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Liquidity Siren: S&P 500 Futures Market Depth "Abysmal"
Paging Waddell & Reed... Even for this early in the US session, liquidity in the most-liquid financial instrument in the world is - in the words of Nanex's Eric Hunsader, "abysmal."
Source: @NanexLLC
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When in doubt. Pull your markets. There is some liquidity. It's hiding.
http://hedgeaccordingly.com/2014/12/platts-global-polyolefins-outlook-fa...
I'm about to define 'liquidity' after attending a chili cook off over the weekend!
I'm beginning to think those who say "there is no spoon" have it about right.
Yup
I'm ticking down the picoseconds until the major HFT's just pull the bids and we see flash crashes like what happened to Apple. No way you can clear a few yards on that type of depth and get a no-price move.
I just love it when graphs have numbers and no description of what they are. But it is a pretty picture. I may use it as a screen saver.
I *think* its bad? Oh well back to my bottle of wine.
Liquidity is not a problem when the Fed buys everything.
Just as a matter of interest, what happens when The Fed already OWNS everything? We must be getting quite close to that point?
Oh, and would someone remind "The Regulators" that the HFT's are there to provide liquidity....
Dear Ms Yellen, please send larger helicopters. Yours truly, Wall Street.
P.S. We won't tell anyone that your father was the former President of
Russia.
You can change your name from Yeltsin to Yellen, but you can't change
your family facial features or your inherited love of vodka.
I think we're gonna need a bigger Bot........
I have liquidity in my fire safe, I call it "Gold" and "Silver".
Just don't stick it on a boat........danger danger!
Get to work Mr. Bullard!
The Fed should cut the discount rate by 2 points, immediately...,
oh, wait.
Makes it easier for the Feds algos located at Citadel and push the prices up by putting out offers and cancel them before fulfilling them pushing the price up
"Hedge funds often prefer trading the E-Mini over the big S&P since the latter still uses the open outcry pit trading method, with its inherent delays, versus the all-electronic Globex system. The current average daily implied volume for the E-mini is over $100 billion, far exceeding the combined traded dollar volume of the underlying 500 stocks."
Skynet usually enjoys not having to employ humans, maybe not today.
Need some oil, Tin Man?
How about a little fire, scarecrow?...
I'm sure there's plenty of liquidity are S&P 666.
Tons of money on the sidelines. It's just moved up in the grandstands and lately I've seen some of it heading for the parking lot.
And as it heads to the parking lot, you can hear it mutter: "Well, there's always next year..."
Now, thats funny!
The Fed's should let the market determine their interest rate. Bid / Ask on the Central bank Interest rate would solve all this BS.
Lack of Liquidity is only a problem when SELLERS appear.
I like where you're going with that. Let's outlaw selling. Problem solved.
Selling has essentially been outlawed since the fed reams the shorts a new asshole every time they try to sell this pig.
Which means when some guy decides to sell a few shares of Apple so he can give a kitchen remodel to the wifey for Christmas there will be no one to stop the avalanche that ensues. It will really suck for him when the SEC investigation names him as the culprit
Are you suggesting that the Fed is selling? (I mean, who else it really left in this "market"...)
Dont make much sense.... This would say that all that is left is retail.... IF that is true, then there should be a bunch of whales piling in short. Anyone care to take a shot at an explanation?
The fed has not been very friendly to anybody trying to short the market. That's why there is no underlying bid. There is usually a bid somewhere from shorts looking to cover or value playes to move in. The market is too bloated for value players and the shorts get their asses handed to them.
We don't need no stinkin liquidity!
There is bound to be an app for that!
how many times will the "markets" "break" today? over/under at 3.5.
I was told there would be HFT ...and it "adds" liquidity?
Am I the only one that can't read this chart?
The Fat black FLAT line at the bottom is all that counts.
Liquidity is GONE.
Nobody can.
There are no labels for the axiis and nothing for the color black.
Yes, some of us can.
Each colored line is the depth of the book for a certain trading period. The black line is where liquidity is at now.
Its an order volume versus time chart. Each line is a date given in the key. Fat black one (not the first lady), is todays trace..... IMHO its not a true correlation to liquidity, but activity..... To quote Bones... it's dead Jim......
Equity traders are trucking right along. Pre market SPY volume is quite respectable at unchanged. (Bear in mind that equity traders need money to trade, futures traders not so much.)
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Liquidity is flat on its black.