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"Market" Hits A New Low: Algos Fall For An April Fool's Joke, Send TSLA Surging On Massive Volume
One just has to laugh at this point.
Moments ago, the Tesla twitter feed and blog reported that the company was announcing a new car Model, the "W":
Announcing the Tesla Model W
Tesla today announced a whole new product line called the Model W. As many in the media predicted, it's a watch. That's what the "W" stands for.
This incredible new device from Tesla doesn't just tell the time, it also tells the date. What's more, it is infinitely adjustable, able to tell the time no matter where you are on Earth. Japan, Timbuktu, California, anywhere! This will change your life. Reality as you know it will never be the same.
Warning, current version requires wrist strength of an Orangutan.
Studies have shown the Model W will dramatically improve your health. If you work out. And it's available in platinum!
No longer will you need to rudely examine your phone to read text messages. Now you can politely stare at the tiny screen on your wrist without anyone noticing.
This is in no way a competitive response to what some other company is doing.
Clearly, the above was an April fool's joke as anyone who reads more than just the headline would immediately guess. The problem is that Bloomberg's fast response team did not have the time, and immediatley blasted the following:
- TESLA MOTORS: ANNOUNCING TESLA MODEL W
What happened next was laughable. The algos, on massive volume, spiked TSLA stock higher by nearly 1%....
... before realizing they all bought first, and asked questions milliseconds later by responding to a blatant, purposeful and utterly humorous, lie.
And with that we have hit a brand new "low" for this "market."
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Class action lawsuit for all traders who got stopped out by this?
TSLA is down right now, where's the surge.
Next joke will be the SEC investigation.
I'm betting that the writers of the algos will get sued by their employers for building code that can't recognize humor.
Wonder what they'd pay for some good sarcasm-detecting code?
And now you know the true purpose of Zerohedge.
Oh, it's April fools.
See, the way it works is, you READ the article, then comment.
unless it starts "by Simon Black"
Only if those who lost were GS or JPM traders
It's one fine example as to the level of idiocy the "market" truly is. Anyone that opts to put their currency into it rather than hard assets deserves to have their face ripped off.
No April Fools: Propaganda circle complete, UK Prime Minister is related to Kim Kardashian
Only surprising to anyone unaware of DNA genetics.....we're all related to everyone else and all other life. You are related to an elm tree. Scientific fact.
I'm the son of Adam & Eve... Annunaki LUCIFERIANS from Nibiru!
My name is Maximus Decimus Meridius, commander of the Armies of the North, General of the Felix Legions, loyal servant to the true emperor, Marcus Aurelius
Go go RibWoman!!
I will have my vengeance in this life or the next...
Maximus! Maximus! Maximus!
Your time for honoring yourself will soon be at an end...
Too bad, missed St. Patricks day by only a couple of weeks:
'The Night I Punched Russell Crowe, the Gladiator, in the Head.' Great tune, great band.
https://www.youtube.com/watch?v=JebmiFOG6kE
I am waiting for Hillary to drop out and KK will be our new president...to full circle the absurdity of our country!
Butt butt butt butt butt
and Miliband is related to... alot of other kikes
someone made alot of money and someone lost alot of money in a minute.
A coke nosed Ukrainian hooker residing in Manhattan is gonna be saying the same thing tonight...
Where can I buy one!
Were any trades cancelled?
yes, if your dues* paid up
*PAC $$s to the right pols
I think that Getty might have tested a beta version.
Am I wrong to laugh at all of it? The whole "free" market, I mean.
actually, not a bad idea
a watch will come in handy to count the minutes till the fire truck comes to put out the fire of your burning tesla on the side of freeway
Good one Tylers. WTF, you couldn't make this s?i# up.
Every headline is a fucking joke.
The problem is so far everyone still falls for them when it isn't April 1st.
What? The bots can't handle a joke? https://www.youtube.com/watch?v=9H4prE95LE0
Gentlemen, I think we've just found the bots' achille's heel - no sense of humor. No need for the voight-kampff test anymore.
zh just inspired some quant to model a bullshit detecting algo. it will be the end of news as we know it. only the truth gets through. news media would disappear until they trained writers to write the truth, a sysiphusian task.
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I'm still trying to get out of my bitcoin position after your 'bit' on Greece and the bitcoins this morning…
•?•
V-V
I dont wear musk anymore..
Short AAPL. Tesla W battery lasts 4 hours!
The SEC can go to hell! Their so busy watching porn anyway.
Why it is not even close to a low as the whole thing is a true actual fraud.
When some market historian writes of the insanity which we are currently living, this event will have to be part of it.