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What Happened At 6:12 AM 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?
"unchanged"
As Nanex's Eric Hunsader exposes "looks like manipulation to me..."
It appears the "markets" are starting to run our of excess room for th evarious central bank manipulations to take place without being utterly exposed for all to see.
As Nanex notes - liquidity has disappeared...
eMini getting tossed around like a rag doll. We're nearing lord of the flies territory: $ES_F pic.twitter.com/87TlFo9zl6
— Eric Scott Hunsader (@nanexllc) September 10, 2015
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totally broken market
physical bullion only for me !
If you don't hold them, you don't own them.
Own???????????????????
6:12 is 3612 seconds after midnight
Which when divided by 86, which means "sold out" gives us..
FORTY TWO!!
So there's the answer...
To Life, the Universe and Everything as well..
Meaning of "86" for the uninformed : https://en.wikipedia.org/wiki/86_%28term%29
And you think I was kidding...
I thought 86 meant "toss the bum out the door". At least that's how it was explained to me when was 86ed at the bar the other day. They let me walk out, thanks for that.
You're not that wrong there cause according to...
"Klein's 2006 book The History and Stories of the Best Bars of New York tells the story that, when the police would very kindly call ahead before a prohibition-era raid, they'd tell the bartender to '86' his customers, meaning they should scram out the 86 Bedford door, while the police would come to the Pamela Court entrance"
Getting thrown out is close to that idea.
BTW: S&P FUTURES JUST BROKE BELOW THE SUPPORT LINE OF THE CORRECTION PATTERN STARTING AT THE AUGUST 24 MORNING LOW:
http://www.investing.com/indices/us-spx-500-futures-streaming-chart
So eat your Wheaties, put on your helmet and fasten your seat belts cause this could be BLACK THURSDAY!
I need moar coffee..
To me it's don't worry when the Dr. farts and they then check themselves into the hospital, it's all good then.
I think its more a lack of liquidity out there than anything else. But yes, whoever is in charge of the PPT futures trading desk should do a better job at this....its becoming blatantly obvious the entire financial markets is a gong show.
Whoever is in charge of the PPT futures trading desk should be executed publicly for Fraud & Treason against humanity. There. Fixed it for you...
6x6x6 = 216 = 6:12? The Shadow knows (maniacal laughter)!!!
My Navy boot camp company in '65 was Co. 216, Hall of Fame. That explains it, thanks.
No worries, me hearties, SHEriff Lolly Lynch is on the trail of these rascally wrong-doers!
http://www.cnbc.com/2015/09/09/justice-department-sets-sights-on-wall-street-criminals.html
I'm not worried, the SEC is on the case and the basement dwelling traders will soon be caught......
I thought 86 was an agent working for CONTROL...
99 as well...
:o)
My favorite is "69":
69. Permissive Control Device is generally a two-position, manually-operated switch that, in one position, permits the closing of a circuit breaker, or the placing of an equipment into operation, an in the other position prevents the circuit breaker or the equipment from being operated.Joe who own da chiefs? Owwwwnz, owwwwnzzz.
+100 for Slapshot reference
Who has the conch?
I assume us muppets are taking the role of Piggy?
@CrimsonAvenger
Don't we always?
Or Ned Beatty in "Deliverance."
Squeal like a pig!
https://www.youtube.com/watch?v=pRxUbv90lLI
Squeal like a pig!
https://www.youtube.com/watch?v=pRxUbv90lLI
dur
dur dur
dur dur
dur
dur dur dur
dup
He had the hardest part
ROTFLMAO
Buster Cherry!
or is that Cherry Buster?
Sea shells and shiny stones exchanges in TURMOIL!!
http://www.truth-out.org/media/k2/items/src/7e8ad40a92f8b3a1a7ec2636aec8...
Long physical lead over here.
Investing in brass and lead is the only way to go.
I had a dump..........so did many others
Anyone still in the market ? Go to Las Vegas or Atlantic City at least the mafia will not give you a 1099, if you keep your winnings under the radar.
https://www.youtube.com/watch?v=ortSqwDFKLE
This is an excellent breakdown of the Gematria (Number magik) these bastards are casting including the recent market "moves" and the upcoming date of 9/23.
Bitch Better Have My Money.
Stop using the word "market". It is all a rigged casino with unpunished banksters running the scam. We get what we deserve as long as they go free.
Central Banks have accounts with the CME to help rig the system. There's ur answer. Surely it was the Japanese.
Manipulated? What else is new?
Manipulation..?...Nahh....not possible....;)
/s
The Govt: Your tax dollars at work! :) :)
Thanks Nanex for the chart porn.
Follow him on twitter. He post charts all day.
If the money manager thing doesn't work out, he could sell a lot of t-shirts with full-color Nanex graphs on them.
=÷! $@+×÷$÷÷@!!==÷#^_%_&£*£¥*_%=÷×
Damn Q-Bert!
I see you're a Perl programmer.
Personally, I always preferred Ruby to Perl.
Nothing to see here!!........Move along.......nothing to see here!!
So the only traders left in the market are the PPT and the automated computer programs?
Shouldn't everyone cash out their 40lKs?
corporate buybacks and the criminally insane(Soros et al) are still there also
Pension Funds and Hedgies desperate to make enough return to keep the doors open.
the market = volatility
volatility = trades
trades = the market
investment is for suckas
Yes, Liquidity is a programming variable.
Their continuous interventions only serve to make people consider other alternatives which makes their situation even worse, downward spiral feedback loop
Nailed it !
so was the money made on the way up or down or both? You have to be in the clan to know
Wow..computers turning on one another/?
Yep, and one day computers will turn OFF one another...one last time.
The Dragon is eating his Tail.
The words the fed fears worse than a roman does the name Hannibal . No Bid
What Happened At 6:12 AM This Morning?
Isn’t obvious? PPT!
The problem is that sometimes they get a little ‘over exuberant’ and put in too many orders at once to get the price up. That early in the am they probably hadn’t had a chance for their morning coffee and do the manipulation properly so it wouldn’t be so obvious with trading halts due to imbalances they were creating.
Just a disturbance in the Force.
Transitory.
What Happened At 6:12 AM This Morning?
Isn’t obvious? PPT!
The problem is that sometimes they get a little ‘over exuberant’ and put in too many orders at once to get the price up. That early in the am they probably hadn’t had a chance for their morning coffee and do the manipulation properly so it wouldn’t be so obvious with trading halts due to imbalances they were creating.
today may just be "The Day"...hang on,y'all
In my world, it is "The Day" I get an estimate for a new metal roof.
Probably around $15K in central Florida.
Sorry, I'm a bit bored.
Has this price increased or decreased?
And how about a 20KvW solar powered system , repleat with MPPT charger, LiFePo4 battery bank, inverter?
Might be better use of money now than stawks... (or even PMs????)
it never boring when you got front seats via ZH watching this epic US slide happening in real time..if you hold out just long enough you might get that new roof for just pennies on the dollar, unless it's gold plated...good luck either way.
I got a metal roof installed several years ago. My son noticed one fewer bars on his cell phone.
I hope it provides protection from EMP events.
More I think , as much as computers can help, they seem to be More and more destructive
I am for the day to bring back a cord and rotary phone
Computers are destroying society....
No we don,t.
--HAL
as if society needed any help. HAHAHA besides, your destructive computer was used to tell us that computers are destructive. BAN COMPUTERS, ITS FOR THE CHILDREN! you sound like a politician. /s
"Computers are destroying society...."
Says the guy on the internet...
https://www.youtube.com/watch?v=zv4H0tuAyLQ
Was just thinking the exact thing just a hour or two before.
The plunge protection team working overtime.
Wait 'til they use the wrong plunger. A flush will be required.
Hey, where is that Fat kid? We need to beat the shit out of him before that Brits get here with their white shorts.
Don't pick on the fat kid...this will make you SMILE...watch it a couple times at impact.
https://www.youtube.com/watch?v=isfn4OxCPQs
Ouch! Looks like a broken leg.
The smaller kid is the lawn jockey and the fat kid is the Jewnited States
Could be we are all Piggy, just don't know it yet.
Bring it...my body is ready.
maybe central bankers get windows updates when they dont want them also
"...starting to run our of excess room..."
out
It breaks my brain trying to figure OUT where the typo is...but, hell, your spellchecker works, so WTF.
run our of excess room for th evarious central bank manipulations...
I figured out out, but then I filled in nefarious for the next sp.
At this point it's just one big video game ......fantasy.
Bla bla bla, who cares anymore? It's all planed down to the milisecond.
They can't plan it that close. The US is about 20 milliseconds across and the world is about 100 milliseconds across. With added delays for computer relays and the speed of light in cables.
http://www.zerohedge.com/news/2015-09-08/august-sucks-mit-quant-warns-ne...
Physics.
Hater
And to think I used to have faith in computers.
futures rollover folks... dec. becomes front month today... still selling the sep. contract...
game plan... scare the shit out of the fed before the weekend... get long... build enough profit into the trade that even if they raise rates Wed. you still exit with a profit...
if fed does not raise rates... epic rip 100 handle move from the bottom into next fri. quad expiration...
I can see the Depends delivery van rolling into 33 Liberty St. now.
Must have a lot of stops, usually doesn't show this early.
Sorry, didn't mean to be insensitive there, finance guys.
Space Diapers.
Those are the few "human interventions" that make those charts look like a roller coaster gone wild...
Yes, the media consensus now is that the market swings can only be explained as computers have taken over the market and it is offcially a no man's land. You may enter at your own peril,
A more interesting question is: If the buy orders are CBs, who is doing the big order selling? Does the post above me from Bullet answer that question?
The "club members" and insiders that I know in finance have been selling for quite a while now. They have been hiding their wealth in tax shelters for quite some time now. A good tax attorney is well worth the cost because I think we all know what is coming. Western governments need to find a way to fund those liabilites, we all know what that means.
.
What happened? That's easy, club members SOLD...
it really is a club folks, most of you are not in it.
The nature of the "Clubs" is about to undergo a radical transformation.
Blame Citadel
Yes, it is completely manipulated. But, at 6:12 this morning, USDJPY ran into a falling channel line and reversed. When it did, ES did. Simple as that.
http://pebblewriter.com/update-on-usdjpy-sep-10-2015/
At 6:12 AM I was taking a shit.
My train was time-did I miss sumpin'?
bangin' the wife hard!
Kevin Henry don't need no stinking price discovery!
I don't know about you, but I took a shit at 6:12 AM this morning
Talk about synchronised shitting!
'
'
'
What's interesting is that anyone listening to radio with the every-hour-on-the-hour-or-whenever business update, the muppets and the retail crowd, didn't hear a word of this.
Gee… Whad'a saprise!?!
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V-V