WTF Chart Of The Day: Russell 2000 Edition

Tyler Durden's picture


Many have likened the ETF structure of today to the CDO structure of the last bubble as the potential catalyst for accelerating moves in risk markets. If that is the case, then the collapse in the shares outstanding of the massively popular and liquid Russell 2000 ETF IWM will likley make some ask WTF?



This is the largest 2-week plunge in IWM shares outstanding since August 2010 - which marked a 13% collapse in stocks that was saved only by Bernanke's Jackson Hole 'hint' that QE2 was coming...

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Tue, 11/12/2013 - 15:01 | 4146809 maskone909
maskone909's picture

beef up your EPS by buying back shares.  creative accounting only works so long ;)

Tue, 11/12/2013 - 15:12 | 4146887 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Let's fire up them shorts! Well, if I had anything left after the last short that I got burned on.

Tue, 11/12/2013 - 15:41 | 4147045 101 years and c...
101 years and counting's picture

in the new normal, when demand collapses, just reduce the supply.  all fixed. 

Tue, 11/12/2013 - 15:03 | 4146820 dcohen
dcohen's picture

Don't worry, usually when that happens, Bernanke is stuck on porn surfing, he will soon remember to get back to his trading account and buy up some assets and prop up stocks, because this isn't acceptable.

Tue, 11/12/2013 - 15:07 | 4146838 Dr. Engali
Dr. Engali's picture

Meh....BTFD The Bernank has our back.

Tue, 11/12/2013 - 15:08 | 4146859 saints51
saints51's picture

I have a buy limit at $0. Waiting to BTFD.

Tue, 11/12/2013 - 15:34 | 4147004 max2205
max2205's picture

Ben owns all the crap in the system....that includes IWM

Tue, 11/12/2013 - 19:02 | 4147829 butchee
butchee's picture

You might want to move that order up a tenth of a cent....that way you'll get filled.

Tue, 11/12/2013 - 15:09 | 4146873 firstdivision
firstdivision's picture

a lot of short sellers are yelling at their montiros right now.  Good luck covering.

Tue, 11/12/2013 - 15:13 | 4146897 maskone909
maskone909's picture

short GNW @ 14.38

was short RDN but the float is too low cant hang with that


Tue, 11/12/2013 - 15:29 | 4146977 Polonius
Polonius's picture

Not if you've been shorting silver and gold alongside the BIS/ESF.

Which I have not.

Would not.


Tue, 11/12/2013 - 15:11 | 4146884 NOTaREALmerican
NOTaREALmerican's picture

Can I buy the red line?

Tue, 11/12/2013 - 15:25 | 4146954 slotmouth
slotmouth's picture

I'm sure GS can whip you up a shares outstanding sythetic security on IWM if you got the dough.

Tue, 11/12/2013 - 15:18 | 4146914 NoDebt
NoDebt's picture

A $1BN "repemption-in-kind" by some large investor(s)?  Wouldn't affect the price at all but it would drop the outstanding shares.  Somebody's clearing out in an awful hurry, that's for sure.


Tue, 11/12/2013 - 16:03 | 4147130 Mike Hunt Hurts
Mike Hunt Hurts's picture

Maybe they will be buying TSLA with those funds?

I hear that stock has been on fire lately.

Tue, 11/12/2013 - 15:21 | 4146942 disabledvet
disabledvet's picture

"An Insurance Company????????!!!!!!!" George W. Bush....2008.

Tue, 11/12/2013 - 15:28 | 4146974 LawsofPhysics
LawsofPhysics's picture

Insiders quietly taking their fortunes off the table - same as it ever was...

Tue, 11/12/2013 - 16:11 | 4147198 orangegeek
orangegeek's picture

I'm hungry,
I'm dirty,
I'm losing my mind...
Everything's fine!

I'm freezing,
I'm Starving,
I'm Bleeding death...
Everything's fine!

Tue, 11/12/2013 - 16:52 | 4147362 sunny
sunny's picture

You folks piqued my curiosity so I charted IWM in Bigcharts and got this Which shows some weakness, but no more than virtually every other index as they are all hugging the 8 DMA.  Pretty impressive charting so show a cliff-dive like that.



Tue, 11/12/2013 - 18:36 | 4147742 q99x2
q99x2's picture

Guess the battle for gold price discovery was lost.

Maybe they have a secret mine with untold amounts of pure ore.

Wed, 11/13/2013 - 00:45 | 4148840 RagnarDanneskjold
RagnarDanneskjold's picture

Check something similar from Vanguard, SPDRs. One of the other providers may have a cheaper option and an institution made a switch. 

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