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We Now Know What Happened At 6:12 AM This Morning
In a day in which the total breakdown of the market and the sheer dominance of various HFT algos was painfully obvious for any remaining carbon-based trader forms to see, we started off with not one but two E-mini trading halts following ridiculous buying slams.
This is what we asked first thing this morning:
Anyone waking this morning will glance at US equity futures and happily note its unchanged-ness relative to weakness in Asia overnight. But behind the scenes of the last 12 hours was a total and utter farce of price discovery failure. S&P 500 e-mini futures have been halted twice (0551ET anbd 0612ET) in what one market observer exclaimed "looks like manipulation to me." So what exactly happened at 6:12am?
We now know.
As Nanex shows, what happened at 5:51 am and at 6:12 am, the ES breaks were nothing more than an aggravated case of HFT spoofing - the same infringement which will likely send Navinder Sarao behind bars for years - which first sent the E-mini soaring higher so fast, it broke the velocity logic circuit, and then it smashed the E-mini lower.
Here is the first spoofing instance, which prompted Eric Hunsader to declare the manipulator "busted." Indicatively, the entire move amounted to just about 20 S&P points on the way up, or about 0.4%.
And the second one: what goes up must come down.
In summary: what we do know: a nearly 1% move up and down in the S&P due to blatan - and illegal - spoofing manipulation; what we don't know: the identity of the spoofer.
What is certain: if the culprit is a central bank or one of its trading agents like Citadel, the CFTC will never follow up. If it is some Indian living in his parents' basement in a London suburb, you can run but you can't hide.
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some more of God's work?
I knew at 6:12 this morning...and yesterday. Fraud.
It happens all the time in these pinnings of prices.
RIPS
They're stealing money. The vaunted regulatory state should do something.
The SEC will investigate as soon as they finish watching porn.
FORTY TWO!
Forty-six & 2...
Bob sat lethargically at his desk (like many days recently) and for a moment, as hard has he had resisted for so many years now, the thought of retirement and the visions that one would expect flashed through his mind. Suddenly, his head exploded!
I think I found the three letter ID code of the guilty party:
F-E-D
..U-P
F-E-D-U-P_F-U-C-K-E-D-U-P
There is no reason why spoofing should be illegal.
The spoofing orders are fully exposed to LARGE marketable orders.
If spoofing WAS legal then one thing is for sure... The markets would be more liquid as everyone would be constantly spoofing both sides of the book.
Legalise it.
Wonder how the PPT would feel about spoofing to the downside. They'll go all China on their asses.
Illegal trades? huh. FUCK the .GOV.
More data mining/modeling for the full neural net takeover by the central planners hologram plan. A flash crash here, an airline booking platform there, a power outage or a false flag,or a simple excercise like FaceBook spoofing 700,000 users to see how the moodgeist can be manipulated. Fully monitored in all domains to feed base data to Jade2. Assume all the FED banks, markets, and regulators databases are linked and can run active pre-modeled scenarios. Repost because of it's significance:
"Apparently that's called Jade2 D-Wave Quantum Computing NetworkCentric control. Assume that the entire market top to bottom is now in virtual reality. Fully hijacked. Look at the 'job numbers' yesterday. Fiction inventivism. Central planners ARE GO! Anyone who refuses to accept it, will from now-on, be eliminated. This interview is a cracker. Look down on the right hand side of the the paste the the orange CTM logo (Caravan to Midninght) embed, and at the top RH corner. Text says subscribers only but I got it to play from the almost invisible bar on the top of the embed. Episode 309 and 364. "
http://level9news.com/
But no, gold is not manipulated.
25 or 6 to 4
Oh, Dude; you beat me to it...
You would think they would at some point get tired of watching "Hole Stretching Grannies" - Volumes 1 - 15, and do some work.
Wait, some millionaires told me that they were providing needed liquidity in the markets......
They're stealing money. The vaunted regulatory state should do something.
They are doing something. They're the people that are stealing the money. How else does a Freshman Representative or Senator become a Millionaire in his or her first term in office?
um, by giving speeches? Or does that only work for former presidents?
Why? It isn't the state's money.
It does beg the question who is on the losing side of all these trades. Muppets have no significant money. Other HFT's? The Fed as back door QE? The PPT? Who has unlimited funding to keep being the patsy on the losing side of each transaction? Seems like a much bigger version of Hillary Clinton's commodity trading wizardry.
Possibly skimming from people who are indirectly in the market through public and private pension funds? Annuity reserves? Insurance reserves? Mutual funds?
Last I heard (on the following subject) CONgress legislated themselves a law allowing themselves to legally enguage in insider trading.
It's good to be the king
… God has more class.
dude...re calibrate your sarcasm meter. This comment was written when the dial was on eleven.
It might be Hillary's computer server in her basement! Just a guess!
Just BOJ or some other untouchable getting some money back for when they rip the Yen. 95% correlation there. It's a great trade and the fines are so small, it's worth it.
God's work tends to often end in '666'.
My bet: No follow-up.
Appears some of you bible thumpers aren't aware of my reference to the 2009 SP low, or multiple other areas that 666 has shown up.
Apostle Blankfein? An Apostle of Satan.
some more of God's work?
something like a reverse God Rod?
the old "cock and balls" formation, very bullish
Is that a quote from Maria Bartiromo?
adam sandler
Good one, lol!
Look closer please it's the "cock and wrinkly balls" pattern
OT: A California Love Story
A man was lying in bed with his new girlfriend.
After having great sex ... She spent the next
hour just rubbing his testicles ...
Something she just loved to do.
As he was enjoying it, he turned and asked her,
"Why do you love doing that?"
Because ... She Replied ...
"I Really Miss Mine"
Remember I told you it was California
Hmm. 5:51. That's 11. And 6:12. That there is 9.
Hmm. 11 and 9. Those are intriguing numbers. Maybe there's something about them...
Your on a roll today
That is why he is a Tsar, and not a lowly Colonel or Captain.
I beg your pardon!
Youz vill be zent to ze firing sqvade!
ve vill zent ju to ze ruzzian front
Woody Allen said that the Russian Revolution happened because the people woke up one day and realized that the Czar was really the Tsar.
https://m.youtube.com/watch?v=X5cQcmAtjJ0
Oh Ninety Nine...
https://www.youtube.com/watch?v=vyLoEPQxy3I
I don't necessarily take numerology seriously, but while you've brought it up. You know that last bottom in August had the DJIA at 15,666.44.
15- the year
666- number of the beast
44- Obama is the 44th president.
Just something to think about.
I always figured repeating numbers would be the best way to send a message or signal. Guys in the pits always make a lot of noise when that happens and I have yet to hear explanation for that.
The message was green light shooting tomorrow in Virginia at latitude 37.145 n longitude 79.666 w . Charleston shooting was at latatude 32.47 n longitude 79.555 w. Chew on that. I call the next shooting somewhere along longitude 79.777 w
They are using the dow as a form of the shortwave numbers station.
https://www.youtube.com/watch?v=uhIEfxRLiPI
Try 14,666.44 for Monday - -14 represents the Monday date and the day after Shemitah. The party begins tomorrow. 14,000 by the end of next week after interests rates are finally raised. I'm finally calling the crash. DOW 12,000 by November -
DOW 1,200 by November would be a solid crash, one I could get behind.
And $100 silver by June 2016 !!!
I'm waiting for the Shmata.
"Don't forget about me!"
Signed,
The Economist 2015 predictions cover
How can we forget Alice on the cover and the portal Lego is coming out on the 27th. The eConomist predicted Legos!
" what difference does it make "
yeah, like it matters
Good question.
https://www.kaggle.com/c/hillary-clinton-emails/scripts
Hey, will my brokerage allow me to submit some big fuck orders but then rescind them? I wanna be a spoofer.
why cant i be an Indian dude and live in me mums basement in London and know how to move the S&P up/down 1%
You guys still follow this shit ?????????
It cracks me up that these finance experts are "nimble" enough to commit so much fraud in the blink of an eye. Yet, if a muppet gets spooked and decides to bail out of a 401 or IRA it takes weeks to process.
Hey hey hey guys....This looks like wrongdoings by evildooers...We'd better get out Govt. on it right away!
I was watching this live tick by tick as it happened. Was just about to enter a trade. Was really incredible.
Trading the stock market these days is about as popular as MSNBC.
round up the usual (brown) suspects.
If you were a junior staffer at the SEC and you're reading Zerohedge, wouldn't you be going to your superiors and saying "What the Fuck are we doing?" Then you get the speech that "computers aren't perfect" and as a result there will be "trading anomalies" from time to time, but the "industry" is trying to address the issues. And important, the "liquidity" benefits provided by HFT outweigh the harm of ad hoc trading anomalies which occur from time to time.
When you ask further questions, you're probably told that if you just STFU, you're likely to get a job on Wall Street and make 3x more money than you're making at the SEC, plus stock options and bonuses.
...Then you will be "promoted" back to the SEC so you can tell some junior staffer .....
Yep, game over for da Fed. ^^^
liquidity is now defined as the fluid that flows when the DMMs step back from large (and bad) volumes coming their way and piss on them as they pass.
The market makers are only helpful when they are not needed. When trouble comes they shriivel up and hide.
"Oh ....we are just not big enough to stop that avalanche"...they mutter while whipping out the piss schlong..
If you were a junior staffer at the SEC and you're reading Zerohedge, wouldn't you be going to your superiors
Not if you like your job.
Gadzooks Jr !!! Well spotted. Part of your reward is this lovely new office. Look at the view! And the windows even open. Just lean out there a little bit and you can see the river. Que the HR people running an AD for position available
HALT, Oder Es Wird Scharf Geschossen!
Why are not the USSA's enemies taking advantage of the tools given to them on a platter. They could kill the market with a mass well coordinated spoofing episode from oversees and no-one could touch them until it was too late. Not that I am hoping for this but those algo's have to go before they are used to an evil end.
Open your eyes and observe carefully.
Countries are a distraction.
The ultra-rich, wherever they were born or live are all part of one criminal gang.
The psycopaths running ______ - fill in the blank, are stealing from the hard working population of _______ - see previously filled in blank.
Simple once you figure it out.
__________ = 'the world'.
One thing though: they do not 'run' the world. They get to live parasitically off the productive elements of the world, but only because the productive elements still believe in a series of easily-disproved lies - both on the upside ('representative government'; 'the common will'; 'the general welfare'; 'the good of society') and the downside ('no state means marauders will steal your shit'; 'who will build the roads?'; 'You didn't build that').
In this, the average member of the productive classes is no different to a mediaeval serf: mediaeval serfs were likewise being mulcted through a series of easily-disproved falsehoods ('The king rules because god wills it'; 'heretics will usher in the kingdom of Satan'; 'doubting orthodoxy is valid reason for us slaughtering you').
The key differences: the mediaeval serf's 'burthen' amounted to 60 days' labour - and that included his rent and the rent on the land he used. He was never subject to conscription (he never had to send his sons - against his and their will - to fight and die for the ruling classes); he and his land were both also hors combat (i.e., mediaeval war did not involve large-scale civilian slaughter - at least, after the Albigensian Crusade) - they could not be attacked, nor additional taxes levied nor output taken - by either side in a wat on land that included his.
We have obtained vast additional freedoms in the last 400 years: but at the end of the day, there is still a gigantic layer of bullshit-artists - sociopathic megalomaniac cunts - who live in palaces purchased at our expense... and these days they get to spend more than they steal from us, and foist the burden on future generations.
This shit does not end until we peons get up on our hind legs and start putting their heads in baskets.
Good work Nanex and ZH.
MM's, nothing to see, move along
Let's hope there's lots liquidity available in foreign exchange during the interest rate decision.Here are some examples liquidity issues in foreign exchange:
http://www.voxeu.org/article/dark-side-foreign-exchange-liquidity
SPOOFING? “What? Like with a cloth or something?”
If you are invested in this "Market" today you're a brave soul. I know what happened at 6:12 this morning too...I was on my way to WORKKKKKKKKKK!!!!!!!!!!!!!!
May they all choke on their ill gotten gains.
In this market it is not investing, it is gambling.
25 or 6 to four Chicago.
Did you know they wrote that song in their bus, and they were deciding whether to take the 25 highway, or the 6 highway to the Four freeway? thats what I heard anyway....I wonder which one they chose? :-)
they never did choose... they all died in a fiery bus crash and as they were dying, they wrote "Oooh that smell"
Here are some more signs of a coming recession.
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record...
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
http://www.zerohedge.com/news/2015-07-27/when-will-we-ever-learn/
Here is how to respond.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
Fuck – how should I put this exactly? – you.
LOL....I have no problem with kelley, but that was fricking funny tinky.....fuck - how should I put this exactly - YOU! l friggin ol
(0551ET and 0612ET) = 11 / 9 (5+5+1) and (6+2+1)
Tomorrow is 9/11
6:12 = 6: 6 + 6
Sometimes there are too many coincidences.
Come back November 9th and let us know for sure.
Put Danny Werfel in charge, he'll fix it (not).
That LYING ass two faced little shit should be behind bars.
THE NUMBER OF THE BEAST IS 6:12 !!!!!!!!
I've spoofed a couple times at 6:12 am but man that looks like the wife walked in
Look at the two charts that show this action. Then tell me we have a market. NO, there is no market, there is only a fake computer driven video game called "steal 'em blind". Hey, remember how you were told the best place for pension money is in the market!
I was passing near Navinder Sarao's house and decided to have a drive past. LEGEND!
No way he should go to jail. He should receive an award or something for outwitting The Wall Street scumbags.
Correction: these are not "spoofers," per se, but wash trades, the new and potent form of "spoofing." You will see a massive spike of cleared trades at the start of each move, as a single HFT was able to get on both sides of the market during the premarket lull and trade with itself to move price to collect on the stop out of weak-hand discreionary traders. The subsequent move opposed (here, upward) is itself triggered by a wash trade back against the first one. This is how the HFTs make money: they make a market, trade with discretionary traders, and when they accumulate a sufficient position, attack via wash trade to cover at profit via forcing stops. The tactic is "covered" because these are two strats at the same HFT, one on each side of the market. The moves are always paired, so each strat ends each day flat futures while flush with cash. When confronted, the HFTs deny their strats talk to each other.The genius of it all is to realize when you trade without intraday margin constraints (thanks, Uncle Terry!), when you are long if you keep buying you will end uip flat and full of cash, and vice versa. The design of these systems is spine-chillingly simple.
I didn't entirely follow that but maybe I got the idea.
Gain without work. Immoral.
YES. applaud you to educate the Zhers on the real world of trading. The trading desks (except those in the constricted TBTFs) are game parlors. Not trading at all is a wise option for the Preys. If you want to trade do not pay the retards (financial advisors with their realms of economic/market spins,etc). Just an illusion of Trust; they too dumped on you their institutional bad positions. Don't believe me...go research and you find these JPM, Citi, Deutsche, etc run smaller proprietary trading books and fear to be market makers. Their forte is in engineering the next 'rigged' market. They are laggards in Algos.
the blacks did it... :-)
Interesting. Thats right about the time I passed out and woke up 2 hours later, with my head on the keyboard.
So, manipulation is now illegal? Say it ain't so.
i can think of two possible perps both of which have the initials G.S
Three, so does my plumber.
I did it, but she told me to do it; so I did.
What really happened was a bad snap of space weather. See the comparison between the bid DJIA drop and the space weather impacting earth. http://wsf.typepad.com/wall-street-forecaster/2015/09/oss-nightly-stats-...
You can watch it and the market daily over hear: http://www.oss.cc/tradingroom/emini_reversals_live.asp?passcode=D74RE51
Been following this for years after I read the Federal Resever Bank of Atlanta published a study on this correlation.
Space weather goes bad, trader start selling like trained rats.
This is a test of the anti-volatility system. Halt it too much up and halt it too much down. RESULT=Market goes up.
If zero hedge doesn't know this by now I'm surprised.
One for the numerology: it indeed looks all scripted.
https://pbs.twimg.com/media/CN0neyEVAAAQuqQ.png:large
Or there's is this recent one, haven't checked in depth though (or generally the 9/23 stuff).
https://www.youtube.com/watch?v=ortSqwDFKLE
Or check out these about flight MH17:
J4ZJ9Dh5KGQ
_HKMDdAH14U
BpupSpnFsHU
Ridiculous stuff, like
- the 17th prime number (for MH17) is 59
> the 370th is 2531 --> 2531 + 59 + 17 + 370 = 2977: the nr. of victims on 9/11
- victims of: MH17: 298, MH370: 239 (-> also 9/23) --> 298 - 239 = 59
> i.e. 59 = 17th prime (also, July 17, 17th anniversary of its maiden flight)
- MH17 was the 84th Boeing 777 built, MH370 the 404th
> 84 -> 8/4 obama
> 404 - 84 = 356 --> 9/11 flight numbers: 11 + 77 + 93 + 175 = 356
- HW's NWO speech: 9/11/1990
- Ukraine's independence: 8/24/1991
> difference is 347 days, 347 = 69th prime
- flight level of MH17: L330
> 330 + 17 = 347 = 69th prime
Must be just random coincidences. So who's doing this? My guess is a kabbalistic jewish elite house of Rothschild kind of cabal. Hollywood might be a center also. There're also some other Rothschild connections to these planes. Including the ownerhip of Malaysian Airlines, Freescale employees on MH370, MH17 crashed near the Yozovka shale territory owned by Royal Dutch Shell. The plane came of course from Amsterdam, the black boxes were shipped to London. The Amsterdam Schiphol Airport has some deeper links to Israel, the security is being run by an Israeli company and it's also a weapons transport hub. Israel is obviously Rothschild.
There were also some theories about the Israeli-Ukrainian oligarch Kolomoisky.
Then, the Netherlands got some gold back from the Fed. The Dutch semiconductor company NXP bought Freescale. The Blackstone Group (one advisor is Jacob Rothschild) left Russia. Soros can be linked to Rothschild from early hedge fund days, and is obviously involved with Ukraine.
I'm covinced! You're an idiot.
so what made you emotional
^
The bolsheviks murdered the Romanov family on July 17 1918. (Pretty clear, the bolsheviks were financed by the money interests.) One of the most infamous bolsheviks was Ukrainian Jew Lazar Kaganovich. Victora Nuland and her husband Robert Kagan are jewish, neocons. Neocon is also a jewish thing, even with communist roots.
Firefighters, Architects & Engineers Expose 9/11 Myths - Official Trailer Movie release date: September 11, 2015
Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://whatreallyhappened.com/#ixzz3lPA5mayg
The emperor has no clothes
When Jo public wakes up to this shit heads will roll.
What a load of bollocks
OK, for the umpteenth time: houses in Feltham TW14 (which is near Heathrow Airport) in the glorious London Borough of Houslow DO NOT HAVE BASEMENTS! This poor unfortunate man who has been made a scapegoat to conceal the crimes of others probably worked in his bedroom or in a converted roof space/loft. That’s Brit. Eng. loft which means the space underneath the roof of a house.
Please stop saying he worked ‘in his mom’s (Brit. Eng. mum’s) basement’!