer

I thought the price had to be halted after 5%/10%? move?

Fri, 10/04/2013 - 10:38 | 4022419 pound the vix

What? I bought the wrong stock. No problem I'm sure Goldman will allow me to cancel that trade.

Fri, 10/04/2013 - 10:38 | 4022429 Palladin

And if you think that's nuts, just look at the Market Pulse link over at Yahoo Finance.

They are all talking as if this is Twitter.

Just unbelievable.

http://finance.yahoo.com/marketpulse/TWTRQ

Fri, 10/04/2013 - 10:42 | 4022441 Racer

ROFLMAO!

Fri, 10/04/2013 - 10:46 | 4022457 Unprepared

Wait until I enlist my new stock TWTW (Twit for Twat)

Fri, 10/04/2013 - 10:47 | 4022467 SpanishGoop

Going short twtrq now.

All in before they discover they made a typing error.

Fri, 10/04/2013 - 10:48 | 4022469 Pairadimes

Now THIS is Friday Humor. Thank you, Tyler(s).

Fri, 10/04/2013 - 10:48 | 4022472 Son of Loki

I just Tweeted my broker the news.

Fri, 10/04/2013 - 10:50 | 4022484 Scalaris

Based on fundamentals, efficient markets and rainbows.

Fri, 10/04/2013 - 10:52 | 4022487 thismarketisrigged

up now 1,130.77 pct now.

Fri, 10/04/2013 - 10:53 | 4022491 adr

How much do you want to bet Tweeter will still make more of a profit than Twitter?

Considering Twitter is still losing close to $100 million on their huge jump in revenue.

Yet a company with no profit and no real business model, other than sell #whatever, will probably have a $50 billion market cap in short order.

BECAUSE JUST THINK OF THE POTENTIAL IF EVERYONE TWEETS!!!!!! SO MANY EYEBALLS LOOKING AT A TWEET HAVE TO BE WORTH MORE MONEY THAN THE ENTIRE SECTOR SELLING THE PRODUCTS!!!! UNLIMITED REVENUE!!!! no profit, BUT REVENUE!!!!

Fri, 10/04/2013 - 10:52 | 4022494 mister0_1

WSJ steals your article without attribution. Scumbags.

http://blogs.wsj.com/moneybeat/2013/10/04/long-dead-tweeter-soars-some-seek-twitter/

Fri, 10/04/2013 - 10:57 | 4022505 Racer

"Tweeter filed for bankruptcy in November 2008, days before fellow electronics chain Circuit City, and both closed their stores soon thereafter."

As profitable as Twitter I see!

Ha ha ha ha

Fri, 10/04/2013 - 10:58 | 4022508 razorthin

dot.con idiocy deja vous all over again

- Yogi

Fri, 10/04/2013 - 10:58 | 4022516 Whoa Dammit

Photos of sheer idiocy: 50 people who lived in the same condo complex as the mom shot by DC police were forced to evacuate while space suited cops searched the place. (Photos of this start about half way down the linked page).

http://www.dailymail.co.uk/news/article-2442703/Miriam-Carey-Woman-killed-outside-Capitol-Hill-trying-ram-gates-White-House.html

Fri, 10/04/2013 - 11:50 | 4022769 Herd Redirectio...

She lived in Stamford and had supposed 'mental health problems'. Which are also known in some circles as 'side effects to being a MK Ultra Monarch' test subject.

Fri, 10/04/2013 - 10:58 | 4022518 SheepDog-One

LMAO! 'Buy Twitter hand over fist! And also anything that even sounds like Twitter!'

Fri, 10/04/2013 - 11:00 | 4022525 adr

You want more idiocy check out Potbelly, priced at $14, opens above $30.

A few years ago Potbelly made good sandwiches. Once the IPO was filed quality went downhill fast. Now the place tastes like the garbage thrown out from Subway.

Fri, 10/04/2013 - 11:02 | 4022536 Inthemix96

An old man many years ago, next door neighbour infact, told me when I was a kid that humans are the most stupid and profoundly thick creatures he had ever dealt with.

This article somewhat proves it, apart from the cast here at ZH, my heart weeps for the wider public that are so fucking stupid, self-centered, and un-bothered by whats going on around them, that when the real shit happens, they will deserve everything they get.

#Fuckpidity.com

Fri, 10/04/2013 - 11:03 | 4022538 ebworthen

Man people are stupid.

I mean, someone had to have at least programmed in a stock symbol if it was the robot algos.

If it was the desk jockey retail crowd doing the buying it would explain the non-stop commercials I see.

Fri, 10/04/2013 - 11:08 | 4022565 The Final Countdown

Looks like someone messed up the ticker symbol string parser of their HFT bot. Them regular expressions are greedy, you know :-/

Fri, 10/04/2013 - 11:10 | 4022573 azengrcat

Algo with wildcard search and retards that can't read for the FTMFL.

Fri, 10/04/2013 - 11:15 | 4022597 Al Capowned

lol best Friday humour!!

Fri, 10/04/2013 - 11:17 | 4022613 Palladin

and it keeps on getting better.

Herb Greenberg has joined the party.

Here's a little something I put together.

https://docs.google.com/file/d/0B51-74tGswAXcG9HMmNDVGdWbnM/edit?usp=sha...

Fri, 10/04/2013 - 11:22 | 4022631 Luke 21

Since volume according to Yahoo is 1.4M this amounts to under $100K in volume. I do not think it is appropriate to say the sheer idiocy of "The Markets". Maybe the sheer idiocy of a few individuals.

Fri, 10/04/2013 - 11:25 | 4022659 Palladin

The volume shown on my trading platform is over 10 million.

Maybe use this link instead of Yahoo

http://www.nasdaq.com/symbol/twtrq

Fri, 10/04/2013 - 11:28 | 4022665 q99x2

I have a painting by an unknown artist for sale.

$75,000 to the first banker that can use it for collateral.

Fri, 10/04/2013 - 11:28 | 4022668 Clowns on Acid

Tomato, tomatto.

Fri, 10/04/2013 - 11:34 | 4022690 JSD

Shit. It happened again.

-Bill Ackman

Fri, 10/04/2013 - 11:33 | 4022699 Montezuma

People are idiots... what else is new?

Fri, 10/04/2013 - 11:35 | 4022709 tip e. canoe

tyler(s) should do a new weekly series

Pink Shee(i)t Fridays

there's literally dozens of these scams runnin on the OTCBB. would be interesting to try to track where the big buys/sells are coming from...wouldn't be surprised to see a TBTF or 2 in there somewhere...

just for shee(i)ts & giggles :)

Fri, 10/04/2013 - 12:07 | 4022790 Emergency Ward

Pssst! SPCLQ. AAPL CEO. pssst! still hot!!

http://www.businessweek.com/stories/1994-03-20/behind-the-scandal-at-spe...

I know, old news, but this is a classic story of a vapor company with pumpers and dumpers, shameless thieves and a big name that was duped into being a stooge.

Fri, 10/04/2013 - 11:39 | 4022728 JSD

I hear the (former) CEO will be on Mad Money tonight.

Fri, 10/04/2013 - 11:42 | 4022732 Professorlocknload

Rockin' Robin,,, tweet, tweet

Fri, 10/04/2013 - 11:51 | 4022733 Emergency Ward

INTL INTC inside

COST, CSCO, SYY was a friend of mine

In this investing era, even buying the wrong one by mistake could pay off big time. In fact if you bought the wrong one you might be better off ha ha.

Fri, 10/04/2013 - 11:45 | 4022748 orangegeek

pump and dump

Fri, 10/04/2013 - 13:05 | 4023028 Bobbyrib

That usually involves a scheme. The owners of this stock tripped over a gold mine when retail investors somehow thought Twitter would IPO at .05 per share.

Fri, 10/04/2013 - 11:49 | 4022759 Yen Cross