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"Something Changed" - Comparing E-Mini Liquidity In 2009, 2012 And Today
Here is a snapshot of the liquidity in E-Mini on this day in 2009:
Here it is again in 2012:
And here, once again courtesy of Nanex, is today quad-witching:
As Eric Hunsader rhetorically notes, "eMini Liquidity was cut in half starting Dec 12. Unknown why."
Actually "known" as we explained in "How The Market Is Like CYNK." The lower the liquidity, the easier to move a rigged "market" higher. If and when the time comes to pull the rug and for the selling to begin, the exchanges will simply break and report a marketwide "self-help" event, and no selling (or short-covering) will be allowed, period. For all those who will feel Cyprused or Corzined? You will be able to address your complaints to the former head of the Federal Reserve, now located in a warm, non-extradition country.
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When this comes down, a lack of an extradition treaty will not help the FedRes luminaries.
Does Mr. Yellen know to shoot ?
Looks like the arsonists are chaining the night club doors before lighting it up.
Like putting Logs on a fire...
Misguided trust in man...
What a racket!!! Screw you Yellen!!
That vVol and VIX article earlier, was priceless Tyler. ;-)
It sickens me how skewed reality is.
Where did Ben Bernanke move to? Malta?
I declared "self-help" against Wall Street a long time ago, but the S.E.C., D.O.J., and F.B.I. can't seem to find Jon Corzine, Angelo Mozillo, or any of the other crooks. Imagine that.
i think most people here know that by the end of 2012 (the last QE) the FED embraced the HFT and algo chicanery used by it's bank owners and hedgie buddie. Once that line was crossed, any hopes of prosecution and criminal justice to those engaging in these fraudulent market practices vanished.
Kevin Katsuyama roasted that BATT's ceo on the blowhorn. He was off to his next gig in Zimbabwe?
http://www.valuewalk.com/2014/07/bats-ceo-resigns/
http://www.zerohedge.com/news/2014-04-01/bats-ceo-shame-you-letting-ever....
Then the gloves come off "you wanna do this, let's do this!" and then it got worse (or better)...
we compared some folks
Self help as in they help themselves to whatever you thought you owned?
putting up with all of this psychological rape will be tolerable in the end if the market really does collapse. if it does not collapse, then money will probably be meaningless, which will be really interesting to see. so, win-win, no?
Is that black line an incomplete reading? He tweeted this at 9am and this graph shows liq. through noon. ??
Each year, the Great Pumpkin rises out of the pumpkin patch that he thinks is the most sincere. He's gotta pick this one. He's got to. I don't see how a pumpkin patch can be more sincere than this one. You can look around and there's not a sign of hypocrisy. Nothing but sincerity as far as the eye can see. [/Linus]
Fed is scared of it's own shadow.
Some weekly close analysis: http://investfts.blogspot.co.uk/2014/12/weekly-closings-stocks-oil-gold....
The liquidity in half situation is worrying for bears because a surge in volume or retail could really blast stocks higher. The market can do crazy things until a Black Swan appears.
We have been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years. Have these actions really worked or merely masked over major flaws and problems? I contend that by not demanding the right kind of growth and by throwing money at problems we have only delayed and added to festering issues that face us in the future.
Modern Monetary Theory often referred to as MMT by its many believers is to remove much of the risk ahead and guarantee that we will always be able to muddle forward. This is a economic theory that turns to newly acquired tools like derivatives and currency swaps that are suppose to allow us to print and manipulate away problems. This has created an "almost surreal" feeling of indifference towards reality. More on why debt does matter and the system is about to fail in the article below.
http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complacency.html