Algos Sell The "Leap Second" Rip

The world saw a potential Y2K-moment overnight and just as in 2000, the world did not end. An extra leap second was added, potentially blowing up every computer in the world... but as the following chart shows, for the algos, it was just a buying (and selling) opportunity.

Source: @NanexLLC

Comments

[KnuckleDragger-X]

Some of the best programmers in the world are writing those algo's and they don't program by committee.

[Zirpedge]

The best and brightest are working to promote efficient markets etc etc.

On the subject of "tearing a new one" see this article on Keynes from the Charlestonvoice...http://chasvoice.blogspot.jp/2011/08/john-maynard-keynes-lavender-bolshe...

[Billy the Poet]

My computer resets itself by one hour twice each year for Daylight Savings Time. Why would a one second change make it blow up?

[kensdad]

Algos are a scourge on markets and society.

[This is it]

These days, everything that happens is bullish. Even when I fart algos spike. Ya know, I'm just saying.

[RogerMud]

Hard to understand why the leap second couldn't have been handled at the weekend. My take is that the "markets closed for leap-second" thing provided a convenient distraction from the fact the Greece had just defaulted to the IMF.

[Peter Pan]

At the beginning of time all seconds were free to roam around but were eventually jailed in the arena of the clock. To be exact all but one were jailed.

That free second is what is outside the dominion of the powerful people of this world.

That is why in a single second the course of human lives, history and the future can take turns never imagined.

[Billy the Poet]

"Earthling scientists were monotonously radioing pi into outer space. The idea was to show other inhabited planets, in case they were listening, how intelligent we were. We had tortured circles until they coughed up this symbol of their secret lives."

-Kurt Vonnegut

[kevinearick]

Classic Human Behavior

Greece. International trade is the means of extortion, surprise. Do you really think that everyone in Greece has such poor, arbitrary skills that they care whether the critters use the Euro or the Drachma?

Donald Trump. One way to see Mr. Trump is beating the bank at its own game, bankruptcy. Another is as the rigged lottery winner sucking others into the ponzi.

California Immunization. Forcing immunization on the leading edge to subsidize the trailing edge has no end. Science is used to defeat science, creating yet more superstition, religion. If you let the kids go play, they are going to be knee deep in bugs, which neither you nor the critters can see, with which to build their immune systems, and immunization is only going make the bug more virulent, on a quantum time scale.

Jobs. No job keeps up with real estate inflation over time, so there is always real estate becoming worthless, which the empire cannot employ. The ‘winners’ get tokens for compliance, which can only fail, so enough is never enough, to assuage their so-masked insecurity.

Up here, we have people with 3 or 4 pensions, collecting high 6 figures, with homes on the beach that they never visit, stepping on their own grandchildren’s heads to stay above water as long as possible

Empire Economics. The critters just had another cattle call, over 2000, to replace me, in the 1%. You can guess the distribution: no women, mostly males with no real skills, some males with some skills subsidized by monopolies, and a handful ready to learn.

Net, the system can’t keep up with its own stupidity, printing credit to replace equipment as fast as it is installed, employing rocket scientists using a dc computer to identify what is wrong with dc computers, becoming more derivative by the day, which the talking heads are betting on to collect tokens, which become increasingly worthless over time, in a rat race.

Watch the sh-show on your break and then get back to work. Life wins, every time, or you wouldn’t be here.

Whether Donald is actually a decent person playing an empire role, or not, really doesn’t have anything to do with whether you are going to get up in the morning with a good attitude, unless you let it. The irrational market hypothesis is true, but only fore the majority, which assumes that it is true and behaves accordingly. Assume that you are going to be successful and prepare accordingly.

University. Going to school, to learn to employ credit, is a waste of human potential. Let the herd chase the professor, while you do something productive with your time, and otherwise be on your way. Don’t assume that everyone is a moron because the majority acts like morons. Everyone has something to teach you, whether they know it or not.

If you look, you will see the connections, between what you see and what you don’t. The US Constitution didn’t make America great; people, like you, did. Let Marvin the Martian think otherwise.

Family. Build your skills to employ your talent, keeping in mind that the majority, in civil marriage made to be broken and always at war, will want your children, and will always build a public education system for the purpose of taking them, with stupid laws begetting stupid laws.

Unwrap the mythology, fix the crap, re-wrap the mythology, and go home to your family. If you want to help the critters, show them something during the process, but don’t be surprised when it shows up in a weapon system. Poverty isn’t an accident; it’s a threat.

You can join the counterweight of History, or work with your spouse to employ it, adapting with shared priorities, to turn opposites into compliments, and raise your family. That is economics.