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A Few Examples Of Just How Broken The Market Was This Morning
With 4,500 'crash' events this morning, we thought it worth surveying some of the carnage that 'liquidity-providing' high-frequency scapegoats left in their wake at the open...
In some big ETFs:
And some major individual names:
Aside from the above, it really is all about the fundamentals, we "promise"
Charts: Bloomberg
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No manipulation here folks, move along....You would think they would atleast make it look somewhat realistic.
Most truthful thing I've ever heard Cramer say. When asked why the market was down so far so fast, he said "it's machines and algorithms"
which is precisely why they simply pulled the whole plug last time.
Fundamental keystrokes.
And right now you are witnessing the power of the PPT
And there's plenty more where that came from
The efficient market fairly tale isn't even told anymore. The new reality is "fuck everyone else in order to preserve .0001% more profit for me." Progress.
more likely, you can take the reciprocal and add a 9 exponent to that number, for the .0001
but you said it in the right spirit , so +1
"Was"??? Past-tense, really?
Long DTRUMP comb-forward
Note how the dollar flash-crashed along with US stock markets. Every time the dollar has gone lower in the last several days so have stocks. So what happens when QE4 happens?
FUBARed stocks.
The Fed will do nothing.
No, they will cover their ass.......
She had no problems with the housing market bubble until long after the event so I don't see why she'd be any more prescient this time.
They are just figuring out where to close it at today.
Open was chaos, but soon after the time out all the indices magically shot up and now are in a tight pattern.
My guess is ~2% down for the three.
Can't have an even day as someone might ask how you can be 1k points off the low.
pods
You and I would ask, but these morons in the world have no clue that the market is even down today much less Friday. I actually was hoping to see a market close before open and not reopen. Thats the show I really wanted to see. Still have tomorrow.
Well, it seems I might have underestimated the "resilience" of the market, as it is approaching -2% and it isn't even major ramp time.
Oh well.
pods
It is moving up again on low volume. Just remember they can only play this game for so long. This is just a taste of what is to come. I am still a believer in a September crash.
A fighting retreat is hard to accomplish and remember this is only Monday, so four more days of it and then on to NEXT week......
Its about you are either a member of the satanic ashkenazi tribe or not. satan apparently offers a great pension from what I can tell.
Nothing to see here, just your typical muppet raping.
Significant only to those who got stopped out...so now many pension funds and investors will exit gracefully later this week from the "markets".
Get cash or get SRTY.
Watched GE and JPM go way below -10% this morning...in the Manic Monday Twang.
It is a or "the" wakeup call of 2015.
It is not rape when you consent to it -
Did someone force people to buy stocks?
No, but of course when they bought stocks they assumed that the stated rules would be followed.
Your line of thinking places blame on the clients when say, John Corzine raids their accounts to pay off his bad bets.
Stuff like that.
pods
Not sure how Corzine fits into this thread - but yes he is an ass hole of epic proportions.
What stated rules? That the market can only go up or its not fair? The same market has been around for years.
I am not placing blame on anyone - but if you go out on the field to play football then you lose the right to cry about it when someone tackles you.
If when the market drops you call it rape - then what do you call it
When the market goes up up up up up ?
Its all good when the manipulated market does nothing but move higher - but its ass rape when it drops because that isn't fair.
Give me a fucking break -
"Did someone force people to buy stocks?"
Yes. 401k. Duh.
Did the HR manager hold a gun to your head and force you to select the aggressive growth stock fund?
Be an adult and take responsibility - again sort of like my comment above - when you 401K is going up 15%+ every year no one complains about being ass raped - but a drop and all of a sudden it is someone else that is cheating you based on a rigged system.
The system has been rigged for years and years - if you accept the good then be a man and accept the bad - or put your 401K into the money market option and stay away from stocks.
Yes. By taxing dollars now, and offering incentives for an approved retirement account.
I know many people that refuse to participate in IRA or any other tax sheltered retirement account.
It is still a choice -
When your IRA goes up 25% you don't complain - but when it drops 10% you feel cheated and ass raped.
It is the same rigged system either way - you accept the gains with a smile then cry when things drop -
A$$ raping is not the consentual sex folks were expecting.
I figured out 20 years ago that the markets were rigged - anyone that has not figured this out by now deserves to be ass raped.
If you go into a bathhouse - get naked - and bend over and spread your cheeks apart - you lose the right to complain when someone fucks you in the ass -
But this is more like you go to the bath house everyday and spread your cheeks apart for 5 years - someone fucks you in the ass every time and you like it (market goes up up up) - then you find out you have AIDS (market drops) and you complain that you were raped.
Yeah! Still, its fun to complain about something other than the weather. Especially at a family get together...
Brother in law: "Boy we got a lot of rain this summer! The yards a mess!"
Me: "Yeah you think you got it tough?? I got assraped by a big black coon down at the bath house!"
The real damage is this will blow out all trust in these Markets.
If it was all machines crashing the market today, it will be all people doing the same for the next few months, trying to salvage some of their retirements. its called panic selling and we have not even gotten started.
If people are ever allowed again to place orders then I would agree. Right now you have someone making the order entry system look like a strobe light.
We're in a desperate need for a distraction. How about the Nobel committee giving Obama a prize for "Economics".
Doubtful, considering this:
Thorbjorn Jagland, chairman of the Nobel Peace Committee, said that US President Barack Obama “should really consider” an immediate surrender of his Nobel Peace Prize Medal. According to the Swedish newspaper Svenska Dagbladet, Jagland, accompanied by four other members of the Committee, said that they had never asked for the return of the Peace Prize before, “even from such a war criminal as Henry Kissinger.”
http://journal-neo.org/2015/08/20/middle-east-two-approaches-to-the-reso...
I want to invest in "machines and algorithms"...I believe they best understand the fundamentals of market pricing...and yes I want the fastest machine possible...I want to make some "mad money"...anyway it is easier than farming...
farming?
also "machines and algorithms" now
Anybody have an accurate feed on what the market is actually doing? Bloomberg and Yahoo are reporting the DOW a couple hunderd points apart, and it has been like that all morning.
have fun
http://finviz.com/futures_charts.ashx?t=YM&p=m5
I don't know anything. So were people actually able to trade JPM or AAPL at those lows? HFT only? Or did those trades get cancelled?
We're seeing some of these orders execute. The exchange isn't busting some, see my comment about BKCC, some lucky "traders" are nailing 10x gains to the wall purchasing BS halted prices.
BKCC traded 54,000 shares at the bottom of 0.79 and was then halted. When it came back it was 8.88. Whoever snagged that bottom trade made friggin' bank. Lots of falling knives today, especially on the sell-side with all the halts. People are getting raked over the coals to keep this price up.
thats a great chart! $1.
almost as bad was RSP. 75 to 50. Now 73.
< S&P higher for the week by Friday close.
< S&P lower for the week by Friday close.
Crude is at 38.39 when does the shale ponzi blow? There was another explosion in Japan (#2), Russian and China are in the midst of a huge military drill, some Israeli fighter shot down, we have a market rout and gold is down a dollar. Hilarious!
Castles made of sand slips into the sea, eventually - Jimi Hendrix
Dow now down only -240 (11:52 est) .... PPT is trying to juice the markets just before the sheeple check their portfolios at lunch time.
Space-age "liquidity providers" take advantage of opening market sell orders, entered at 6:25 before retail headed off to work, and stepped aside like Lucy with Charlie Brown's football. before magically noticing institutional buys, coded w/ the special "at 9:37" order type we see regularly, though largely unavailable through TD Ameritrade.
Too the tune of loony...
My stock was at 24.62 Fri. I had a limit order in at $24.20 then I saw the overnight news and dropped it to 23.80.
Market blew right through that and hit 19.95 before correcting to $24.10
I saw my life flash before my eyes, all within 20 minutes.
You shouldnt gamble.
Only the bank wins.
We wus (yeah, spelling) playing softball this morning (old guys in Florida). The sun was shining, we finished our games and went home for lunch and naps.
I'm told I lost a $1million again. I don't think I'll live long enough to deduct my losses at $3000 a year.
Do I get to deduct $3000 for each year of losses?