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Markets Hit All Time High As Massive Spoofing Is Unleashed After FOMC Minutes

Tyler Durden's picture




 

Update- the illegal spoofing of stocks has now run over into bonds and the dollar...

 

Stocks taking off to record highs... (except Trannies)

*  *  *

Surprise: stocks are up and everything else is flat thanks to the illegal miracle of spoofing by the same HFTs that moments ago the very Fed was blaming for soaking up liquidity.

 

 

And for the CFTC readers out there, you know who you are, the massive spooffest is shown in Red. Remember: if the spoofing is higher, it's legal. It's only illegal if it sends the "market" lower.

 

Why focus on Nasdaq? Well that's easy - "spoof" Nasdaq futures higher, drags AAPL higher, which drags the other major indices higher due to its weighting and soon enough you have your momo ignited...

As we have said since 2009: the best and only option when trading a market as manipulated as this, is just to sit back and watch as it blows up in the Fed's face. Again.

* * *

A gentle reminder from the minutes that many seemed to have missed: "some indicators suggested that valuations remained stretched for some asset classes."

 

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Wed, 05/20/2015 - 14:29 | 6114370 This is it
This is it's picture

And all things continue as they were...since the fathers fell asleep...

Wed, 05/20/2015 - 14:32 | 6114389 Newsboy
Newsboy's picture

Bernie sanders has an elegant solution, a financial transaction tax, which will kill spoofing, and directing it to college tuition payments.

Wed, 05/20/2015 - 14:32 | 6114390 MonetaryApostate
MonetaryApostate's picture

Keep calm & trade on....  (Not)

Wed, 05/20/2015 - 14:40 | 6114432 Arius.
Arius.'s picture

http://www.marketwatch.com/story/a-june-rate-hike-is-unlikely-fed-minute...

 

it seems a different read from our own ZH ....

Wed, 05/20/2015 - 15:00 | 6114544 froze25
froze25's picture

Rand Paul is filibustering the Patriot Act right now.  http://www.c-span.org/networks/?channel=c-span-2

Wed, 05/20/2015 - 15:18 | 6114618 saints51
saints51's picture

How is the show?

Wed, 05/20/2015 - 15:25 | 6114641 froze25
froze25's picture

Pretty good, he's tearing the NSA a new one.

Wed, 05/20/2015 - 15:27 | 6114646 saints51
saints51's picture

awesome, hope he gets rid of it.

Wed, 05/20/2015 - 14:43 | 6114462 LawsofPhysics
LawsofPhysics's picture

"directing it to college tuition payments." --  Quick question, would that apply to all qualified students in need or will this money (taken from all flavors of people in the market) be directed only to minorities?

Equality? Accountability? CONfidence?

tick tock motherfuckers...

Wed, 05/20/2015 - 14:52 | 6114508 Zpigs
Zpigs's picture

Apparently it's directed to community/state colleges, and not the students directly. 

Wed, 05/20/2015 - 15:21 | 6114628 saints51
saints51's picture

You can bet your ass if it would be passed, only minorities will benefit. Whitey has been fucked and will be fucked until it is over. But have no fear. It is whitey who would rebuild a great nation. We have seen what minorities have done to themselves in this world over time.

Wed, 05/20/2015 - 14:47 | 6114482 Bear
Bear's picture

I really like this idea ... better if we just tax transactions and use the money to print diplomas and bypass Indoctrinaire College ... absolutely no one will lose. Eliminate HFTs and college debt.

Wed, 05/20/2015 - 18:09 | 6115183 TheFutureReset
TheFutureReset's picture

The real deal would be to tax the exchange per trade not executed, not the traders. Exchanges would have the incentive to keep it from happening, and traders would have an incentive to report it. That money would be used to buy gold reserves back, since we all know there's nothing there anymore. ;) 

Wed, 05/20/2015 - 14:47 | 6114485 Bear
Bear's picture

I really like this idea ... better if we just tax transactions and use the money to print diplomas and bypass Indoctrinaire College ... absolutely no one will lose. Eliminate HFTs and college debt.

Wed, 05/20/2015 - 14:30 | 6114372 NoDebt
NoDebt's picture

Illegal is such an ugly word.  Can't we call it something else?  Something nicer?  Like, 'impolite' or 'ill-advised' or 'generally discouraged'?

Wed, 05/20/2015 - 14:31 | 6114383 IntercoursetheEU
IntercoursetheEU's picture

Ethically challenged

Wed, 05/20/2015 - 14:44 | 6114466 greenskeeper carl
greenskeeper carl's picture

It's not illegal, it's just frowned upon, like masturbating on an airplane....

Wed, 05/20/2015 - 14:41 | 6114445 Bear
Bear's picture

legally impared ... undocumented legality ... Clintonian

Wed, 05/20/2015 - 14:42 | 6114451 Low Tech Future
Low Tech Future's picture

If you have ever complained to SEC, you might get a cute email that says, "this violates such and such rule, however, restrictions are only voluntary" --- can you imagine telling a judge that if YOU were caught

Wed, 05/20/2015 - 15:56 | 6114754 Eyeroller
Eyeroller's picture

 "undocumented"

Wed, 05/20/2015 - 16:04 | 6114784 Clesthenes
Clesthenes's picture

"Privileged" bandits?

Nobility?

Wed, 05/20/2015 - 14:30 | 6114375 sapioplex
sapioplex's picture

Is anyone surprised?

Wed, 05/20/2015 - 14:30 | 6114378 order66
order66's picture

"If you ain't spoofin', you ain't tryin'"

Wed, 05/20/2015 - 14:31 | 6114381 101 years and c...
101 years and counting's picture

i want to write the program that can execute sell orders onto those buy spoofs.  

Wed, 05/20/2015 - 14:32 | 6114393 Dr. Engali
Dr. Engali's picture

Spoofing?

 

That's racist. 

Wed, 05/20/2015 - 14:41 | 6114450 Headbanger
Headbanger's picture

No no no..

That would be "spooking"!

Wed, 05/20/2015 - 20:27 | 6115552 espirit
espirit's picture

I resemble that remark.

Wed, 05/20/2015 - 14:37 | 6114416 Yen Cross
Yen Cross's picture

     Let me know when spoofing turns to spooking. I'm running out of things to mix my kibble with.

Wed, 05/20/2015 - 14:58 | 6114536 Bay of Pigs
Bay of Pigs's picture

Or as we say in da hood....

"we be spoofin..."

Wed, 05/20/2015 - 14:39 | 6114419 carbonmutant
carbonmutant's picture

That's not Spoofing that's Marketing... lol

Wed, 05/20/2015 - 20:37 | 6115567 espirit
espirit's picture

Spoofing is actually cheating, just ask the one Indian dude who just received the hundred life sentences for doing it on his own. 

Wed, 05/20/2015 - 14:38 | 6114424 sTls7
sTls7's picture

Here's a headline from 2009... hum sound familiar???  http://www.cnbc.com/id/29258948

Oh, it's from today.   Dump the Fed.  Somebody ought to run on that and only that platform,  dump the Fed.

Wed, 05/20/2015 - 14:40 | 6114435 Market Rage
Market Rage's picture

I saw it on /NQ at about 1426.

Wed, 05/20/2015 - 14:41 | 6114438 max2205
max2205's picture

Gang bang cum shots......

Wed, 05/20/2015 - 18:25 | 6115254 FrankDieter
FrankDieter's picture

Fucking banksters should be sent to waco to meet  with those bikers.

Wed, 05/20/2015 - 14:41 | 6114441 thismarketisrigged
thismarketisrigged's picture

so now what the fed does every day is pump the ''market'' up like 3-4 s&p pts daily, and when u add that all up 5 days a week, we r talking like 15-20 pts added weekly, but since it happens in such small increments, its not as obvious, yet it keeps pumping indexes up to all time highs.

 

of course this all happens with zero pullback

Wed, 05/20/2015 - 14:46 | 6114475 Atomizer
Atomizer's picture

Plunge Protection Team has been going on for decades. They just rebranded product name. 

Wed, 05/20/2015 - 20:48 | 6115610 JoWazzoo
JoWazzoo's picture

DJIA has traded in a 100 point channel for 4 days.  Nah - aint no manipulatin here.  Move along.

I did have to chuckle as CNBS indicated sadly that markets had pulled back from highs.  Yeah - dumb fucks.

Dow & S & P both set new daily highs and closed lower.  In the old days THAT would be news.  Not a word spoken on CNBS that that had happened!  Useless fucks.  And in the old days something like that would have been viewed as a KEY Reversal.  We shall see since VIX acted like nothing happened today - even after the indices went crazy & back.

 

http://finviz.com/futures_charts.ashx?t=VX&p=m5

Wed, 05/20/2015 - 14:41 | 6114442 astoriajoe
astoriajoe's picture

I thought that Indian guy was in custody.

Wed, 05/20/2015 - 14:54 | 6114517 ucde
ucde's picture

hahahahahahahahahaha

Wed, 05/20/2015 - 14:42 | 6114455 SillyWabbits
SillyWabbits's picture

If you ain’t spoofin

You ain’t lootin!

Wed, 05/20/2015 - 15:03 | 6114555 disabledvet
disabledvet's picture

Would appear they've spoofed the money itself.

 

Guess they got us on that one this little devils!

Wed, 05/20/2015 - 20:35 | 6115576 espirit
espirit's picture

Algos picking up pennies in front of the steamroller.

Tick Tock, Motherfuckers.

Wed, 05/20/2015 - 14:47 | 6114480 Bluntly Put
Bluntly Put's picture

As we have said since 2009: the best and only option when trading a market as manipulated as this, is just to sit back and watch as it blows up in the Fed's face. Again.

Been doing that for over 7 years now, getting tiring.

Wed, 05/20/2015 - 19:49 | 6115455 MeelionDollerBogus
MeelionDollerBogus's picture

get a wider screen, put the market indicies charts to one side and small window-size and have your porn, netflix & zerohedge in other windows. Now it's not tiring, it's just always there in the corner of the screen.

Wed, 05/20/2015 - 15:00 | 6114545 pragmatic hobo
pragmatic hobo's picture

power of hft backed by billions of interest free money ...

Wed, 05/20/2015 - 15:09 | 6114583 Seasmoke
Seasmoke's picture

WE SPOOFED SOME FOLKS.

Wed, 05/20/2015 - 15:10 | 6114587 Trucker Glock
Trucker Glock's picture

"some indicators suggested that valuations remained stretched for some asset classes."

They're just letting the banksters know they're paying too much for blow and hookers.  DEA and ATFE get that shit for free.  Give 'em a call for discounted pricing.  CIA won't respond to requests for quote.

 

Wed, 05/20/2015 - 15:46 | 6114709 vaft
vaft's picture

There was a funny moment on fox business where Liz Claman turned to the camera and said "market indices are still holding all time high...", then glanced up at the ticker with a surprised look and said, " wahh, what happened?!"

 

Really illustrated the simple dilemma that when you're the only party purchasing inflated assets, how are you supposed to take profits without prices going right back down to where they were before your buying frenzy began?

 

Wed, 05/20/2015 - 19:48 | 6115453 MeelionDollerBogus
MeelionDollerBogus's picture

writing options & spoofing with HFT's

Wed, 05/20/2015 - 15:58 | 6114766 Clesthenes
Clesthenes's picture

“…valuations remained stretched for some asset classes.”

It’s probably better to stay out of these markets.  I’ve learned that the information needed to intelligently trade is available about two weeks after you need it; without this knowledge, it’s just a guessing game.  And, I’ve never seen anyone who accurately guessed the top or bottom.

It’s better to put your savings into your own productive ability (the best investment possible), someone else’s (the second) physical gold (third) and maybe a small amount of silver.

But, there is more:

Many people suggest that we arrest, or execute those responsible for any number of crimes: 9/11, financial crisis of 2007 (and counting), the looming slaughter of major assets (stocks, bonds, real estate et cetera).

I disagree.  First, all prosecutorial, judicial, legislative and media offices are dominated by those guilty.  So, who would arrest them… or execute them.  Further, if we execute them, I would regard it as an act of mercy: it would put them out of their misery too soon… shorten their pain of guilt too quickly.  I would rather prolong both as long as possible.  I also suggest something that no one else seems willing to even mention: an investigation and recovery of the booty they took.

And then I would add to my list the best revenge of all: personal success: a profitable business, good investments, an honorable character.  But success will all be for naught if you don’t have the good health to enjoy it.  You won’t get that good health by taking small doses of poison disguised as “medicine”; nor with “food” barely distinguishable from plastic or lubricating oil.  I have a better alternative: a health regimen that has REDUCED my biological age by 50 years; I am over 70 and several former pro and college baseball players tell me, effectively, that I have the coordination and physical condition of a professional athlete around the age of 20; this began 15 years ago – when I was “older”, less coordinated, and had less strength and stamina.

Taking care of your health is not enough: you also have to protect your success; for, if you have good health, what’s the advantage if you don’t have means to enjoy it?

Unfortunately we live in a social system that resents achievement and seeks to control and take part of such achievement in the form of taxes, or some other form of robbery.  And where they can’t extort a cut from transactions, they seek to destroy them.

This destruction of achievement reaches an apex during times of social stress or breakdown.

You may think that hoarding supplies and moving to a rural area would provide protection for your life and property.  A major verdict of history tells us that would be a very big mistake… usually a fatal mistake. (Please read more)

Wed, 05/20/2015 - 16:01 | 6114773 Seal
Seal's picture

It may take an exogenous event to put the markets to fair value - such as losing the West Coast

Wed, 05/20/2015 - 18:19 | 6115231 TheFutureReset
TheFutureReset's picture

The day Russia comes to the aid of Syria, Iran, and Turkey all allies, against ISIS. That would expose the myth of military supremacy of the US, and everything is done.

Wed, 05/20/2015 - 18:21 | 6115237 fremannx
fremannx's picture

Market peak is imminent. The Dow is on the last surge before it reverses and a gets strongly sucked into the deflationary vortex ahead.

 

 http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

Wed, 05/20/2015 - 19:47 | 6115452 MeelionDollerBogus
MeelionDollerBogus's picture

pfffft

Dow's good to 24k

Now why would I want me some 24k gold when I could have 24k DOW?

BUY-BUY-BUY-BUY!

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