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Market Breaks: BATS, NASDAQ Declare Self-Help Against Chicago

Tyler Durden's picture


We get a modest sell-off... and the market breaks. As the popular saying goes: "the market may be rigged, but at least it's broken."

And Nasdaq joins the party too.


All those curious what the market-wide circuit breaker is when the S&P "crashes" by more than 1%? It's the entire market declaring self-help against itself, as algos go haywire and try to sell everything at the same time, only to realize they are merely frontrunning each other.


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Fri, 04/04/2014 - 12:20 | 4625149 RacerX
RacerX's picture

It must be snowing somewhere.

Fri, 04/04/2014 - 12:22 | 4625160 eclectic syncretist
eclectic syncretist's picture

From now on BATS will only accept front-runnable orders!!!

Fri, 04/04/2014 - 12:26 | 4625178 pods
pods's picture

Just remember this when that thought enters your brain about how you will be able to get out before it crashes.


Fri, 04/04/2014 - 12:34 | 4625216 Pladizow
Pladizow's picture

HFT's + ETF's = WTF!

Fri, 04/04/2014 - 12:36 | 4625240 Tinky
Tinky's picture


Fri, 04/04/2014 - 12:40 | 4625260 cifo
cifo's picture

multiple personality disorder

Fri, 04/04/2014 - 12:45 | 4625273 DeadFred
DeadFred's picture

IEX is causing this by soaking up too many slow orders. Now it's only nanosecond against nanosecond and those cute little algos are getting unhappy.

Fri, 04/04/2014 - 12:48 | 4625289 ParkAveFlasher
ParkAveFlasher's picture

I'm afraid. I'm afraid, Dave. Dave, my mind is going. I can feel it. I can feel it. My mind is going. There is no question about it. I can feel it. I can feel it. I can feel it. I'm a... fraid. Good afternoon, gentlemen. I am a HAL 9000 computer. I became operational at the H.A.L. plant in Urbana, Illinois on the 12th of January 1992. My instructor was Mr. Langley, and he taught me to sing a song. If you'd like to hear it I can sing it for you.

Fri, 04/04/2014 - 12:57 | 4625323 Cangaroo.TNT
Cangaroo.TNT's picture

I live in Illinois.  Can I declare self help against Chicago???

Fri, 04/04/2014 - 13:02 | 4625350 DeadFred
DeadFred's picture

"Daisy, Daisy"

O'Brian broght this on when he lied on CNBC about pricing off the fast feeds. Algos believe everything they are told so now they are pricing off the fast feeds and getting creamed. Hey O'Brian, your machines were watching your interview! They're programmed to watch all the BS CNBC puts out. What a tangled web we weave...

Fri, 04/04/2014 - 13:09 | 4625379 ParkAveFlasher
ParkAveFlasher's picture

Wow, that's something.  This O'Brien chap smells like an implanted stooge, even before I read your comment. 

Fri, 04/04/2014 - 13:26 | 4625450 Flagit
Flagit's picture

chewbacca defense

ostrich defense



Fri, 04/04/2014 - 13:59 | 4625552 mickeyman
mickeyman's picture

Is "self-help" anything like self-love?

Fri, 04/04/2014 - 13:58 | 4625549 ebworthen
ebworthen's picture

"Help, I've fallen and I can't get up!"

Market down = senior citizen who needs help.

Market up = a sprinting 19 year old that can't be stopped.

Fri, 04/04/2014 - 12:38 | 4625249 Bollixed
Bollixed's picture

Frontrunning - It's not just for breakfast, anymore...

Fri, 04/04/2014 - 13:20 | 4625426 logicalman
logicalman's picture


Fri, 04/04/2014 - 12:31 | 4625217 Headbanger
Headbanger's picture

A "thought"?   A "brian"?

What's that about??

Fri, 04/04/2014 - 12:33 | 4625227 Two-bits
Two-bits's picture

A heart? A home? A brain?


The nerve.

Fri, 04/04/2014 - 13:02 | 4625353 dontgoforit
dontgoforit's picture

....a stone, a leaf, an unfound door - Thomas Wolfe ca. 1935

Fri, 04/04/2014 - 17:37 | 4626530 MisterMousePotato
MisterMousePotato's picture

... a face seen once ...

Fri, 04/04/2014 - 12:37 | 4625245 CrimsonAvenger
CrimsonAvenger's picture

A "Brian"? He's not the messiah, he's a very naughty boy.

Fri, 04/04/2014 - 12:40 | 4625259 Headbanger
Headbanger's picture

I obviously proved my own lack of a brian there.

Now what was the question?

Fri, 04/04/2014 - 17:38 | 4626529 MisterMousePotato
MisterMousePotato's picture

I need a better computer.

Fri, 04/04/2014 - 12:32 | 4625223 Oh regional Indian
Oh regional Indian's picture

It will take just a milli-second. 

You sit and practise your fast finger and train your eyes on retinal trainers...and watch the ticking graph and NUMBers.

Of course you will NEVER be the bag holder. Too smart, BTDT, Cynical MOFO.... 

This sword, unfortunately or otherwise, cuts going and coming.


Fri, 04/04/2014 - 12:36 | 4625231 spastic_colon
spastic_colon's picture

"crashing" has been outlawed....they just turn off the machines now


:::::: : : ::: :: :::

Fri, 04/04/2014 - 12:38 | 4625248 Headbanger
Headbanger's picture

But turning off the machines is exactly  what will  crash the market cause there will be zero bids.


Fri, 04/04/2014 - 12:41 | 4625264 spastic_colon
spastic_colon's picture

we'll just call it "going askless"


:::: : : :: ::: ::::

Fri, 04/04/2014 - 13:15 | 4625405 Howard_Beale
Howard_Beale's picture

Or it's just nobody's bidness!

Fri, 04/04/2014 - 12:39 | 4625256 Buckaroo Banzai
Buckaroo Banzai's picture

"Turn those machines back on!" -- Mortimer Duke

Fri, 04/04/2014 - 12:41 | 4625268 centerline
centerline's picture

good one!

Fri, 04/04/2014 - 13:32 | 4625462 Flagit
Flagit's picture

"Fuck him!" -- Mortimer Duke

Fri, 04/04/2014 - 12:46 | 4625278 spastic_colon
spastic_colon's picture

that was actually playing in my head when I typed that funny/sick/old are all of us!


:::: : ::: :: ::::

Fri, 04/04/2014 - 13:23 | 4625439 astoriajoe
astoriajoe's picture

turn off the machines and reverse the adverse trades of the previous 3 minutes...

Fri, 04/04/2014 - 13:27 | 4625455 NotApplicable
NotApplicable's picture


Fri, 04/04/2014 - 13:16 | 4625409 disabledvet
disabledvet's picture

"but i was trained not to think! just buy the crash!"

Fri, 04/04/2014 - 12:28 | 4625189 toys for tits
toys for tits's picture

A new isle in Barnes & Nobles?

Self-Help for Algorithims

Fri, 04/04/2014 - 12:35 | 4625233 playnstocks
playnstocks's picture

Front running for Dummies!

Fri, 04/04/2014 - 12:29 | 4625203 Divided States ...
Divided States of America's picture

there should be a better term for front running in a down market....maybe we can call it front bailing or maybe back dooring as in jumping out the back door of a uncontrollable freight train flying off a cliff.

Fri, 04/04/2014 - 12:31 | 4625220 Renewable Life
Renewable Life's picture

"Back Dooring" is absolutely perfect on multiple levels!!!

Fri, 04/04/2014 - 12:33 | 4625228 fonzannoon
fonzannoon's picture

as of now the nasdaq dip is getting bought. At this point it's better for all of us if they don't actually open the market and just announce what it closed at each morning.

Fri, 04/04/2014 - 12:36 | 4625238 Divided States ...
Divided States of America's picture

Yeah I agree its probably getting bought...not that I think its right...however, if I jump in on some biotechs now, I am sure I will screw up both you and Docs weekend.

Fri, 04/04/2014 - 12:47 | 4625263 fonzannoon
fonzannoon's picture

maybe stay with the safe stuff like 3d printing

nanex just put up this visual of TWTR/FB/NFLX/BIB. They do some awesome work those guys over there.

Fri, 04/04/2014 - 12:57 | 4625324 medium giraffe
medium giraffe's picture

pmsl. haven't seen that one!

Fri, 04/04/2014 - 13:27 | 4625457 seek
seek's picture

Oh dear god, all that's missing is algo names on their shirts. I'm in tears.

Fri, 04/04/2014 - 13:14 | 4625399 Drifter
Drifter's picture

There is. Computerized scalping.

Brad mentioned it in the CNBC thing.

Fri, 04/04/2014 - 12:22 | 4625161 Crash Overide
Crash Overide's picture

Pure fucking comedy!

Fri, 04/04/2014 - 12:28 | 4625191 McMolotov
McMolotov's picture

Patiently waiting for the Blue Screen of Death™...

Fri, 04/04/2014 - 12:59 | 4625338 ApollyonDestroy
ApollyonDestroy's picture

Only to be followed by pillage, rape and fire.

Fri, 04/04/2014 - 12:21 | 4625150 Squid Viscous
Squid Viscous's picture

Couldn't happen to a nicer, more trustworthy CEO i feel bad...

Fri, 04/04/2014 - 12:29 | 4625208 KickIce
KickIce's picture

Must be hell, or room 101, for Mr. O'Brien.

Fri, 04/04/2014 - 12:31 | 4625209 toys for tits
Fri, 04/04/2014 - 13:32 | 4625477 NotApplicable
NotApplicable's picture

I really did NOT need to see that fucking smirk.

Fri, 04/04/2014 - 12:38 | 4625250 Confused
Confused's picture

No matter how you slice it, we will be hearing about how Micheal Lewis' book and the subsequent fallout was responsible for "market Jitters." And they will claim on CNBC that "the little" guy is worried. Cash on the sides....blah blah blah

Fri, 04/04/2014 - 12:49 | 4625292 spastic_colon
spastic_colon's picture

why do I get the feeling that the whole CNBC mayhem episode was set up by the squid and o'brien was in on it?


:::: : ::: : :::

Fri, 04/04/2014 - 13:13 | 4625397 Budd aka Sidewinder
Budd aka Sidewinder's picture

Why am I envisioning O'Brian putting on his dress blues in front of his mirror and polishing his pearl handle revolver.....slowly shuts door....

Fri, 04/04/2014 - 13:28 | 4625459 spastic_colon
spastic_colon's picture

"you can't handle the truth!"


::: : : ::: ::::

Fri, 04/04/2014 - 13:34 | 4625482 ZeroHour
ZeroHour's picture





6 1 1 3 2 3
4 1 1 2 3 4
4 1 3 2 4
4 1 3 1 3
3 1 1 3 4


Fri, 04/04/2014 - 13:31 | 4625466 NotApplicable
NotApplicable's picture

It was obviously a setup. Thing is, useful idiots aren't quite as useful if they're in on all of the dirty details.

Remember, reality is merely ones' most plausible belief system.

Or, going back to Seinfeld... "It's not a lie if you believe it.'

Fri, 04/04/2014 - 12:21 | 4625152 Bearwagon
Bearwagon's picture


Fri, 04/04/2014 - 12:49 | 4625272 Renewable Life
Renewable Life's picture

Doesn't matter how long this shit goes on, I'm still amazed beyond belief at the lack if reality and objectivity of these fucking so called "business networks"!!!!
Every single one of those connected, insider motherfuckas knows what's going on, they know its illegal, unethical, and most importantly they know its non capitalistic and anti free market, and the motherfuckers still sit in those chairs day after day, lying their asses off right into the camera!!

It's obvious to an 8th grader at this point, the fucking stock market "can't" go down or the end of the world as we know it will happen, yet they still sit there, lying their asses off!!

Unreal and surreal at the same time!

I'm just waiting for the next load of propaganda bullshit to arrive, having something to do with Putin and China and it's unAmerican to let the market go down, and anyone who thinks it should, is with the enemy or the terrorists!!

Fri, 04/04/2014 - 13:01 | 4625349 NOTaREALmerican
NOTaREALmerican's picture

Well,  don't forget, that humans compete with each other using bullshit (manipulation and duplicity).

So,  people with moral OCD (like most of the people on here) are confused about WHERE the competition is taking place.  

The bullshit ABOUT the market, ABOUT the society, ABOUT the enemies is used to separate the smart-n-savvy (the winners) from the dumb-n-clueless (the losers). 

The smart-n-savvy are those who interpret the bullshit correctly.   Hell, if markets were "fair" and "all information was known" any dumbasses could compete and win.

Fri, 04/04/2014 - 13:43 | 4625506 WillyGroper
WillyGroper's picture

"It's Not A Lie If You Believe It"


Fri, 04/04/2014 - 12:55 | 4625314 unplugged
unplugged's picture

if you don't jump then you'll get nailed

Fri, 04/04/2014 - 12:57 | 4625153 LawsofPhysics
LawsofPhysics's picture

There is going to be a lot of need for "self-help" in the near future...


Fri, 04/04/2014 - 12:21 | 4625154 PartysOver
PartysOver's picture

Can you say Cluster Fuck?  Just asking.

Fri, 04/04/2014 - 12:22 | 4625156 myTPisUSD
myTPisUSD's picture



Fri, 04/04/2014 - 12:22 | 4625159 Squid Viscous
Squid Viscous's picture

anyone else getting that flashy crashy twitchy feeling...?

Fri, 04/04/2014 - 12:22 | 4625162 Shizzmoney
Shizzmoney's picture

Whenever stocks go down and take a nose dive - it's a good day for liberty in America.

Fri, 04/04/2014 - 12:26 | 4625180 RockRiver
RockRiver's picture

Whenever stocks go down and take a nose dive - it's a good day for liberty in America.


But not so good for my S&P length...

Fri, 04/04/2014 - 12:29 | 4625200 Squid Viscous
Squid Viscous's picture

the new generation of penis pumps work very well, so i'm told

Fri, 04/04/2014 - 12:23 | 4625166 Battleaxe
Battleaxe's picture

RED FRIDAY!!!!!!!!!!!!!!!!!!!!!!!!!!!

Fri, 04/04/2014 - 12:25 | 4625173 Cangaroo.TNT
Cangaroo.TNT's picture


Fri, 04/04/2014 - 13:18 | 4625416 Cthonic
Cthonic's picture

It's an automagically delicious ecn?

Fri, 04/04/2014 - 12:25 | 4625174 Kaiser Sousa
Kaiser Sousa's picture

and the US markets r the cleanest shit stained drawers in all the global markets.....

fuck off......RIGGED

Fri, 04/04/2014 - 12:29 | 4625198 RockRiver
RockRiver's picture

and the US markets r the cleanest shit stained drawers in all the global markets.....

fuck off......RIGGED


No doubt that the markets are rigged but one can still make money.....

Fri, 04/04/2014 - 12:31 | 4625215 Kaiser Sousa
Kaiser Sousa's picture

u meant dollars right?

not to be confused with real money.

Fri, 04/04/2014 - 12:32 | 4625224 RockRiver
RockRiver's picture

Good point.....


My bad

Fri, 04/04/2014 - 12:26 | 4625179 walküre
walküre's picture

Who with a 6 figure paycheque, benefits and pension is going to investigate, prosecute or convict anything related to HFT?

Fri, 04/04/2014 - 12:26 | 4625181 jim249
jim249's picture

Calm down. Just the Fed trying to slow things down to prevent a fake market from correcting.

Fri, 04/04/2014 - 12:26 | 4625182 Dr. Engali
Dr. Engali's picture

The solution is simple, no more selling will be allowed. Bats is one screwed up exchange.

Fri, 04/04/2014 - 12:27 | 4625184 KickIce
KickIce's picture

I picked a helluva day to run out of popcorn.

Fri, 04/04/2014 - 12:27 | 4625185 papa_lazarou
papa_lazarou's picture

You're my wife, now!

Fri, 04/04/2014 - 12:40 | 4625187 medium giraffe
medium giraffe's picture

Shelter In Place

Fri, 04/04/2014 - 12:27 | 4625188 rosiescenario
rosiescenario's picture

Let all the trades mentioned here just yesterday.....that will get things fixed quickly.

Fri, 04/04/2014 - 12:28 | 4625195 NOTaREALmerican
NOTaREALmerican's picture

Well, come on,  did anybody QA the code to handle a down market?  

And, why would they QA it, it's never gonna happen. 

Fri, 04/04/2014 - 12:29 | 4625197 Unknown Poster
Unknown Poster's picture

I,m surprised the whole thing works on a good day.

Fri, 04/04/2014 - 12:29 | 4625201 Kaiser Sousa
Kaiser Sousa's picture

im telling u...

watch the Silver chart for the rest of the day...they gonna push on it to cool the paper metal markets...

Fri, 04/04/2014 - 12:30 | 4625210 SheepDog-One
SheepDog-One's picture

Another wheel flies off the hoopdie at high worries....FED will hang over there and replace it with an even faster wheel with a spinner hub!

Fri, 04/04/2014 - 12:33 | 4625226 Bay of Pigs
Bay of Pigs's picture

How you doing SD1?

Cheers and Aloha bro...

Fri, 04/04/2014 - 12:30 | 4625213 Frank N. Beans
Frank N. Beans's picture

let's see if they just pull the plug on their HFT computers to stem the bloodletting

or will that make it worse? 

Fri, 04/04/2014 - 12:30 | 4625214 dracos_ghost
dracos_ghost's picture

BATS: We have determined that we are our own grandpa

Fri, 04/04/2014 - 12:32 | 4625225 asscannon101
asscannon101's picture

'Let me make one thing clear: If you don't like your trading losses, you don't have to keep your trading losses.'

Fri, 04/04/2014 - 12:56 | 4625317 The Abstraction...
The Abstraction of Justice's picture

I think of all the crap one liners Obama gets remembered for, when mine go unread:



Killing, and making cruel

exhibition with criminal’s bodies

was something I did by the dozen,

every week, and without regret. He

helped create the culture of

corruption we see today. As sure as

these wounds will prove my death,

our country will rot and die. Such

as his was the egregious legacy,

and such was my lot to undo it.


Fri, 04/04/2014 - 12:57 | 4625328 unplugged
unplugged's picture

you didn't trade that

Fri, 04/04/2014 - 12:34 | 4625232 centerline
centerline's picture

That's quite an assertion there Tyler.  I don't doubt it either.

Fri, 04/04/2014 - 12:37 | 4625244 El Hosel
El Hosel's picture

BATS- "Our computers can't figure out what to do and what can't stop them".  

Chicago- " Go Fuck Yourself"

Fri, 04/04/2014 - 12:35 | 4625234 Fix-ItSilly
Fix-ItSilly's picture

How do "algos" short in microseconds ahead of each other and make sure they don't break the "naked short" legal ban?

Fri, 04/04/2014 - 12:36 | 4625237 NuYawkFrankie
NuYawkFrankie's picture

The Good Old Days: When BATS were just in the belfry.

Fri, 04/04/2014 - 12:48 | 4625287 medium giraffe
medium giraffe's picture

Either way, you still get covered in guano when the bell rings.

Fri, 04/04/2014 - 12:46 | 4625282 Seasmoke
Seasmoke's picture

Weekends at Golden Goose. They killed the golden goose, but they keep the corpse propped up and waving that all is fine. 

Fri, 04/04/2014 - 12:47 | 4625284 unplugged
unplugged's picture

the HFT will continue until morale improves

the rigging will continue until morale improves


Fri, 04/04/2014 - 12:49 | 4625291 Yen Cross
Yen Cross's picture

  "Broke Back Market"

Fri, 04/04/2014 - 12:53 | 4625306 Tinky
Tinky's picture

"Where the retail investor takes it in the..."

Fri, 04/04/2014 - 15:06 | 4625886 Iam_Silverman
Iam_Silverman's picture


Fri, 04/04/2014 - 12:51 | 4625300 Save_America1st
Save_America1st's picture

more like BATShit crazy!!!

Fri, 04/04/2014 - 12:54 | 4625307 Save_America1st
Save_America1st's picture

okay, so I'll just throw it out there and ask since I don't think anyone else has yet.

So what exactly (in simple to understand terms please) does this rule mean?  What actually happened?

Is SkyNet becoming "aware"...are the algos about to attack us or something?!Terminator.jpg

Fri, 04/04/2014 - 12:53 | 4625311 TrustWho
TrustWho's picture

Only one source.....FOMC policy and the Great Wizard Of Oz.....THE FEDERAL RESERVE.

When Fed forces everyone in one direction, ALGOS can work in a HFT market. The question the Fed will never answer is: "Who buys when all ALGOS say SELL?"

The Federal Reserve deserves our ANGER.

Fri, 04/04/2014 - 12:57 | 4625319 Cornholiovanderbilt
Cornholiovanderbilt's picture

With the dep of Justus investigating hft sucks tht last microcosm of confidence is history!

Fri, 04/04/2014 - 12:57 | 4625325 alangreedspank
alangreedspank's picture

BATShit insane.

Fri, 04/04/2014 - 12:58 | 4625331 Quinvarius
Quinvarius's picture

All the HFT clowns are turning off their machines, pulling the hard drives, and DOD wiping them.

Fri, 04/04/2014 - 12:58 | 4625332 Cornholiovanderbilt
Cornholiovanderbilt's picture

Yes I'm already drunk and slurring!

Fri, 04/04/2014 - 12:59 | 4625339 Waterfallsparkles
Waterfallsparkles's picture

So when the Market goes down they just pull the plug on the computer.

So much for Market liquidity.

Fri, 04/04/2014 - 13:00 | 4625343 buzzsaw99
buzzsaw99's picture

if the squid loses money there will be busted trades

Fri, 04/04/2014 - 13:00 | 4625344 ThisIsBob
ThisIsBob's picture

HFT in its peresent incarnation is pretty much over (maybe today).  But not to worry, its likely not the only burglary tool in the bag.

Can wait until the kettle of lawyers descends upon the exchanges who are surely co-conspirators, aiders and abbetors.  Many St. Barts vacations in store for the right guys.

Fri, 04/04/2014 - 13:03 | 4625356 NDXTrader
NDXTrader's picture

This is probably the signal to cover. It seems that every time the market "breaks" we go up the rest of the day

Fri, 04/04/2014 - 13:03 | 4625359 Frank N. Beans
Frank N. Beans's picture

I love the smell of a 100-point nasdaq drop in the morning


Fri, 04/04/2014 - 13:04 | 4625361 Bernardo Gui
Bernardo Gui's picture

Excellent article.  The potential for flash crashes alone is sufficient justification to outlaw HFT. 

Fri, 04/04/2014 - 13:04 | 4625362 Bernardo Gui
Bernardo Gui's picture

Excellent article.  The potential for flash crashes alone is sufficient justification to outlaw HFT. 

Fri, 04/04/2014 - 13:07 | 4625375 Budd aka Sidewinder
Budd aka Sidewinder's picture

"They will all drown in lakes of blood....Now they will know why they're afraid of the dark....Now they will know why they fear the night"

Fri, 04/04/2014 - 13:08 | 4625377 lasvegaspersona
lasvegaspersona's picture

I was promised an UP market damn it! Just do it!!

Fri, 04/04/2014 - 13:12 | 4625390 OMG
OMG's picture

My son literally got sick trading today here is a video of him

Fri, 04/04/2014 - 13:12 | 4625393 Quinvarius
Quinvarius's picture

Bankers are going Nicholas Biddle this market if you take away their HFT scam.

Fri, 04/04/2014 - 13:12 | 4625395 lasvegaspersona
lasvegaspersona's picture

Seriously....I have been wrong about how bad things are for 4 years (this month). The Fed is doing a marvelous job of keeping us wrong with it's ability to control interest rates (probably by directly participating in interest rates swaps). When I see this kind of activity I wonder if it is just a HFT glitch or a sign the Fed is losing it's ability to continue successfully in it's role as master of all things 'dollar'. We shall have to wait for the finale but surely this insanity, this perversion of all markets can't continue too much longer....can it?

Fri, 04/04/2014 - 13:32 | 4625476 NOTaREALmerican
NOTaREALmerican's picture

Re:  can it?

Well,  ask yourself this question:   who's been right and who's been wrong for the last (oh, say) 60+ years?

Bzzzz, times up.

The answer is:    The smart-n-savvy people who can interpret the bullshit.    A survival-of-the-fittest society - like the US -has to create a system to test who is WORTHY of winning.    In the US, this testing is done with bullshit.   Those who interpret the bullshit incorrectly loose.   The bullshit comes in many forms:  slow-motion eagles,   CNBC,  Red and Blue Team, "da invisible hand of da free market" and other various bullshit sprewing devices which result in the dumbasses killing themselves or their DNA bling (sometimes literally killing themselves when it comes to worshiping slow-motion eagles).

Fri, 04/04/2014 - 15:11 | 4625919 Iam_Silverman
Iam_Silverman's picture

"Those who interpret the bullshit incorrectly loose. "

You seem pretty smart.  You typed a lot of stuff.

Lose.  Those who interpret bullshit incorrectly lose.

Fri, 04/04/2014 - 14:36 | 4625711 Comte d'herblay
Comte d'herblay's picture

The market can defy logic far longer than you can stay solvent.

Fri, 04/04/2014 - 13:13 | 4625398 Downtoolong
Downtoolong's picture

Let’s blame it on Michael Lewis.

No wait, let’s blame it on that little fucker Brad Katsuyama, that’s even better. We’ll say his exchange caused ours to crash.

I don’t care who we blame, as long as it’s not us. Just get a press release out before those GD air raid sirens go off again.

Fri, 04/04/2014 - 13:17 | 4625412 Drifter
Drifter's picture

Give 'em a break, Zerocare website goes down every day almost.

Fri, 04/04/2014 - 13:20 | 4625423 insanelysane
insanelysane's picture

Holder has decided to get in on the action and will look into if HFT is really insider trading and therefor limited to use by Govmint workers only.

Fri, 04/04/2014 - 13:26 | 4625446 unplugged
unplugged's picture

crash mofo crash!!  go to ZERO !

Fri, 04/04/2014 - 13:27 | 4625454 bnbdnb
bnbdnb's picture

Maybe the assholes are trying to cash out. DOJ, FBI, and everyone else is onto their schemes.


Fri, 04/04/2014 - 13:28 | 4625460 falak pema
falak pema's picture

artificial intelligence at its best! 

Fri, 04/04/2014 - 13:59 | 4625555 The Wisp
The Wisp's picture

Off Topic

   California, may suffer a Major Quake..
Good thing they Don't allow guns out there, that Might accidentally go off, while some Looter was ransacking your House..

Fri, 04/04/2014 - 14:21 | 4625611 Dre4dwolf
Dre4dwolf's picture

The dow is heading to sub 10,000 SOON   clearly.... we should hit 7000 by 2018~2019, the drop offs always happen faster than the run up, (more condensed time-lines).

So your opportunity to cash out will be over fairly fast.


Seriously, if you have not cashed out of the market, I don't know what is wrong with you.


If there was no corruption, central banks or financial fraud in the system the chart would of looked something like the green line IMO


This is not financial advice, but it's what I would do, do as you wish/think. ;P Time to sell off , look for cheaper stocks that wont dip much during the crash or sit in cash till its over, or gold or something.

Fri, 04/04/2014 - 14:33 | 4625689 Comte d'herblay
Comte d'herblay's picture

It sure isn't financial advice, it's more like stoopid patootie head thinking.

If anyone was as convinced as you are of the sub-10,0000 dow, then they would go out, rob a bank, borrow every cent they could, sell off their first born virgin girls, the puppy, and the house, liquidate their jewelry, beisobol cards, and grandma's silver, gold, and platinum, then open an account at the cheapest option house that offers triple bear market options like TZA, SKF and buy up every single one the above assets would allow, and then in 3-5 yrs be richer than George Soros.

N'est ce pas??

Fri, 04/04/2014 - 14:41 | 4625747 RaceToTheBottom
RaceToTheBottom's picture

Isn't Citadel in Chicago?

Fri, 04/04/2014 - 14:50 | 4625800 Remington IV
Remington IV's picture

scammers scamming each other

Fri, 04/04/2014 - 16:12 | 4626266 Smiley
Smiley's picture

I'm still waiting for one HFT algo to run into another HFT algo and spin up a couple trillion dollars in 1.5 seconds.  Sooner or later IT WILL HAPPEN; and the best comedy in all of television history shall commence.

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