• GoldCore
    01/13/2016 - 12:23
    John Hathaway, respected authority on the gold market and senior portfolio manager with Tocqueville Asset Management has written an excellent research paper on the fundamentals driving...

A Close Up Of The Market Ripple Which Stopped Stocks Tumbling At 11:01 am

Tyler Durden's picture




 

A funny thing happened at 1101ET. Amid the deep plunge in stocks, 'someone' suddenly traded an enormous block of e-mini S&P futures which appeared to stall the sell-off (for now). This followed a similar (but smaller) block trade at 1042ET which also extracted all the liquidity from the market momentarily and enabled a brief rally.

That is twice we have seen a big block followed by a rally in futures...

 

and a close up shows the shocking ripple as liquidity was sucked away by the huge block trade...

 

Via @NanexLLC

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Mon, 01/04/2016 - 11:48 | 6995470 Fukushima Sam
Fukushima Sam's picture

Plunge protection team BTFD! Sell to them, quick!

Mon, 01/04/2016 - 11:50 | 6995496 Cognitive Dissonance
Cognitive Dissonance's picture

The force is strong in this one (hft algo).

Mon, 01/04/2016 - 11:52 | 6995504 highandwired
highandwired's picture

Bitcoin is kinda flat though

Mon, 01/04/2016 - 12:09 | 6995602 gatorengineer
gatorengineer's picture

often wondered what would happen to a bit coin in the event of an EMP any ideas?

Mon, 01/04/2016 - 12:17 | 6995644 TBT or not TBT
TBT or not TBT's picture

There's no afterlife for bitcoins but they would go on in our hearts and memories and that's enough.  

Mon, 01/04/2016 - 13:19 | 6995928 FireBrander
FireBrander's picture

If you own male bitcoins, you're in luck! There is an afterlife/paradise for you! I've also heard you get virgins and a camaro as bonuses.

If you own female bitcoins; shut the fuck up bitch, it's not your place to ask such questions.

Mon, 01/04/2016 - 13:27 | 6995969 FireBrander
FireBrander's picture

Speaking of "Shut the Fuck Up, Bitch!".

Trump, want to score points with the "female voters"? Drive home how Islam physically and emotionally BRUTALIZES women...let Hillary attack you on that comment...call her on it...make her defend Islam’s treatment of women...oh boy would that be fun...Hillary being forced to choose between defending the rights of women or criticizing the "peaceful" religion of Islam...

Cannot have it both ways...Feminism and traditionally practiced Islam cannot co-exist.

Mon, 01/04/2016 - 12:26 | 6995684 Dick Buttkiss
Dick Buttkiss's picture

Ever wondered what would happen to the dollar in the event of an EMP event? Any ideas? Or do you not use banks and make all you payments in cash.

Besides, you can keep all your Bitcoins in your physical wallet if you want or anywhere else, for that matter.

Mon, 01/04/2016 - 12:28 | 6995699 Buckaroo Banzai
Buckaroo Banzai's picture

The blockchain, like the internet itself, is massively distributed. So presumably the blockchain would survive anything short of total 100% annihilation of the internet.

Your particular bitcoins, however, might not survive, unless you keep a non-electronic--i.e., paper-- backup.

But more importantly, in the event that an EMP cripples the internet, you will have MUCH bigger problems than wondering what happened to your bitcoins, or how to use them. If you think an EMP is inevitable, then you'd be stupid to rely on the internet for anything-- including keeping your money safe.

It's worth pointing out that in the event of an EMP, your electronic dollars would be completely wiped out as well.

Mon, 01/04/2016 - 13:18 | 6995921 TheGuru
TheGuru's picture

Well its certainly not round.You know if your fed up with Bitcoin or have any spare you could always send them my way. 15nut3xGxhkE8Urc4KXwCsNbi72dWPn1cQ

Mon, 01/04/2016 - 11:53 | 6995511 Save_America1st
Save_America1st's picture

so is the "Farce" ;-)

Mon, 01/04/2016 - 11:55 | 6995523 Cognitive Dissonance
Cognitive Dissonance's picture

Nice. I shall steal that from you and claim it as my own. :-)

Mon, 01/04/2016 - 11:57 | 6995532 Soul Glow
Soul Glow's picture

There is a PPT, despite what cnbc and bloomberg pundits think.  Here is the official document -

http://www.archives.gov/federal-register/codification/executive-order/12...

Mon, 01/04/2016 - 12:12 | 6995561 Cognitive Dissonance
Cognitive Dissonance's picture

Pretty much an open secret at this point. Always interesting to watch what was once scorned as wild eyed crazy talk becomes accepted 'knowledge' in a few short years. One measure of the acceleration in the toilet bowl swirl is when years shorten to months, then weeks, then days.

Mon, 01/04/2016 - 12:17 | 6995642 Soul Glow
Soul Glow's picture

Has it hit the back of their eyeballs yet?  Like a cold wind on a winter's day?  Or maybe bankers and day traders have accepted the death of any real market with bonuses in hand.

Is that an open secret?  If I accept the lie do I have freedom?  Or am I at a greater loss now, because I accepted the lie.

Mon, 01/04/2016 - 12:42 | 6995775 Cognitive Dissonance
Cognitive Dissonance's picture

A financial priesthood in (paid) denial awakens when it wants to.....or when it gets smacked in the forehead with a baseball bat. The choice is theirs and the choice is almost always baseball bat. To leave the priesthood herd early is to lose money before anyone else does. That's bad for business.

If one priest loses money it's their fault. If all the priests lose money it's God's fault.

Mon, 01/04/2016 - 12:33 | 6995725 nevadan
nevadan's picture

For a little more color on the subject...

http://www.illuminati-news.com/pdf/TheVisibleHand%5B1%5D.pdf

Mon, 01/04/2016 - 11:58 | 6995538 KnuckleDragger-X
KnuckleDragger-X's picture

They've broken out the emergency reserves of industrial strength fairy dust, and single barrel special reserve unicorn pee. The question is whether they can hold on long enough for Yellen to do a monetary carpet bombing......

Mon, 01/04/2016 - 11:52 | 6995503 MountainsRoam
MountainsRoam's picture

Keep watching the Feds balance sheet closely, their worthless assets will keep going up.. Nothing can stop real selling pressure except closing the markets and hoping,,, ask China!

Mon, 01/04/2016 - 13:27 | 6995967 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

We have to catch up to Japan.

Mon, 01/04/2016 - 11:57 | 6995531 Janet Shalom Be...
Janet Shalom Bernanke's picture

There are market circuit breakers, and then there are Fed Speed Bumps.  That was one of our "Tools".  Consider it lube for the pounding you are about to get.

 

 

Mon, 01/04/2016 - 12:01 | 6995552 847328_3527
847328_3527's picture

Time to rotate the tires looks like.

Mon, 01/04/2016 - 12:02 | 6995556 Calmly Waiting ...
Calmly Waiting for the Collapse's picture

The wrinkly old paw of Grandma Yellins.

Mon, 01/04/2016 - 12:04 | 6995557 Calmly Waiting ...
Calmly Waiting for the Collapse's picture

.

Mon, 01/04/2016 - 12:10 | 6995607 SloMoe
SloMoe's picture

Sorry about that. My cat jumped on my keyboard. Carry on.

Mon, 01/04/2016 - 12:53 | 6995837 FireBrander
FireBrander's picture

<--- Today ends positive for the DOW.

<--- Today ends negative.

...

Mon, 01/04/2016 - 13:51 | 6996115 TheDanimal
TheDanimal's picture

The PPT is creating rallies for J.P. Morgan to sell into now.

Mon, 01/04/2016 - 11:47 | 6995471 LoneStarHog
LoneStarHog's picture

I am sick of this intervention SHIT!!!!!

Mon, 01/04/2016 - 11:50 | 6995495 LoneStarHog
LoneStarHog's picture

Yeah...and it appears that at the exact time they HIT paper gold/silver...F'ers!

Mon, 01/04/2016 - 11:55 | 6995514 curbjob
curbjob's picture

The desperation, it's as tho their very lives depend on not having to reprint DOW 10K caps ?

Mon, 01/04/2016 - 11:47 | 6995475 HardAssets
HardAssets's picture

Who woulda thunk it ?

To the moon baby !

Mon, 01/04/2016 - 11:47 | 6995477 BlueStreet
BlueStreet's picture

New year, same manipulation. 

Mon, 01/04/2016 - 11:51 | 6995501 NoVa
NoVa's picture

MORTIMER,  TURN THOSE MACHINES BACK ON !!!

Mon, 01/04/2016 - 11:48 | 6995479 Took Red Pill
Took Red Pill's picture

Nothing to see here! Move along!

Mon, 01/04/2016 - 11:48 | 6995482 Azannoth
Azannoth's picture

Exactly why I dont even bother loggin into my Trader account anymore, it's just too painfull being the sucker all the time.

Mon, 01/04/2016 - 11:50 | 6995485 Peak Finance
Peak Finance's picture

Well, what's an "Enormous block."

Someone usually posts these strange blocks to twitter (like Nanex) but I didn't see it today.

(oops sorry didn't see the second chart when I made this post) 

Mon, 01/04/2016 - 11:49 | 6995486 Janet Shalom Be...
Janet Shalom Bernanke's picture

That was us.  Putting your tax dollars to work.

Anyone paying attention to Brazil?   Looking at the worst depression there since 2001 with skyrocketing inflation.

Inflation could never happen in the U.S. since the Fed is "watching" it and is ready to "act".  

Mon, 01/04/2016 - 12:03 | 6995564 Budd aka Sidewinder
Budd aka Sidewinder's picture

The Rio Olympics are shaping up to be a disaster

Mon, 01/04/2016 - 12:30 | 6995714 Buckaroo Banzai
Buckaroo Banzai's picture

Yeah, but imagine how inexpensive the whores are gonna be.

Mon, 01/04/2016 - 12:11 | 6995613 marts321
marts321's picture

Thanks Yellers, feel much safer with you at the helm =)

Mon, 01/04/2016 - 11:49 | 6995490 mtndds
mtndds's picture

I knew it would happen.  That magical hand came in and rescued the market.  2016 will be like 2015.  We will finish in the green today.  I will know that this is real is when HOME MARKET collapses.  Untill then its party on.   TRANSITORY!!!  

Mon, 01/04/2016 - 11:51 | 6995499 Magooo
Magooo's picture

PLUNGE PROTECTION TEAM is ON THE JOB!

Mon, 01/04/2016 - 11:52 | 6995505 U4 eee aaa
U4 eee aaa's picture

I'm shocked.....not

Mon, 01/04/2016 - 11:53 | 6995515 Overleveraged_a...
Overleveraged_and_Impatient's picture

FIRE THE CANNONS!!! (click)

Mon, 01/04/2016 - 11:53 | 6995516 U4 eee aaa
U4 eee aaa's picture

So the Chinese markets are the most honest then? I'll bet you never saw that one coming

Mon, 01/04/2016 - 11:53 | 6995517 scubapro
scubapro's picture

 

 

yes, 1130am europe close.   now the real test.     the fed is powerful, but if people want to exit, the doors are small...can the fed make the doors larger, or jsut try to get people to stay?

Mon, 01/04/2016 - 11:55 | 6995525 U4 eee aaa
U4 eee aaa's picture

They have infinite print and no accountability. The price is what they say it is

Mon, 01/04/2016 - 12:04 | 6995567 Soul Glow
Soul Glow's picture

The moar they print the moar they devalue their dollar.  This crushes their purchasing power, and negates their returns.  It is similar to stock buybacks - in both cases there is no productivity increase, just short term accounting gimmicks.

Mon, 01/04/2016 - 12:55 | 6995842 FireBrander
FireBrander's picture

The FED will SHUT the doors...how can you sell if the computers are turned off?

Mon, 01/04/2016 - 11:57 | 6995534 xrxs
xrxs's picture

'someone'

Price adminstration, not price discovery

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