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Market Breaks As Stocks Explode Higher On Algo-Triggering Headline
CBOE: AS OF 13:07ET OPRA NOT DISSEMINATION QUOTES,LAST SALES
This was right as the Nikkei headlines hit and e-mini volume exploded.
And here is the NYSE confirming that stocks are now soaring higher on "critical Issue", aka broken market:
Confused what this means: simply said, virtually all quotes, and certainly options, are stale and unreliable, even as dark pools, internalizers and other ATS are filing orders based on 1 hour old data.
In short: a total mess.
Visualizing some of the berserk trades during the outage courtesy of Nanex:
What a total farce!
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Fuckers (central bankers) front-ran themselves a bit too much again. I am sure that the SEC will get right on it...
I blame Tim Cook. /s
This whole economy.. the rigged markets.. all government data..
Charlie Foxtrot.
Been watching the fight to keep gold over $1200?!?!
With ever-decreasing exchange volumes the last 5 years you can't seriously expect them to keep those computer systems revved up for a max-volume spike. They keep inching it down in terms of capacity to keep costs down. Then something happens and.... oops. It falls over.
I smell a flash crash coming....
I love the smell of fried algos in the morning...smells like...Victory!
and they're great with bacon and hashbrowns.
ALGOS GONE WILD! WE could see new highs on the indexes today! Just wipe me out and put me out of my misery.....please!
So in the new "normal" which is it again?
Circuit breaking markets...
Market breaking circuits...
Breaking market circuits...
Circuit market breakers...
Market circuit breakers...
Breaking circuit markets...
Fraud...
looks like any "normal"
Freaking markit circus ...
aka ...
fraud of the oldest sorts
Some fool tried to SELL stawks.
Doesn't understand the new normal.
Please 20-something "traderz", learn me more about the monetary system and why this is so good.
I'm all ears.
They've mastered their joysticks, all they know is 'mash X up arrow up arrow' till market close.
The Konami Code breaks Bats. True story~~.
Looks like reality just clicked in (dip in the SPX)
"The Market" Bwahahahaha
"So Bullish It Hurts"
Fuck them all with the wrong end of a pineapple.
LOL
you mean there is a right end of a pineapple to get fucked with?
added to questions list for next Apple Product Launch
yes, if you're an elephant.
Oprah was inseminated? hit the offer!!!
AGGGGHHHHH
DON'T GO THERE!!
Where you think baby okra comes from?
*orca
You mean Okra, like chicken fried Okra?
LOL, Just saw this. Old news from Abe and markets broke. Algo's must be glitching like a mofo.
Seriously, what the fuck? This is an absolute joke.
If you are still surprised and can't understand that it is all rigged and there is no "market", you sir are the absolute joke!
They must have read the memo wrong.....it was to only manipulate the metals today.....frickin noob, cant even get that right!
I see no call for that.
He had no option
Does anyone else find it amusing that a market and economy based only on borrowed money is led by a rally with Visa, king of credit cards up 10%, and manipulated headlines out of Japan?
Every. Fucking. Day.
oh shit i better dump a zillion gold contracts STAT
LOL, So sad but true.
Central command and NSA testing the pre-planned collapse.
EKM, you know what? I am starting to think you may be on to something.
I guess its about time for ebola news.
EKM, please explain how goosing the market with fake bids leads you to believe that this is the NSA preparing for a collapse.
Because it is illegal to bomb the system with fake bids.
Which means that government is allowing fake bids.
Nobody will do something illegal in such an open way unless the gov allows it under the umbrella of 'national security'
Oh yeah fake quotes are rampant today...yes everything seems so deliberate.
btw, I guess I should just avoid the system at all cost...longs or shorts...just dont put more money into the system..aka dont feed it.
One day the entire system will implode into a vacuum.
Luckily fonz isnt here...he would be going ballistic right now.
The government has always turned a blind eye fake bids. This is nothing new.
Yeah but the government (SEC) NEVER turns a blind eye to fake boobs.
Did someone say "boobs?"
goverment is promoting fake bids
If it were Goldman on the other side of these trades their would be an investigation and all billion orders would be forced to be undone.
I don't follow the logic.
http://www.foreignpolicy.com/articles/2014/04/28/exclusive_meet_the_secr...
Stock market is national security
Central command controls all signals in and out
Yes, understood. And fake bids have been going on for 20 years, I understand.
Now tie it all together. WHY DOES GOOSING THE MARKET LEAD TO YOUR CONTENTION THAT IT IS IN PREPARATION FOR COLLAPSE at this time? And why not in 2008? Or 2001?
Because that is what the Saudis and Pentagon want.
Extinguishing of few trillions of USD
Huh?
US Monetary policy is 100% part of foreign policy
and isnt Israel 100% of that 'foreign' policy???
Saudis rule, not Israel.
Common' US Agencies will sleep with everybody and always try to.
Reagan understood the importance of Middle East Oil and he protected the Saudi's and Oil Trade with the US Navy. He didn't have to invade whole countries to maintain the balance.
Israel is very active in our US Politics across the board. This is a foreign government that killed US Kids in the Liberty. And still both Republicans & Democrats are giving them hand jobs.
Israel buys our officials and also controls much of our policy through Neocons, neoliberals, and European Banking Agents.
Saudi Arabia appears to have been much more useful in keep our American Military Republic. Hell even Sadam Huessain was more useful than Israel. Jordan Check. Turkey Check. Egypt Check. Israel... naw.
What have Japan, South Korea, Germany, Israel done to pay back US Largess?
Money rules the world.
Oil is money, Gold is money, Property & Corporations are money. Political Borders are money.
Yep it's always been about what the Saudis want...? either you are another zio-troll, or it's time for your meds
Only federals talk about zios. The Third World War must be fomented by taking advantage of the differences caused by the "agentur" of the "Illuminati" between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time." 4
EKM is not a troll. He has a different opinion on where power is distributed from. Some of us think the central banks are the wizards, while EKM believes the power comes from the MIC. If I am wrong on his viewpoint he will chime in but that is how I understand his comments.
ok, point taken - I know he's been around for a while...just the Saudi stuff is so mis-directional i.e. Michael Moore, IMO
yeah they have alot of oil and they're scumbags, but I dont think they're calling the shots...
I am a right winger, neocon supporter.
Saudi + Pentagon alliance is the corner stone of US foreign policy
Imagine if the Saudis had a stranglehold on all forms of media? that would be nuts, thanks god not yet!
yes
thanks be to G_d!
Because everybody gets a case of the ass when they see positive 401k statements.
My 401k YAY.....for when I get set in a chair in the corner of the old
Folks home, by crackey I'll be able to buy seconds on tapioca puddin!
Don't become my "false prophet" now ekm1. I want to see those financier's fucking heads on pikes.
Well, if they surrender, no beheadings.
considering what has been stolen, surrendering is not enough, not by a long shot. Clawbacks or execution, period.
jubilee, defaults, reset will do
the elite can try and eat their stock certs
let 'em eat stocks
or as they say in Cupertino these days "Let them eat cocks"
The Humans Are Dead
135pm AGG moves by $6 inside of 1 minute.....
look at SHY on October 13 wtf
Bullish
#DIV/0!
Nobody cares if stocks are manipulated upward. Ebola who? ISIS, huh? Hence:
Chicago (Twatter) Trends· Change
Wait, there's cat movies now? WTF am I doing here?
Tim Cook and Bumgarner, an interesting algorithm
just fucken brake this circus once for good
What can you do except laugh at this point?
You can BTFD in silver and gold...
It's a good thing El Presidente Zero kicked ebola's ass, because if he didn't we might get a headline that would disrupt the month end banker bonus rally.
The NYSE is platformed on 12 Atari 400s wired in series with a powerful 4000 Baud telephone modem connection to Compuserve and Home Base.
wonder what happens if they insert Pitfall
So that's how they can handle so many quotes!
no, no, 12 is way too many...thinking it's more 7...
But they upgraded them to 64k
Probably wishing they had used INTELivisions by now
As we all know.......
ALL YOUR BASE ARE BELONG TO US !when the "market" finally shits the bed, PPT will be playing "Defender" circa 1979...
...and quote data vanishes yet again...
From Martin Armstrong, for reference:
"Here it's Thursday and we have broken back up to new highs on our cyclical models without electing a bullish reversal yesterday.
Resistance stands at the 17195 level and a closing below 17000 today will imply that we have a high in place.
Closing resistance will stand at 17010, 17143, and 17246. We need a closing above at least 17,143 to imply that we could continue higher into next week. Otherwise, a failure to closing above 17142 will suggest we may have the high today.
Tomorrow is the end of the month. We are looking at a closing below 16898 tomorrow will suggest that we should press lower. A closing tomorrow below 16920 will imply that we may see a break next week back to test support."
He might as well be reading goat entrails. In this "market" TA is nothing more than the tail wagging the dog.
Shhhh... don't give away the secrets of his all-seeing "computer."
Oh, sorry.
"Pay no attention to the man behind the curtain!"
yes and look out for 2014.628 1/2 and especially 2015.999999.
quoting another ZH comment, technical analysis is like trying to grasp turds while they are spiralling down the flush.
What's the difference betwen the Federal Reserve & a crack addict?
There is none. Both use whatever means they can to reach a high.
Even if it means stealing and lying.
a crack addict makes more sense when s/he speaks?
a crack addict can't pull crack out of his/her ass (crack)?
At least a semi attractive crack bitch can sell herself for more crack? Yellen, not so much...
Is there maybe some reason why S&P 500 MUST be over 2000 by 31st October by all means?
What I don't get (sorry, maybe it's just me): When markets break, why do prices go up? I would have expected that the sellers panic, not the buyers... would appreciate if somebody could explain (sorry, I'm not a finance guy).
Simple, when market goes back on magically the price is no longer 100, it is now 101.
it works with the futures market becoming the price of the cash market at 9:30, why wouldn't it work when they purposedly break the market for a little while?
But who fixes all those prices? Algos programmed by who? Janet Yellen? Come on.
So if nobody knows where the prices will be after the thing is fixed, then this is exactly why I would expect "people" to panic (i.e. try to sell) if the "markets" break, not wait til the "markets" come back online. So I would "normally" expect the prices to fall.
But what is "normal" these days...
Damn, I missed the move again.
well we had to get back to 2000 spx somehow... ?
A market with ask electronically removed? Seems legit.
I´m watching this market melt up, post QE kaput, and cannot help smiling in anticipation. Will be interesting to see what happens when we get near the record highs on S&P.
If it keeps going i will eat my hat.
...here's the wind-up, and ...
Would you like mayo or moutard with it?
Betting against the bull side of this market has made more paupers than the decline in 2008.
already ate my gold..needs salt
Oh, this is the worst-looking hat I ever saw. What, when you buy a hat like this I bet you get a free bowl of soup, huh?
did someone step on a duck?
-Hey, barman, can you make a bullshot?
-(barman) Can you make a shoe smell?
That will be your due for believing there's anything real left to collapse.
DOW should shoot up another 3-400 points by the 4th.
The giddy moron voters get to vote for the conman/woman that promised them the most free shit! Gonna "stick it" to the rich bullshit sells a fool everytime.
So simple even a buffoon can do it!
Here, it's a campaign battle over which guy might be the lesser complete crook....I shit you not.
As long as stock market is up, why complaint. Don't stop the music.
How is this possible? It's as if this market is a one sided buy. The S&P is right back at the record. At least make it believable. I am honestly starting to think that there won't be a meaningful pullback until the system collapses. The Fed is still going to be working in the background to make sure that stocks don't drop this time around following QE.
Ever declining volume coupled with trillions of ZIRPdollars seeking returns as long as they will play along with the farce?
Margin debt, FTMFW!
http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=tab...
why is the stock market so strong with out QE. I thought the two were inextricably linked. There was no POMO today
That's pre-Euroclear thinking. If one support is removed, you can bet that three others were secretly put in it's place.
Pomo replaced by Shomo, just experiencing full tilt right before implosion.
Ah yes....but look at all the room for QE 4,5,6 and 7!
When was the last time ZH was right predicting the direction of the market?
Well- unfortunately never happened....
All these bearish news ...and the markets are almost at record highs...
okay we all know markets are rigged...but one that went againts this tremendous meltup is now homeless...
the cisis will eventually 0ccur and it will be sometimes in the future....
Everybody nows manipulation rules and Pe's are high- so whats the point posting negative news all day?
ZH just giving the play by play, we all know the rest of the story.
edit: It is amusing to see the capitulation whenever a chart is marched out though.
Zero Hedge has been consistant in the fact that the market is a farce that will continue to melt up until it breaks. The Tylers have made no other predictions of market direction, they simply point out the ridiculousness of it all.
Amen.
And quickly approaching ludicrous speed.
Got to drive it like you stole it!
When was the last time ZH predicted market direction? Or the first time, even?
All I've ever seen are claims about the impossibility of everyone profiting from said meltup.
Surely the game of musical chairs is known to you?
As for the point? It's detailing the unraveling/reraveling of the facade. If you don't think that's of value, why are you even here?
sell now and book your profits...
Tell me when it is safe to exhale.
*turns blue, passes out*
Oh but QE is over, though.
We can easily verify this by checking the audit of the Federal Reserve.
Keynesian wet dream. Paper hangers.
I said to myself last October: when you make $95k in a single session you will buy yourself a new car.
I'm getting a Tesla, a Rolls, and an Astin Martin plus a collectible Seamaster for my broker.
This is like shooting barrels in a barrel.
(I'm only buying a Focus ST, BTW. Maybe a Tag for my broker, the fuck. The rest is going into my garage, indeed, in the form of silver.)