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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maskone909's picture

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

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.

101 years and counting's picture

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

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.

Dr. Engali's picture

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

saints51's picture

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

max2205's picture

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

butchee's picture

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

firstdivision's picture

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

maskone909's picture

short GNW @ 14.38

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


Polonius's picture

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

Which I have not.

Would not.


NOTaREALmerican's picture

Can I buy the red line?

slotmouth's picture

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

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.


Mike Hunt Hurts's picture

Maybe they will be buying TSLA with those funds?

I hear that stock has been on fire lately.

disabledvet's picture

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

LawsofPhysics's picture

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

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!

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.



q99x2's picture

Guess the battle for gold price discovery was lost.

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

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.