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Dozens Of Flash-Crashes - Including AAPL - As BATS Breaks

Tyler Durden's picture




 

It was just Friday when a pithy Bob Pisani noted that investor confidence in markets is up because there have been no market malfunctions recently... he spoke too soon. As Nanex's Eric Hunsader reports, an apparent malfunction at BATS-Y has caused dozens of flash crashes... including in AAPL.

 

 

 

 

And this happened...

 

Efficiant markets...

 

And close up via Nanex,

 

 

 

Perhaps its time to check in again with Citadel...

 

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Mon, 08/18/2014 - 12:00 | 5109060 shitco.in
Mon, 08/18/2014 - 12:09 | 5109119 Citxmech
Citxmech's picture

How could you get downvotes for a factual statement with a referance?  

Gh0atrider, is that you?

Mon, 08/18/2014 - 12:17 | 5109154 Headbanger
Headbanger's picture

Open the bay doors Hal...

Mon, 08/18/2014 - 12:19 | 5109163 FinalEvent
FinalEvent's picture

Thank god, I was not finished with accumulating cheap coins yet!

(donation to my avatar is appreciated ;-)

Mon, 08/18/2014 - 12:28 | 5109214 ThirdWorldDude
ThirdWorldDude's picture

Good luck with that!

____________________

Deflation, bitchez!

Mon, 08/18/2014 - 13:13 | 5109414 shitco.in
shitco.in's picture

No idea regarding the downvotes.  Not Gh0atstar, he is annoying and doesn't help educate. 

Mon, 08/18/2014 - 13:27 | 5109494 seek
seek's picture

There's been a significant increase in trolls in the past few weeks, and it appears it's mostly the paid sockpuppet kind. I wouldn't read anything else into it.

Mon, 08/18/2014 - 13:36 | 5109544 Otto Zitte
Otto Zitte's picture

Probably escalates as the election draws nigh.

Mon, 08/18/2014 - 14:10 | 5109735 seek
seek's picture

No doubt a part of it, but there seems to be several different groups that are active. There is an influx whenever certain middle-east countries are in the news, and there are others that appear whenever bitcoin is discussed, and then there's yet others that show up whenever encryption or information security advice is made.

For whatever reason the latest batch has been especially numerous and reactive. I'm pondering if it's connected with some of the exits of long time higher-profile ZHers.

Mon, 08/18/2014 - 13:52 | 5109621 NotApplicable
NotApplicable's picture

Gh0atstar phonerider!

Mon, 08/18/2014 - 13:31 | 5109518 Haole
Haole's picture

Bitcoin is dead again, time to buy.

Mon, 08/18/2014 - 12:01 | 5109062 holgerdanske
holgerdanske's picture

Why have we never got any flash clashes in gold, going up??

 

There is something really unhealthy going on here.

Mon, 08/18/2014 - 12:06 | 5109094 kliguy38
kliguy38's picture

my stack just flash crashed on the floor........there....picked it up and put it back in the safe......fixed it

Mon, 08/18/2014 - 12:12 | 5109136 SHEEPFUKKER
SHEEPFUKKER's picture

You really need to be more careful with the precious. At least your stack didn't fall into the bottom of a lake like mine did. 

Mon, 08/18/2014 - 12:25 | 5109187 holgerdanske
holgerdanske's picture

You should be careful what you do. !!

 

https://www.youtube.com/watch?v=8-QNAwUdHUQ

Mon, 08/18/2014 - 12:20 | 5109171 Winston Churchill
Winston Churchill's picture

Invest in a shovel, or scuba gear.

Your safe is a delaying tactic only , or as somewhere to keep your sammiches.

Mon, 08/18/2014 - 12:01 | 5109065 ZippyBananaPants
ZippyBananaPants's picture

11:51, just noticed that.  

 

nothing to worry about, just keep buying and all will be ok!

Mon, 08/18/2014 - 12:05 | 5109097 StackShinyStuff
StackShinyStuff's picture

They heard you, buying continues

Mon, 08/18/2014 - 13:05 | 5109376 Quus Ant
Quus Ant's picture

This shows the market is still a human process- skynet isn't all powerful yet.

Which means a palm may still be greased and a fat finger induced to take a coffee break at an inopportune time.

Mon, 08/18/2014 - 12:03 | 5109077 Sudden Debt
Sudden Debt's picture

Yeah... Real market pricing for a few seconds... Can't really have that he?

Mon, 08/18/2014 - 12:13 | 5109142 Rakshas
Rakshas's picture

.... must really be running out of distractions..... all this geopolitical crisis has been for naught if they can't keep the bots in check

Mon, 08/18/2014 - 12:04 | 5109090 SHEEPFUKKER
SHEEPFUKKER's picture

Don't worry, the crashes only happened in symbols A-M and N-Z. 

Mon, 08/18/2014 - 12:07 | 5109107 Al Huxley
Al Huxley's picture

Yeah, I noticed that as well.  At first I was worried, but once I saw it was only happening in a limited range of symbols I relaxed.  Seems things are well under control.

Mon, 08/18/2014 - 12:21 | 5109173 disabledvet
disabledvet's picture

Still waiting for symbol USD...

Mon, 08/18/2014 - 12:05 | 5109095 J Pancreas
J Pancreas's picture

Someone on here awhile ago gamed a scenario where the market was closed in a few nano seconds for a day due to a blistering unload that triggered the circuit beakers. Same thing on day two. Basically a full unload with no buyer and no human seller. Anyone remember who said it or can reference a link. It was some ZHer on a thread like this one.

Mon, 08/18/2014 - 12:07 | 5109099 Dr. Engali
Dr. Engali's picture

Maybe they should try to go public again.

Mon, 08/18/2014 - 12:07 | 5109108 djsmps
djsmps's picture

Is that why the S&P is up 17?

 

Mon, 08/18/2014 - 12:21 | 5109179 disabledvet
disabledvet's picture

Yeah, no shit. "The whole thing is a computer game now."

Mon, 08/18/2014 - 12:07 | 5109110 digi
digi's picture

Wow, a whole dollar, some flash crash you got there.

Mon, 08/18/2014 - 12:09 | 5109115 Tasty Sandwich
Tasty Sandwich's picture

Anyone know what happened to CrashisOptimistic?

No posts since last week of July and now profile is access denied?

Mon, 08/18/2014 - 13:40 | 5109520 seek
seek's picture

I'm positive he'd posted since then. Very odd.

Mon, 08/18/2014 - 12:20 | 5109117 Bill of Rights
Bill of Rights's picture

When one really thinks real hard ( I Know it's hard ) the 2008 so called Financial crisis was just a distraction so TPTB could implement the take over of the markets. All while you were looking the other way. The fakery reveals itself more and more everyday.

Government as well as the Bankers alike are nothing more than Magicians with the slight of hand movements.

But they are getting sloppy.

Mon, 08/18/2014 - 12:10 | 5109124 TheLooza
TheLooza's picture

TSLA also affected...

Mon, 08/18/2014 - 12:12 | 5109138 agstacks
agstacks's picture

"This market crash was brought to you by the symbols A-Z."

Mon, 08/18/2014 - 12:14 | 5109147 Dungholio
Dungholio's picture

And the word "shit".

Mon, 08/18/2014 - 12:14 | 5109143 CHX
CHX's picture

Those charts could all be 1 min. silver... HAHAHA

Mon, 08/18/2014 - 12:17 | 5109153 SpanishGoop
SpanishGoop's picture

Is it a flash... is it a crash... no it is "super seller !"

Faster than a bullit, stronger than a train and jumps over buildings (or jumps of one).

 

 

Mon, 08/18/2014 - 12:19 | 5109160 eclipse001
eclipse001's picture

Taking anything Bob Pis-On-Me says as "informed commentary" is evidence in belief of Santa.

Mon, 08/18/2014 - 13:23 | 5109177 ekm1
ekm1's picture

Is everybody convinced now that financial markets are suspended?

At this point there is no difference between bond, stock trading network and Sony PlayStation network

 

They are both video games

Mon, 08/18/2014 - 12:27 | 5109205 CPL
CPL's picture

Someone go pull the plug on that building and their DR site in Jersey.

Mon, 08/18/2014 - 12:28 | 5109212 Seize Mars
Seize Mars's picture

Hey remember the BATS flash-crash...of BATS?
Ha ha ha ha ha HAHA HAAAAA!!!!
Good times.

Mon, 08/18/2014 - 12:33 | 5109234 edifice
edifice's picture

AAPL was a good trade this past year, especially with the split and dividend. Just got out at $99.07, Up 30% in 10 mos. I'll buy that for a dollar!

Mon, 08/18/2014 - 12:36 | 5109242 tradertim
tradertim's picture

I thought the markets were broken when the flash crashes didn't happen. No?

Mon, 08/18/2014 - 12:39 | 5109247 joego1
joego1's picture

One day the flash crash will turn into the "last crash"

Mon, 08/18/2014 - 12:45 | 5109271 tradertim
tradertim's picture

I'm seeing a movie here.

"The *Flash Crash* - that became the *Last Crash*. Starring Michael Douglas, Martin Sheen, and Charlie Sheen"

Mon, 08/18/2014 - 12:46 | 5109281 edifice
edifice's picture

All will be dead by the time this happens... Well, maybe not Charlie.

Mon, 08/18/2014 - 12:50 | 5109297 jubber
jubber's picture

ll US Indexes at HOD, nothing to see here

Mon, 08/18/2014 - 13:03 | 5109365 vyeung
vyeung's picture

last person out, pls switch off the lights!!

Mon, 08/18/2014 - 13:20 | 5109458 Otto Zitte
Otto Zitte's picture

The most outstanding accomplishment of IT has been the tremendous advances it has contributed to organized crime. The TV just fucked with your head. The computer spies on you & steals your money, even the money you haven't made yet.

"What crimes do you want to do today?"

Mon, 08/18/2014 - 14:15 | 5109773 ajax
ajax's picture

 

 

"Science is mankind's brother"

Mon, 08/18/2014 - 14:38 | 5109918 IronForge
IronForge's picture

AAPL's Revenues don't validate it's current Px, right?  Do the Crash levels reflect a amore reasonable P/E Ratio? After a few Model Line Lifecycles, "getting the new iGizmo" will start to get old.

Mon, 08/18/2014 - 15:43 | 5110311 BeetleBailey
BeetleBailey's picture

You play with the bull, you get the horns.....

fat-fingery speaking

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