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This Is What Happens When Someone Is Desperate To Sell $750 Million Of Stocks
At 1532ET today (Columbus Day - with half the market absent), someone - apparently having waited to see if the almost 'ubiquitous' 330pm Ramp would occur - decided it was time to dump three-quarters of a billion dollars notional of US equity market exposure in 1 second. The results of this forced liquidation (or utter disregard for fiduciary duty) were as follows...
A complete collapse of all liquidity in the S&P 500 e-mini futures contract - the world's most liquid equity exposure vehicle...
The liquidity evaporation began at 15:32:37 after 4,492 eMini contracts were dumped in 28 milliseconds $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) October 13, 2014
An instantaneous 9 point plunge in the S&P 500...
And total chaos in the S&P 500 ETF (SPY) which saw offers below bids for what is hours to liquidity-providing HFTs (who appeared to step away for coffee)...
This chart shows just 1 second of SPY trading (corresponding to the volume spike above)
As Nasdaq quotes fell dramatically behind reality...
Given that NYSE margin debt at record highs and investor net worth at record lows...
The vicious cycle feedback from any extended push lower on liquidations is more than a little concerning (and may well explain the aggressive VIX buying today - and massive inversion of the VIX term structure)
Charts: Bloomberg and Nanex and @noalpha_allbeta
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Smells like Putin.
Blowback is a bitch.
Venting ballast tank
either that or K.H. mouse clicked the wrong button on hiw screen and sold instead of buying.
Dead men tell no tales. Its only Monday... going to be a busy week.
Unless the NSA defense algo did not work today, I'd say it was NSA itself which did it, upon orders from central command
http://www.foreignpolicy.com/articles/2014/04/28/exclusive_meet_the_secr...
Just in case few zhedgers haven't seen this one:
Federal Reserve and NSA control the whole financial system.
Kind of difficult to have a mason jar cyber bunker detachment protecting the US CB when the PBOC has a direct digital line to the Fed now:
"The documents viewed by Reuters show the U.S. Treasury Department has given the People's Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011."
Although its like a Sams Club or something for central banks, because you get a direct line to buy, but when you sell you're on your own:
"China can now participate in auctions without placing bids through primary dealers. If it wants to sell, however, it still has to go through the market."
http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBR...
When even Israel's central bank is buying stocks, you know they are going to protect the stock value by way of TPP and other propping mechanisms that other countries do relatively openly.
http://www.bloomberg.com/news/2012-03-01/israel-to-begin-investing-reser...
And the talking heads and public still think it is REAL WEALTH...
Amazing isn't it?
This sh*t happens all the time to paper gold...
Not so often such a nice waterfall towards the end
waterfalls are so natural and peaceful
he who panics first panics best. somebody out there knows something. this wasnt a mistake.
read the posts that say, "it will all be normal tomorrow." LOL! Amen! This is what you say right after a prayer.
Good luck with those margin calls tomorrow. Pigs get fat and hogs get slaughtered. Maybe some of you stayed at the aprty a little too long. I hope you get what you deserve. There is no honor in winning a crooked game or profiting from a crime.
It's not called panicking, if you're first.
Listen.
It was Cramer fucking around again...
Quit telling people to listen asshat!
RIPS
Listen rips.
Isn't there a bag of cocks in your little USSA dorm fridge waiting for you to suck?
OH!
Listen up dumbfuck!
You're the moron at all the cock sucking parties telling everyone to listen that its your turn to dick gobble again...and again...and again....and again.
If you say/do something of value..you dont need to instruct people to listen.
The fact that you dont know that, makes you that guy....
Just because all your real world acquaintances stopped talking to you...doesnt mean you can come on here and tell everyone to listen.
Heres some free advice..try contributing something of value for once. Its better than bleating at people to listen to you.
RIPS
Don't make her cry.
I know...I know...it wasn't nice.
But being an annoying troll isn't nice either.
She will either learn or go the way of the dodo.
RIPS
RIPS...
Bangalore Equit... either needs to be digging his grave or a fallout shelter.
Those crazy Islamic Pakistanis have the nukes all aimed at India and...well...they have a preemptive strike policy and are preparing to use it...over the Kashmir...if you have not been keeping up with the other World News.
Yeah. Pakistan has a few hundred nukes...all aimed at India.
His nation has some other major problems right now.
Have a heart and demonstrate some empathy. He is lashing out at an inappropriate target...which is no different from many others whom post here.
Regards.
Tom,
Thanks for the comment. I agree that there are problems everywhere...thing is theres this .001% of people causing them and it has nothing to do with national borders.
People of the world are fighting the wrong enemy...its not the country its the parasites messing with the countries/people hiding behind the nations people.
The sooner the people of the world understand this, the sooner we can get to something productive. War and fear are getting really old.
RIPS
What is it with you 2? Get married already and flip a coin as to whom goes down first.
I'll never start a sentence with the word 'Listen' again.
+1 just for the hysterical comment.
Isn't there some sacred cow your tiny indian dick should be trying to fuck?
Thaz udderly rayciss.
Drowning rats. Squeak...squeak, squeak... Chewing their bankster rat buddies tails off, as they drown.
You can't print into Algo vacuums. This market is about to collapse. Remember, Asia/HK markets ping pong into futures sells ala SARS 2004 sell off. Ebola goes airborne, this will shut down trade routes and borders.
With a cold war/proxy wars sprinkled on top...
What? So you mean PCLN at 1040 USD is not a buying opportunity?
/SARC
I remember when this dude http://blogs.wsj.com/moneybeat/2014/01/02/bill-grosss-flagship-fund-suff... was all USD negative.
anyway 1800 on the S&P breaks could spark flash crash.
gold and USDs look juicy, oil looks terrible.
And everything is now going UP on my screens (5:00 PST) Except of course the usuals.
It's all Ebola, if everything descends into a deflation trade. The Fed will double down on the print job again. Say oil touches 80 and the DXY heads to 90+, but rates will still rise imo. Everything is looking really edgy, cept for gold that is oversold. In a broken, distorted market, i'd just sit back with popcorn and Bourbon. Just watch.
here they go...print!
0402 GMT [Dow Jones] Risk assets are very bid after the PBOC cut its 14-day repo rate at the Open-Market Operations from 3.5% to 3.4%
and
US yields also off large, Treasury 10s @2.56% 9/25, sub-2.25% in Asia today.
It's hemorrhagic algo fever & markets are bleeding out their assholes!
Watch out... it's airborne!
But what happened in the dark pools?
You mean besides brokers front-running their own clients for the brokers' own benefit?
Sell Mortimer sell...SELL....SELL.......ack, cough,cough..wheeeze--Grabs chest and falls to the floor.
LOL.
The PPT enters the scene in hazmat suits: "We are here now! We would like to buy!"
Happy talker Kudlow sez its all going to be ok..
and the band played on...
Whale that sells first sells best!
Fuck You Ben Yellen
if these algos would have been wearing the proper cdc mandated hazmat suits this would have never happened. i say we get barney poop pirate frank to change dodd frank and demand that anyone trading stawks needs to be hazmat outfitted and quarantined.
-snarky SARC
I read some Australian faggot is going to confront Putin on MH17. It's on.
The fly is going to confront the spider. Excellent, should be fun to watch.
Facts (opinions) for your consumption: Putin has the gayest face I have ever seen; Self-hating gays tend to have a lot of time to create large businesses and political careers; calling someone a faggot because they go against your beliefs/interests makes you a complete idiot.
Make up your mind, Sir.
Are you an expert on gay, gayer and gayest faces?
Or does yor real interest lie further down and to the rear, Mr Thricebunz?
Putin is not a faggot. Faggots have sex with men. Putin likes nine year old boys. A pederast yes, a faggot no.
Where did the excess 5 trillion in liquidity go that ZH is always talking about?
What are stocks?
Are they like silver rounds, but without the silver?
Yes exactly. You need a certain level of imagination.
Just imagine your stocks have a certain value. Ta Taaaaa! You are rich!
Wouldnt that make America an ImagiNationtm?
Stock up, chicken stock, don't stock me, my stocks are in a Ponzi scheme while it unravels, for instance.
I'm just here for the sarcasm, and with that said, ZH never disappoints.
:)
Bond Boys will come back with a sardonic smile tomorrow and POMO it up the next days. But again, if you weren't selling stuff in the last months, you're a bit behind.
bawnds!
stawks!
A coin for the ferryman to cross the river vix!
GARTMAAAAAANNNN!!!!
Scotty!
Chump666:You can't print into Algo vacuums. This market is about to collapse. Remember, Asia/HK markets ping pong into futures sells ala SARS 2004 sell off. Ebola goes airborne, this will shut down trade routes and borders.
With a cold war/proxy wars sprinkled on top...
Pure Balderdash. TPTB need to suck money out of those that are productive. They will keep all trade routes open until there are two humans left on this shriveled brown ball 14 thousand miles away selling pumpkin seeds to each other....
Remember, they live off of the skim.
They do not produce ANYTHING of value.
More disinformation.
"This market is about to collapse."
Don't worry.
The Fed is about to announce Viagra for collapsing markets.
Try it. You'll like it.
double post
According to Ghostery I got 86 marketing trackers for clicking on this link...I think that is a new record.
Does NSA use those or have they moved way beyond that?
Let's see how Asia reacts in about two hours. Should be interesting one way or another as I can't imagine that Asia opens with nothing more than a yawn. If liquidity is truly drying up (or for the most part, gone) as a result of excessive leverage (centered in too much margin debt), then the forced selling will spill over into Japan and China with not much real support available other than the CBs and their proxies (and god only knows how many proxies they possibly might have). Or maybe we'll see some miracle economic news or print that somehow saves the day, yet again.
At this stage, I have to figure everyone (i.e., TPTB/CBs) is in so deep that it may be time, just like in Texas Hold'em, to go all in especially if you are the short stack as its almost impossible to beat the whale at the table that has been accumulating chips over a period of time while the antes and blinds continue to rise. The whale I'm referring to is "DEBT", just too much of it that can never be repaid. Bit by bit, year after year, slowly but surely, the mountains of debt that were used to drive growth look to be finally reaching a breaking point. And why not, with interest rates now at basically zero, shit, if you can't repaid debt with free money then about all that is left is to give away cash to repay the debt. Japan has tried it and failed, the US is ending their experiment with really not much success, and the ECB wants to pursue this strategy (but those dam Germans are standing in the way).
So the only question that remains is really at the CB level. Will they finally go all in, unlease QE from hell, on a coordinated global basis in a desperate attempt to save the markets and economy or are they finally ready to admit defeat, let true market pricing return, proper capital risk pricing to take hold, and let the chips fall where they may. I've previously commented that I think the CBs will fight until the end, to prove that they are the masters of the world, the smartest people in the rooms, and that modern economy theory is correct. The concern isn't a 5 or 10% price correction in the market, hell that is probably what the CBs are looking to achieve. No the real concern is if any liquidty actually remains that can handle large position moves within natural and properly functioning capital markets. Today, a position move occured that was not well received. We'll see where this goes but the CBs worst nightmare appears to be having its opening act as when liquidity dies first, insolvency is certainly too follow.
delivered: At this stage, I have to figure everyone (i.e., TPTB/CBs) is in so deep that it may be time, just like in Texas Hold'em..............
Egggggsactly, everyone is at the card table and they smell something. So the question is who ripped ass?
eggs? eggs?! eggzTERMINATE EXTERMINATE EXTERMINATE (your markets)
Could this by any chance be a result of reduction in dollar holdings on behalf or Russia and China? If they were dumping dollars, that would probably explain fall in the USD price of oil. Also, the money eliminated would go straight to paying off loans and other debts located in the US, which, as we know, destroys money, thank to the magic of fractional reserve lending. So, we get cheaper oil, less liquidity in the US and... a market crash.
Sprinkle a little Ebola for potency and you get one hell of a shit storm.
Just a theory.
China dumping dollars makes the dollar go up? No, that's backwards. Less demand for dollars makes the dollar go down, oil up. Oil is down because of widespread poverty, fewer people travelling, less stuff made of plastic.
Janet Yellen needs to come out and say, "Just kidding," and put back the QE.
This kind of fast drop off can bring about some margin calls that force more selling. The value of "something" is not an issue to take lightly. Value is not a constant and can be derived from several factors such as how liquid a market is, supply and demand or utility value, things can spoil or become obsolete making where you invest very important.
Value is not as constant as many people think or always destined to rise. I have discovered that when you start buying things at ten cents on the dollar your money begins to go a long way. This is a lesson many people may soon learn, or maybe not. The article below delves into how values constantly shift.
http://brucewilds.blogspot.com/2012/11/what-is-something-worth.html
Controlled demolition...
More unwinding to come...
Just my $0.02...
Probably our embassy in Baghdad being demolished as we pull out.
The public out-cry against money printing is loud, and they are tyring to counter it with a loud deflationary signal.
They want the stock market to crash down to 9000 ~ so that they can blame it on deflation, this way they can get another year or two of money printing for them and their friends.
The bankers need an excuse to counterfeit more money...
It looks like they didn't need to do that "Bank Stress Test " today. we already know what we need to know, thank-you.
Hey, maybe this was the stress test.
Duplicate
perhaps someone with deep pocket saw evaporating liquidity into close and decided to short the market for some quick short term gain? what, with earnings report due and all, you need all the pennies you can dredge up.
double post ...
US overnight ramp already underway , ASZ up 50 Dow up 60 S&P up 7 DAX up 40 Nikkei up 50 HK up 100 and FTSEMIB up 100 USJPY>107 and Gold and Silver already red
Dre4wolf: They want the stock market to crash down to 9000....
4000-5000 would be a better measure of reality.
Better send an email to Qince Edward and get this rectified.
Bring shitgums...
Quince! Penny just dropped...the fruit that was depicted in renaisance painting of the 'apple' that Eve ate, and which prompted the expulsion from the Garden of Eden. No, it was not a 'golden apple' as that hybrid wasn't bred yet. Cut the QUINCE open laterally, and the 5 seed pods form a pentangle.
Somewhat OT, but these clips go DEEP into the occult, planets Saturn and Mars, rituals/numerology of the ancients, and the Saturnalian Tribes, Sects, and Secret Societies that are using the Hidden Gnowledge to 'control' this shit show, as they have for 100s of years. They are long but absolutely PACKED with interesting and very challenging info and conclusions. As always, think independent...take it or leave it:
AOD 2003 - David Flynn - Mars/Earth Connection: Cydonia, Genesis 3, Part 1
https://www.youtube.com/watch?v=ophC-_WZq8k
AOD 2003 - David Flynn - Mars/Earth Connection: Cydonia, Genesis 3, Part 2
https://www.youtube.com/watch?v=pDYjktwJC-g
Yahweh - God of the New World Order & The Synagogue of Saturn
http://www.youtube.com/watch?v=xDF_dAuZXnMS
Cult of Saturn - Jay Weidner - RedIce Radio
https://www.youtube.com/watch?v=zq3xRyBZ_5A
Red Ice Radio - Troy McLachlan - Hour 1 & 2 - The Saturn Death Cult: The Polar Configuration
https://www.youtube.com/watch?v=62XVxuQGRtY
Peace
Can someone say retaliation by China???
One of these days the current market is going to lock-up for good.
We’ll all live on EBT during the lock-up period. It’ll take 3 to 5 years for the new economy to get sorted out.
Apparently those benevolant providers of liquidity, the HFT auntie men, got tired of being picked on, hiked up their skirts and went home.
Or, they may have decided to sell independent of any tricks.
Angry Indians getting back at relatives of Columbus!
Practice.
An American, not US subject.
US overnight ramp , ASZ up 75 Dow up 85 S&P up 10 DAX up 50 Nikkei up 100 HK up 100 and FTSEMIB up 100 USJPY>107 up 40 and Gold and Silver red
Tomorrow we will hear the "fat finger" story and everything is fine, move along nothing to see here... wanna bet?
Anybody know the velocity of money (US currency) these days or is this data no longer relevant?
This was a false flag. You been warned.
Just like right before 9-1-1
Getting all the pockets-of-no-liquidity
all in a row.
The massive dump caused the market to fall 9 points, but almost immediately it was bid back up on no volume. The algos are programmed to keep the market at a certain level and they will drag it to that number no matter what.
The market really is whack a mole.As long as one head can keep popping up, the others will follow. Unless you can whack them all down and hold them down, one of these fuckers is going to pop back in your face. Because that is what it is programmed to do.
If you were selling wouldn't you want to make sure the market fell?
So leave the building and drop a match just as you walk out the door. Nice.
Is it the chicken or the egg?
I admit that I don't readily understand the charts, some less than others, but that is why I like ZH. I still like to learn.
me too bro
Amercia fuck yeah. You yanks are fucked and after visiting your happy shithole you deserve like a shit pie your new world order. From a 38 yr white male.
Not our fault you booked the Detroit tour.... You get what you pay for bitch.
It's always nice to see one of our colonials checking in from our island trading post over there.
We understand that manners are a bit of a bother to you young gentlemen, which is why we don't permit you to own firearms.
Do carry on regardless.
I have a gun licence and 500yr family history from Kent. i JUST LOVE WINDING UP YANKS OF THE FREE WORLD.
Gartman?
It's date night for Gartman - he's making out with Krugman.
Fuckin Wall Street and the wankin fuckin bankers/hedge fund cunts and elite swine.....may they all burn at the stake.
What i find funny is that all you yanks still think your in with a chance. PRICELESS.
And ya'll thought Glazyev was stupid. Bad mistake.
The Lord giveth (March 2009)
And the Lord taketh away (now)
The Lord will giveth again.
In the mean time, some of you will have to get real jobs.
If as OhNo says were fucked I have to wonder what he thinks of his future prospects will be like after the USSA crumbles? Convict better get Rosetta Stone for Mandarin?
I agree my prospects are no better in the so called lucky country-the land of OZ.
You have a gay black musi for a presidante.Things will be just fine.
Wait a minute. WAIT a MINUTE. WAIT JUST A FUCKING MINUTE!!! Are you implying that the stock market is rigged and that someone os playing us like pawns?!?!?!? Someone BESIDES the FED?!?!?
Never mind- its all good. I just got confirmation on the Bernankphone that it was just Bernankman, trying to free up some cash so that he could refinance his crib. Carry on.
Staring deeply into that first chart I swear I heard "Incense and Peppermints" playing.
Call me when the 10k hats are fashionable again this is nothing.
I'm already in so deep (bear trap) that I'll probably have to wait years to close my positions (Hopefully they won't get closed through default...pun intended). Although, I'm in commodities (energy mostly), I failed to grasp just how much a gov't could put a thumb, no jump with both boots on the scales of legal commerical activities.
Blame Putin etc., but the fact is the markets are nothing more than one large casino that people are stupid enough to "invest in" or play. Everyone wants the easy money they don't have to work for and in this day and age QE money is as good as it gets in the markets. It's easy money until the markets have periodic meltdowns... if you're going to play in this casino go ahead but realize the game is rigged... always has been always will be and you are simply a pawn on the chessboard on which they control.
Markets fluctuate; it's a marathon not a sprint. And, it's all about balance.
Sent from my iPad
(Sent from a friend of mine just minutes ago when I alerted her to "sell")
Double down! Double down! Put it all on Black 31!11!!eleventy!!
--------Please ignore, accidentally double-posted---------
The debt-based economy has to go. We need a new one based on sovereign money creation by an independent agency of the Treasury, credited to the federal government's Federal Reserve account and spent into existence. Also, a wealth tax of 1% should be instituted on all kinds of wealth excluding productive fixed capital, in order to motivate productive investment and economic growth. Dividends and buybacks ought to be capped at 50% of a company's average profits for the past five years in order to stop stock market engineering and to ensure that more of the produce of society goes into wages and investment, rather than into unproductively padding the pockets of the rich.
We need free energy.SIMPLE
You have it. Fusion power:
http://upload.wikimedia.org/wikipedia/commons/thumb/b/b4/The_Sun_by_the_...
harnessing and storing it however is not free...
Regarding capital gain taxes .....
Why not use an sliding tax scale, where so the longer you hold it the lower the tax?
Something like this:
Inter day trades: 75% tax
Held for
1 day. - 60% tax
1 week- 50% tax
1 mo. - 40% tax
1 yr. - 30% tax
5 yr. - 20% tax
10 yr. - 10% tax
Over 15 - 5% tax
Do any nations have something like this yet?
Every Communist and Socialist country has "somthing like" that.
The "socialism" and "communism" practiced in those countries was a failed state-centric model. A better model would be that of Yugoslavia. While not a democracy (nor is the United States, as the one-party two-party system shows), it had a large amount of freedom of expression unparalleled in the socialist world. The core strength of the country lay in its worker-owned and -operated enterprises, which constituted nearly all economic activity in the country outside of the largest industries, which for a country of Yugoslavia's size would be so large an undertaking that only the government could do it. As a percentage of GDP, the state was about 40% of GDP, about the same as many countries in Europe (and including 10-20% GDP military spending to defend against Soviet/American incursions). The country fell to pieces when it was faced with trade barriers by the large markets of the US and Soviet Union, angered that a neutral country could be so successful.
Not good enough. A lawful standard of materials & measures needs to establish what is good money, without a limitation as to how that can expand as markets need, and every person should be lawfully permitted to produce what is good money at any time.
When it's gold that's getting sold en masse, it means to the Zero Hedge crowd that a Rothschild-caliber conspiracy is afoot.
Except in the case of equities, I thought the conspiracy was to keep them elevated. What gives?
Not everyone here is a gold bug or a libertarian. Everyone here, however, understands that our economy is built on an asset-price bubble that is in the long run not sustainable, and which has contributed to massive wealth and income inequality in the US and worldwide. Although private banks are the main creators of fake asset-backed currency in the economy, the Federal Reserve is the ultimate guarantor of the system and has helped to keep it on life support for the past few years.
Also, there doesn't have to be a "Rothschild-level conspiracy" for the prices of stocks to go up. Large investment banks, which handle most trades and have access to nearly unlimited financial resources, simply pump money into equities, commodities, and other financial vehicles in order to blow them to ridiculously high values so that they can collect more fees and make profits in trading. If they lack the resources to do this themselves, they will simply tap the debt markets and use money lent to them (and created in the process) at near-zero interest to drive up prices. What we need to do to stop this is forbid the purchase of any sort of financial instrument on margin, and in the long run establish sovereign money creation so banks cannot create money.
Are you sure you aren't a libertarian nor a gold bug? With your attitude you will probably convert one day. I wish all Hedgers would convert to individual freedom and kiss off the societal bs.
Edit: I retract the above after reading your central planning mentality below.
Why should the value of a currency be contingent on the product of a few mines in South Africa? Also I don't believe in central planning; I think the size of the state should in fact be reduced significantly. I am a socialist who believes in workers' self-management, not in government ownership (except for key industries like utilities, defense, consumer loans, and [perhaps] natural resources).
Markets are up HUGE tonight in the overseas markets...you cannot - repeat - cannot fight the guys with an unlimited margin facility like the NY Fed. Covered all shorts today and looking to go long tomorrow (if I get a chance)...
100%. The NY Fed is the swap machine from hell. Selling USDs to keep Asia and the futures bid. Looks panicky. A substantial flash crash will devastate pension and leveraged EFT/bond funds. Correlation trade is oil and airline companies = the Ebola trade. A lot of volatility coming up
Fiduciary duty? Oh, that's a scream. Corzine proved untouchables don't owe a shred of such fiduciary duty. Christie was essentially Madoff's PR man before being (anally) birthed into politics.
I can see the forest through the trees on this one.
Can you?
The machines are winding this mf up.
What have i told you since the first day you stepped into my office?
There are three ways to make a living in this business.
Be first, be smarter, or cheat.
Now i don't cheat.
And although I like to think we got some pretty smart people in this building.
It sure is a hell of a lot easier to just be first.
Margin Call
Not a half bad film. Other than masking what MBS was and what that all really meant. Where it came from and the reasons for CDS along with MBS, derivatives and such. to leave out the creation of debt instruments to take risky assets of a specific nature mandated by government with the hard hammer of the justice dept to come crashing down on you if you didn't make the loan is to ignore the severity of the situation and what lehman represented and a major money market and commercial paper holder that was levered up to 40% in some cases.
To make a movie just about Lehman and only them is political in nature to say the least. Why do you think Wall Street 2 came out just before the 2010 election. Just like the Bush movie in 2008. Just like Fahrenheit 9/11 or name any other POS movie that comes out of facist leftist Hollywood.
Btw i saw Ironman 3 the other day and i laughed and almost threw up. The mandarin being a hoax reminded me so much of ISIS. Like they say you just can't make this shit up...literally.
UFR
It could have been the responsible thing for a fiduciary to do. We will see as we move forward from here.
Thankyou Eric & anyone else at Nanex involved in the data analysis. Every time I see this shit broken down I feel validated for abandoning these markets. Aaaand, it's gone. Fuck 'em.
One version of the story is worth quoting: "The red people from Manhattan Island crossed to the mainland, where a treaty was made with the Dutch, and the place was therefore called the Pipe of Peace, in their language, Hoboken. But soon after that, the Dutch governor, Kieft, sent his men out there one night and massacred the entire population. Few of them escaped, but they spread the story of what had been done, and this did much to antagonize all the remaining tribes against all the white settlers. Shortly after, Nieuw Amsterdam erected a double palisade for defense against its now enraged red neighbors, and this remained for some time the northern limit of the Dutch city. The space between the former walls is now called Wall Street, and its spirit is still that of a bulwark against the people." [10] http://en.wikipedia.org/wiki/Wall_Street
One version of the story is worth quoting: "The red people from Manhattan Island crossed to the mainland, where a treaty was made with the Dutch, and the place was therefore called the Pipe of Peace, in their language, Hoboken. But soon after that, the Dutch governor, Kieft, sent his men out there one night and massacred the entire population. Few of them escaped, but they spread the story of what had been done, and this did much to antagonize all the remaining tribes against all the white settlers. Shortly after, Nieuw Amsterdam erected a double palisade for defense against its now enraged red neighbors, and this remained for some time the northern limit of the Dutch city. The space between the former walls is now called Wall Street, and its spirit is still that of a bulwark against the people." [10] http://en.wikipedia.org/wiki/Wall_Street
Those red skins shouldn't have ripped off the dutch for a swampy pos island. They were the first Jooos of N. America.
Soros?
Setting up an october SUPRISE?
SOROS did it!!
Only 500? I would be out dancing the jig... -5000 Bitches!
You know these people are fucking nuts when they start to buy VIX to hedge against market performance. Do they even know what it is? It's like calling a life insurance broker while driving off a cliff and nominating yourself as the sole beneficiary instead of jumping out.
Seems like an ideal buying opportunity
... ... ...
Crap! Did I hit "sell" accidently again? Fucking fat fingers..... Oh well another 750 gone........ easy come easy go....
Apparently some of you think that the American economy is like a game of gin rummy.
When you lose a game because of terrible cards, all you have to do is throw your cards down, shuffle the pack and deal another hand.
Double Digit Trillion dollar economies don't work that way.
On the larger scale where countries & even empires belong to particular tribes... yes, that's precisely how it works.