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Market Breaks: BATS, NASDAQ Declare Self-Help Against Chicago
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.
- NASDAQ-BX DECLARES SELF-HELP AGAINST CHICAGO STOCK EXCH
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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It must be snowing somewhere.
From now on BATS will only accept front-runnable orders!!!
Just remember this when that thought enters your brain about how you will be able to get out before it crashes.
pods
HFT's + ETF's = WTF!
LOL!
multiple personality disorder
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.
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.
I live in Illinois. Can I declare self help against Chicago???
"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...
Wow, that's something. This O'Brien chap smells like an implanted stooge, even before I read your comment.
chewbacca defense
ostrich defense
Is "self-help" anything like self-love?
"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.
Frontrunning - It's not just for breakfast, anymore...
HFT plus ETF = THEFFT
A "thought"? A "brian"?
What's that about??
A heart? A home? A brain?
The nerve.
....a stone, a leaf, an unfound door - Thomas Wolfe ca. 1935
... a face seen once ...
A "Brian"? He's not the messiah, he's a very naughty boy.
I obviously proved my own lack of a brian there.
Now what was the question?
I need a better computer.
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.
ori
"crashing" has been outlawed....they just turn off the machines now
:::::: : : ::: :: :::
But turning off the machines is exactly what will crash the market cause there will be zero bids.
we'll just call it "going askless"
:::: : : :: ::: ::::
Or it's just nobody's bidness!
"Turn those machines back on!" -- Mortimer Duke
good one!
"Fuck him!" -- Mortimer Duke
that was actually playing in my head when I typed that comment.....how funny/sick/old are all of us!
:::: : ::: :: ::::
turn off the machines and reverse the adverse trades of the previous 3 minutes...
Mulligan!
"but i was trained not to think! just buy the crash!"
A new isle in Barnes & Nobles?
Self-Help for Algorithims
Front running for Dummies!
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.
"Back Dooring" is absolutely perfect on multiple levels!!!
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.
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.
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.
https://www.youtube.com/watch?v=4eYSpIz2FjU
pmsl. haven't seen that one!
Oh dear god, all that's missing is algo names on their shirts. I'm in tears.
There is. Computerized scalping.
Brad mentioned it in the CNBC thing.
Pure fucking comedy!
Patiently waiting for the Blue Screen of Death™...
Only to be followed by pillage, rape and fire.
Couldn't happen to a nicer, more trustworthy CEO i feel bad...
Must be hell, or room 101, for Mr. O'Brien.
HFT poster boy,
http://www.bloomberg.com/image/irWrVyjRzRJk.jpg
I really did NOT need to see that fucking smirk.
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
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?
:::: : ::: : :::
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....
"you can't handle the truth!"
::: : : ::: ::::
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
??
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.'
Self help? JUMP YOU FUCKERS!
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!!
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.
"It's Not A Lie If You Believe It"
Costanza
if you don't jump then you'll get nailed
There is going to be a lot of need for "self-help" in the near future...
meh...
Can you say Cluster Fuck? Just asking.
Bullish
anyone else getting that flashy crashy twitchy feeling...?
Whenever stocks go down and take a nose dive - it's a good day for liberty in America.
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...
the new generation of penis pumps work very well, so i'm told
RED FRIDAY!!!!!!!!!!!!!!!!!!!!!!!!!!!
WHAT ABOUT IEX???
It's an automagically delicious ecn?
and the US markets r the cleanest shit stained drawers in all the global markets.....
fuck off......RIGGED
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.....
u meant dollars right?
not to be confused with real money.
Good point.....
My bad
Who with a 6 figure paycheque, benefits and pension is going to investigate, prosecute or convict anything related to HFT?
Calm down. Just the Fed trying to slow things down to prevent a fake market from correcting.
The solution is simple, no more selling will be allowed. Bats is one screwed up exchange.
I picked a helluva day to run out of popcorn.
You're my wife, now!
Shelter In Place
Reminded me of the great scene from the movie Take Shelter, "You think I'm crazy? Well, listen up, there's a storm coming like nothing you've ever seen, and not a one of you is prepared for it."
Let all the trades stand.....as mentioned here just yesterday.....that will get things fixed quickly.
Well, come on, did anybody QA the code to handle a down market?
And, why would they QA it, it's never gonna happen.
I,m surprised the whole thing works on a good day.
im telling u...
watch the Silver chart for the rest of the day...they gonna push on it to cool the paper metal markets...
http://www.kitco.com/charts/livegold.html
http://www.silverseek.com/
Another wheel flies off the hoopdie at high speed....no worries....FED will hang over there and replace it with an even faster wheel with a spinner hub!
How you doing SD1?
Cheers and Aloha bro...
let's see if they just pull the plug on their HFT computers to stem the bloodletting
or will that make it worse?
BATS: We have determined that we are our own grandpa
http://www.youtube.com/watch?v=eYlJH81dSiw
'Let me make one thing clear: If you don't like your trading losses, you don't have to keep your trading losses.'
I think of all the crap one liners Obama gets remembered for, when mine go unread:
SHYREMAN
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.
http://www.kingoftherepublic.com/my-background/king-of-the-republic/King%20of%20the%20Republic_v1_1.pdf?attredirects=0&d=1
you didn't trade that
That's quite an assertion there Tyler. I don't doubt it either.
BATS- "Our computers can't figure out what to do and what can't stop them".
Chicago- " Go Fuck Yourself"
How do "algos" short in microseconds ahead of each other and make sure they don't break the "naked short" legal ban?
The Good Old Days: When BATS were just in the belfry.
Either way, you still get covered in guano when the bell rings.
Weekends at Golden Goose. They killed the golden goose, but they keep the corpse propped up and waving that all is fine.
the HFT will continue until morale improves
the rigging will continue until morale improves
"Broke Back Market"
"Where the retail investor takes it in the..."
Portfolio?
more like BATShit crazy!!!
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?
http://images.wikia.com/terminator/images/archive/4/49/20100204104618!Terminator.jpg
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.
With the dep of Justus investigating hft sucks tht last microcosm of confidence is history!
BATShit insane.
All the HFT clowns are turning off their machines, pulling the hard drives, and DOD wiping them.
Yes I'm already drunk and slurring!
So when the Market goes down they just pull the plug on the computer.
So much for Market liquidity.
if the squid loses money there will be busted trades
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.
This is probably the signal to cover. It seems that every time the market "breaks" we go up the rest of the day
I love the smell of a 100-point nasdaq drop in the morning
Excellent article. The potential for flash crashes alone is sufficient justification to outlaw HFT.
Excellent article. The potential for flash crashes alone is sufficient justification to outlaw HFT.
"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"
I was promised an UP market damn it! Just do it!!
My son literally got sick trading today here is a video of him
Bankers are going Nicholas Biddle this market if you take away their HFT scam.
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?
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).
"Those who interpret the bullshit incorrectly loose. "
You seem pretty smart. You typed a lot of stuff.
Lose. Those who interpret bullshit incorrectly lose.
The market can defy logic far longer than you can stay solvent.
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.
Give 'em a break, Zerocare website goes down every day almost.
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.
crash mofo crash!! go to ZERO !
Maybe the assholes are trying to cash out. DOJ, FBI, and everyone else is onto their schemes.
artificial intelligence at its best!
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..
The dow is heading to sub 10,000 SOON http://s27.postimg.org/nf1pio601/Untitled.png 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 http://postimg.org/image/wb9f5fr07/
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.
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??
Isn't Citadel in Chicago?
scammers scamming each other
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.