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This is not normal... Dow futures moved over 4,500 points intraday today!!!
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HFTs harvested much value from that shitshow today...
Yeah and I used up a large part of my beer and peanut-stock from the basemet as well as the weed stash.
But it was a lot of fun so far. Can't wait til tomorrow. I don't think I'll be going to the office...
At least it wasn't 4500 points in one direction!
I should write a book about these "efficient markets." Maybe I could win an economics prize.
Vol increases at tops and bottoms.
I just know they will start talking about that trillion dollar coin again.
Kash for Klunkers will be the last resort. Almost there.
The bigger the swings... Do HFT algos know what a singing fat lady is, or is that the last of the humanoids trying to get out?
I don't see an issue. You just need to believe that some people thought the prices were low and bought and some people thought the prices were high and sold. Drink the kool aid!
so what happens when the PPT has bought everything and the govt has nationalised the market by stealth?
we change our name to "New China".
"we change our name to "New China"."
Don' you mean "White China"? Ultavox already called it in the 80s...
"When pale turns to pink
With a soft unnerving ease
And all you've built around
May just tumble to the ground
When white turns to red
In the not too distant days
Will force and misery
Be the life you have to lead?
When crimson takes a hold
When the lights go down on all you've ever known
When all you'll ever do
Is worked out for you
We stand or fall
When the thoughts you have are not your own
We stand or fall
When the freedom slips away"
Buy/sell, buy/sell. Compulsive fucking shoppers.
HFT ping the stack to recognize their 'trading' partners see the same (no depth) and they back away. They do not provide liquidity. They can't. They'll jump on board and fist fuck each other regardless of the direction. If not for the breakers put in place for futures trading, they could have pushed this thing to zero. Back in the day knowing resting orders was subject to massive fines and threat of losing your license. Now it's common practice. Get rid of showing market depth and place a holding time on cancel/replace orders and the HFT's will go away. One BBBO (fuck the dark pools and redirecting of orders) and no visible access to "resting" orders will put and end to this. It used to work just fine.
Throw in a couple quotes by Gandhi and MLK and win the Peace Prize too.
I'd fight Ghandi
If I fought Ghandi...I'd lose.
You got more cajones than me.
What some old git in diapers can kick yer butt???
Khee,,,
;-D
Consider investing in a Pit Bull pound puppy. It might kill you in your sleep though.
Then you don't know the real Ghandi:
(I love this clip)
https://www.youtube.com/watch?v=4ega5Rcct2s
"I'd fight Ghandi"
Lincoln.
(yep - some of us got the reference :) )
Cheers
They are trying to lower unenployment so they can justify raising rates, so, the idea is to start a crashing the market, forcing investers back to work..so they can raise rates as a result of lower unemployment.
/sarc, but seriously.
If you ain't a Jew you can't win a prize.
+1000. This market is beyond sick. One day, when someone grows some balls and we find the rule of law in this country again, perhaps we can entertain an illusion of efficient markets.
Until then, rotsa ruck.
thats tomorrow
I finished my last consulting contract this morning, so I sat around laughing and drinking beer. A great day to be cynical, paranoid and pessimistic with not one penny in the market.....
Don't blame you. It's all shenanigans out there>> http://wp.me/P4OZ4v-2Mq
Been warning my Dad about this shit to the point where he doesn't want to pick up the phone. Last call he got mad and said, "Why do you care? You don't have any money in the market!" I just replied with, "I know. :-)"
Keep at it. Hopefully your old man is worth pulling out of the Matrix.
He'll appreciate his son, Morpheus, when that day comes.
The Matrix was not about the market. It was not about those who manipulate the markets. It was not about anyone who endures the complaints of those on this blog. It was about one's personal battle with one's own BELIEFS!
The market is merely an extension of those who manipulate it. They are one and the same. A guitar does not make music. I feel for you that you cannot really appreciate the beauty of The Matrix.
Stocks, 401k's, paper investments... never believed in that magic, got out a long time ago.
For those who play the game, good luck playing it, it's in hyper-retarded mode. :)
I hope another 1000 points tank!
Me too. Watching that 1,000 point drop faster than a broker in 1929 from the 30th floor was entertaining and self-validating. I'm sure a few of us had our chests out today laughing at the fear. I know I did.
Like the world market is going to believe that the US didn't intervene today to try to keep the market from closing in 10 minutes of the opening. It's going to be red as hell all over the planet and they have to know it. If the best the US could do was a close to 600 point in the red for the close then things are alot worse and it's getting worse.
The Aussie market has actually finished *up* 2.6% or 136 points today.
It was however bouncing around like a yoyo in a similar fashion to the US market graph above (over 200 point difference on the days bottom to top with lots of 50 point jumps).
Time to take Cramer away in handcuffs. It's been a long time coming.
Wait til we find out he just made up the email from Tim Cook this morning.
I'm Cramer and I have lost my mind.
$1000 for the prison vid of Cramer's shower 'love-moments'.
Some things can't be unseen.
Shit, it's not just that clown. Some old twisted woman, who had more plastic surgery than Kim Khardasian, was on Channel 11 in Chicago, was saying that the past few days have been "psychological." She was part of some financial group screwing old people with retirement funds. "Now is when you want to buy," she said.
It was pretty pitiful.
The Vomit Comet !
Probably their most profitable day ever...
My guess is that it actually was algo's that moved the markets back up. No sane person buys into a drop from an obvious market peak...not on volumes sufficient to move an entire market 800 points. I think it also explains the huge swings. It was a war between trading programs and humans as trading management said "Oh shit!" as the computers went rogue. I bet you cannot reel that stuff in and go to human floor traders very quickly.
My next guess is humans will control the trading tomorrow. You cannot have your firm go under based on the autobot trading program of a 25 year old. While the HFT's might be there they will be on a leash.
autobot trading program of a 25 year old
21st century shoeshiner
Epic algo orgy of all time
The greatest ES, YM, NQ, TF porn movie ever...
CME & ICE are swimming in $$ today
Just close your eyes AND BUY THE DIP!!!!!!
I can't decide if this is sarcasm or an honest statement. If the latter, you've been decieved.
Welcome to ZeroHedge, where the answer is always "it's sarcasm."
or is it...
If not something worse....
FROM A RESPONE TO ONE OF MY POSTS ON YOUTUBE...
if by some chance we make it to election without this gulag that used to be 'Murica going belly up, and if Hillary stays out of prison... I think ill vote for the first time since my first time and vote ol Hilldog.
Shes such a bat shit crazy sociopath shes bound to burn this mother fucker down in no time flat.
Perhaps he has a point?
The Satire is not just here on ZH after all.
Hillary for Prisoner 2016
Orange is the New Pantsuit
It was sarcasm, but if you have ginourmous balls, you buy the dip... at the right time, if you sell quick enough, you can make a lot of money. But it's way too much stress for me... I did it in 2008 for weeks... but never again.
Believe it or not a co-worker said he was buying low today......
Sucker every minute.....
unless he went from buy to seller...the market was down over 1000 and then it was down 130....some folks made some real money today...but they have balls made of brass.
Today was a berry berry gooood day to me.
Was that you buying those 50 VIX calls ZH talked about the other day? :-)
http://www.zerohedge.com/news/2015-08-21/vix-sept-50-calls-play-someone-...
Regards,
Cooter
IF you had access to information/Bloomberg term and a consistently funtional line of execution it was a feeding frenzy.
The biggest move was the first move.
IF you were in at -1,000 there was a lot of meat on the bone.
Now: WHO has the balls to do that?
-Someone with ( old/inherited ) money that they can afford to lose and who is already up $150 or $180K this year...
I know someone who has a massive oil option play/strategic short on since March. Sept delivery/close.
He is already stupid deep in the money and can't keep the grin off his face. He has the money in his hand already and has been darting in and out for weeks picking up more... He's been into chemicals, pharma, etc... He couldn't be happier right now..
He runs with ZERO leverage.
IF you have the cash, the info stream, and a clear wire for execution: this volitility is the gift of a lifetime.
IT'S NOT REAL MONEY!!!
;-D
I closed UVXY positions this morning at the open for 69% gains.
"He's been into chemicals, pharma, etc... He couldn't be happier right now.." i've been into the 'chemicals' and a little pharma today toooooooooo. happy as a pig in shit i might add......
"He is already stupid deep in the money and can't keep the grin off his face."
And when they shut down the game, trapping his winnings, he'll blow his brains out like Jesse Levermoore. Keep stackin'
Leave that game to the likes that shorted AA, UA and Morgan Stanley before 9/11. Funny how the SEC seemed to forget about that...
That's good to hear. Towards the end of the trading day it looks like someone tried to do this but didn't really stop it from collapsing.
Is that like when you fall backwards and someone says, "Trust me. I will catch you."
could have been worse.. more to come..
http://hedgeaccordingly.com/2010/01/theoretical-spy-chart-foreshadowing....
-2,500 (sans interventions) is pretty freakin' bad dude.
a 20% correction from 18,000 on the DOW is 3,600 points. -2,500 will be the warm up.
I guess there ISNT a liquidity problem when the Fed/PPT can BUY BUY BUY while everyone else SELLS SELLS SELLS.
Dovie'andi se tovya sagain (It's time to toss the dice)
The Daily Economist
Not normal, just new normal.
In all of this turmoil one really has to take his hat off for Zerohedge. The amount of bullshit coming out from massmedia is just.... I don't know... But anyway, THANK YOU ZH!!!!
Agreed . . . I couldn't believe the crew at CNBC standing around crooning about the bounce back. Like who doesn't know where the buying is coming from - .gov They'll have to buy the entire market, like Japan and the best they will ever be able to hope for is a eternal sideways market.
Yeah like this fucking asshole prick being all proud he bought facebook and netflix SOOO CHEAP in the morning and he didn't want to tell at what price!
Fuck.
This was hard to swallow. But there seems to be a bit of justice out there.
But still: I really wouldn't have minded to slap the guy. I wish him a -50% meltdown on specifically his picks tomorrow.
Sorry for the swearing.
Normally I don't.
It's just all the beer today.
I get the swearing sentiments. I rarely do so it seems like when the occasion really calls for it and I respond accordingly, the online world dosent understand what just happened.
I think David Faber queefed in his panties around 9:34, he must have alot tied up in the "market"
Lucky ZH. I wish I could have someone who looks your avatar that grateful for me.
(And yes thanks ZH, we'd be hitting the hard stuff or dead without this site)
This will be gone soon as things update but take a look at CNN Money Page and main headlines
http://money.cnn.com/
* This is not the time to dump your stocks
* Why the Economy is Ok, even if stocks arn't
* $2 Gas is coming soon
* Don't worry about your retirement savings
* This fast-causal chain hopes to hire thousands a day
insightful
moving.
Uplifting
Inspiring.
Exhilerating
It is not just bullish...
It is bullshitish
Bullish !
This should scare off another million or so average Joe investors....
This should flat bust another million or so average Joe investors...
Just like billy ray was advised..
https://www.youtube.com/watch?v=dnqw13F7Lis
Picked the wrong day to quit bath salts.
Hope you have some barrels loaded to buy in. With the great deflation you are going to have a chance at very low phyz prices soon, assuming you can find it available. Once the CBs get their helos off the ground then it'll be to the moon and let real trading (bartering) begin.
I've been buying (a little) phyz this whole past month or year or so (?), and if the price drops, I'm buying more. In fact, I'm set to buy some more now. if it goes lower, buy more. Buy and hold. If it goes to the ground, buy a shitload. Follow that sucker under water.
You don't own it if you don't hold it.
Food and water, guns and ammo, gold and silver...
I suspect that there MIGHT be a temporary drop in prices (a last-ditch manipulation effort). Gold isn't being held down very well (The JPMORGUE is doing the silver still, though).
Gold Libertads, any weight, are basically gone from Apmex. At this point price doesn't matter. Can you get it?
In a corporate-fascist world, it's perfectly normal.
Why not make the same money going up and down (and up and down and up and down and up and down again and again) if you can?
I wonder how much money Goldman Sachs made for God today?
This was all caused by God moving to a cash position?
I knew a hooker once.
By her bedside, she had a copy of 'Prostitution For Dummies'.
Later, when we had finished business, she went into the bathroom to clean up, and I got curious and started thumbing through the book. Chapter 2 was entitled, "Why not make the same money going up and down (and up and down and up and down and up and down again and again) if you can?"
i refer you to today's Zero Hedge posting,
"In Less Than 10 Years, The Federal Reserve Has Driven Millions Of American Women Into Prostitution"http://www.zerohedge.com/news/2015-08-24/less-10-years-federal-reserve-h...
She was taking her time in there, and I walked in as she spread some VIX 'vapor-rub' under her nose (said she had a cold).
" I wonder how much money Goldman Sachs made for God today? "
' cept their god has horns and a forked tail
I hope nobody ate for at least 30 minutes before this ride started.
Looks like gravity won today. That's still an impressive drop.
In artificial markets, all is possible...and by aritificial I mean: non-natural, rigged, full of QE's without any recovery, all kind of Algos with frenetic goals
In artificial markets, all is possible...and by aritificial I mean: non-natural, rigged, full of QE's without any recovery, all kind of Algos with frenetic goals
I've always thought the markets will become more ' seismic ' in their nature. Market access, technology access = hammering the richter scale , shaking the money tree.
Think like Dick Turpin, and they should " stand and deliver ".
:)
BOHICA!!
(Bend Over Here It Comes Again)
JUST LIKE THE GYPSY WOMAN SAID!
Lmao... Love Archer!
Thinner! Thinnnner!
This reminds me of a song by 'April Wine'. This one's off of the 'Nature Of The Beast' tour:
https://www.youtube.com/watch?v=l38CIbuOPHw
If I still smoked big fatties, I'd be thinking about your comment for DAYS.
"Sign Of The Gypsy Queen"...
ZH's Tyler Durden(s) IS (are) the SHIT!
Wow, April Wine now that brings back some memories! Say Hello.
https://www.youtube.com/watch?v=Zw_DqUrK0EE
It's simple. All the wildebeasts attempting to cross the river on their migration suddenly discovered that it is infested with hungry crocodiles.
my my my... busy little bees them PPT fellas today.
....and china is on deck.
It's like if they would have let it go, it would have crashed 2000 points!
But the HFT comments do make a lot of sense to!
Robotraders just trigger a sell function once a stock drops to fast and HFT firms profit from it by increasing volatility which is shown in the Vix.
And that shit will bring everything down to zero if nobody turns them off.
And I'm not a doomsday guy so let's hope they're forced to turn them off once the markets crash another 40%.
How has smart money fared vs dumb money in this roller coaster of a day? I bet the former with their HFTs and algos and frontrunning ought to have made a pile.
Stop hunting fish in a barrel.
I need a barf bag....
So do we bet on red or black? Shit....
Betting on black hasn't worked out to well for the US. I'd bet on red...lots and lots of red, splattered all over the place
If you don't know who the mark is... increase your contributions.
Trump won't take it, and Rubio's fracking CANADIAN (and thus disqualified), so...
UM...
Jeb?
OH, sorry. I thought you were talking politics. 'Marks' and 'Shills', you know...
Bundlers are dialing now.
They can play this same game day after day for years using nothing but funny money and algos.
Eventually when humans give up (or die or run out of real money) the PPT will be the only players in the market.
And then they will buy and sell among themselves and maybe a few TBTJ like GS, slowly drive the DOW to 50,000, and every day parastically sponge off a little more economic blood. $1 billion or so a day at a time for as long as there is any real money willing to give itself up for nothing.
Nothing any of you can do about it except walk away.
Don't think so - the end game is control of all valuable assets. There will be a major crash at some point and GS and JPM and a select few others will own everything of value for 5% or less of what they are trading at today.
The digital money means nothing to them, except as a means to an end. Make no mistake, they will end up with most of the digits also, but only to give an illusion they are actually paying for what's left, LMAO. What a fucking SCAM.
Exactly. Cougar's comment points to the illogic at the heart of capitalist and economic theory, it believes itself to be an isolated system, but it is not. Printing would only work forever in that illogic. We live in an integrated and dynamic system in which infinite resource consumption and money printing is impossible. Entropy must always take into account other systems.
WTF is this capitalist theory that you mention and what does it have to do with what is going on these days?
Don't worry about him.
Putin got it right. HOLY SHIT, I can't believe I just said this!
There is 'nationally oreinted opposition' and 'non-systematic opposition' (old-school Communism [soft Socialism], and Totalitarian Socialism). BOTH decry the falsity of the infection that they have caused through Bolshevism (private central banking) by trying to confuse those who don't understand with jingoistic terminology that doesn't even EXIST any more ('free market capitalism' and such). The Rothschild family did it WAY BACK over in Britian (buying up the bank of England with the bullshit story that Napoleon WON at waterloo)...
MOST are too ignorant to recognize this fact (and are supporting the the cry for a differing system that makes the Straw-man argument that Free market capitalism still even EXISTS and is the root cause of the issues).
D'ya KEN, laddie?
Capitalism - ownership of the means of production by owners who are not workers at said enterprises.
Capitalism is the very reason for the existence of equities and a stock market. It has everything to do with what we are seeing now. Capitalism does not necessarily involve a "free market" - indeed, capitalism stifles any such free market by consolidating ownership and creating oligopolies. A free market is most ideally attained when workers own the businesses at which they work and get to keep the products of their labor.
They are very happy with you thinking that they want all of your things. None of these guys are about things. They have more things than they can manage already. What they want is you. You, working for them, for free. They want all your days and all your nights. All your lifting and pushing and pressing and plowing and investing and pinching nickles and dimes, and all your dreams. All for free. And all they have to do to get you to do things for them is to let you imagine that all your labor is for your own purposes. But it isn't. It is all for them. All for the game they run, where they set all the rules. They even tell you what it means to "win" -- that the winner dies with the most toys -- because they know you will work hard if they keep the goals simple.
I am writing a novel. It is long and consists of many parts some of them beautiful and others exceedingly ugly. Other parts are simply very sad. In one part of the story there is a point where people are huddled against the walls of a great city trying to find a way in, or to heroically die in the trying. They have little left to live for and can only focus on getting inside the walls. One winter night during a storm construction workers build the wall further out in a wide arc surrounding a large chunk of land and the people struggling there. Who then rejoice! for they are inside at last. And indeed food and shelter are delivered, and gifts for the children. It is Christmas day. Different men come along later and say yes it appears you won the lottery, we are here to process you as new citizens you will enjoy a life of safety and luxury if you just form an orderly line thank you. There is a human animal living among those people whose name is forever. She doesn't know anything about citizenship she only knows that she is trapped behind those high walls. The people are led off one by one to their new life but she doesn't go that way. No, forever resists. And then, she fights. She fights because she is an animal, homicidal and perfectly predatory, and forever can smell the killing that no promise of distant wealth and comfort can blind her against. Indeed, the people are being taken away and their bodies vivisected, to become citizens sure enough but different people than they were originally, their essential internal organs used to keep richer people -- people who really matter -- alive longer. Mysteriously everyone is happy in the end; the rich live on seeming forever enjoying their rich lives and great wealth, and the simple people end their eternal suffering and by degrees became better people living in a wonderful city. Although of course living only as organ transplants, but that must remain a minor detail. If it matters at all I will reveal that forever ends up eating a great many of them, ironically eating them alive. Because that is what forever always does, consuming all life. She can't really help herself, that way. And seriously, what would you expect from the destroyer of all things.
To quote forever, from a happier time; Breathe the sweet air. Drink the sweet water. Eat the sweet flesh. The sum of all these things is pleasure.
forever sounds like an absolute bitch - waiting to meet compounding interest on the path to infinity . . .
Compound interest is a numerical parasite. And parasitism in that and other forms (there are a great many) is another major theme of the novel. But I won't discuss that part here except to note that in the story humans would not be the pinnacle of evolution they feel themselves to be except for a peculiar and invisible (to them) opportunistic parasite.
I might never manage to publish the thing, but I've already greatly enjoyed writing it.
I would read it.
All very, very true. The entire debt-backed money system and stock market are a means for a few wealthy and well-connected individuals to gain control of the economy and drive out all others.
It is not us who are wrecking this havoc.Our markets were strong and the economy on the mend.Damn!! those chinese and the rest......
They haven't learned what we have preached and taught.....
Behold the finishing Head & Shoulder pattern that will continue the plunge.
The most powerful computer engines in history are running the algos. No. This is normal.
The bigger the pump -- say from the Lucifer Low on the SPX in March of 2009 to today, courtesy of the Fed -- the bigger the dump. The technical setup I look at goes back to 1932, so unprecedented ranges -- that make the ranges of '08 and '09 look sophomoric -- should not be surprising today and going foward into this fall's full-on crash.
Yeah, Its "normal" when the broken market Rachets higher on vapors for years... Its not normal when the Broken Market breaks south instead of north, on big volume in big chunks... Go Figure
A lot of you people need a little bit of education, in the interest of making you more demagogue-resistant.
You think that economic collapses are abnormal, that famines are abnormal, that wars are abnormal, that mass kill-offs are abnormal. They're not.
Read a little history, and bone up on a little archeology, please. And you'll find out that, for the human species, these are wholly and completely normal events.
Yup, what we are experiencing is not the normal human condition. Figure that it was typical throughout human history for ~1/2 of all children to be dead before turning 5. There have also been more nasty plagues than just the black death. The plague of Justinian is one such example. That wiped out ~25% of the Byzantine empire. Had you gone to Europe in 600AD, you would have felt rather lonely.
http://www.denk-bubbles.com/party-time-bitchez
traders asking Yellen what she gonna do
Mean time metals have been capped... got to hand it to these folks. When you own the media, .gov, and the military, not to mention the fastest algos, anything is possible.
Sit back, sell a few more baby body parts, snort a line or two, and suck down a cold one. What could go wrong?
Someone here is 100 percent insane. Maybe it's me...
God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the patience to not play into the hand of my enemies.
I am drinking a bit more than I should. Just bought the boy a truck for 60 k. He's been a good kid. I promised him a new car when he finished law school a decade ago. He's done everything right. Great wife, beautiful kids. Goes to work every day. What the hell, never saw a uhaul behind a hearse. Sorry so many lost so much. I lost mine in 07 and 08. This one is not hurting me unless the whole house comes down. So, i'm going to hide and watch.
. . . and when you own the printing press -- don't forget that one.
The printing press... God help me, how could I have over looked that one!
"Sir, what you have is a clear case of HFT market schizophrenia. You will recover, but not before a 50% weight loss. You've become too fat on other people's money."
Why don't we start a rumor that Tim Cook says that he never sent Cramer an e-mail?
Note to self: Make sure all Apple's servers are replaced by 5 pm today
Well, at least volume's up.
financial warfare.
The man/men behind the curtain is about to get his curtain torn down permanently!