The Machines Are Going Mad - HFT Quote-Stuffing Desperation Spikes To Record High
It appears - for now - that the machines are losing control. Amid the chaos of the last few days in US equities, Johnny 5 and his ilk have been quote-stuffing in desperation at the highest rate in history... but it's not working!!
Source: @NanexLLC
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Yep. You know, I'm going to enjoy riding in the wagon for a change.
Nurse! Bring me a bedpan now... or else.
"the world continues to let us spend and borrow with zero or negative rates. No one will call our bluff."
100% agree. As long as the world allows the USA to print dollars from thin air, that are as good as gold on the open markets of the world, nothing can stop USA! Imagine any other country trying to simply print up fiat and then go buy trillions in good and services world wide. The USA does, and all the negative results appear in their fiat and economies.
It works. Only an insane person would cease printing when all the world is "The Sucker At The Table".
It will work if they will succeed to decrease volatily in short and mid term. But since september volatility is on the rise with random spikes. That's what we should expect. If volatility would increase - eventually it will end up with flash crash.
What do they say again about what GOES UP...?
I hope the dow hits 25,000 by 3 PM
I MUST get an invite to that dark pool deep internet chatroom at 7AM every trading morning to decide which way WE are going to make the markets go today.
Stick save is on!!!
And all the pension funds (for those who have them) and government liabilites say, "Fuck you, pay me!!!"
"Barack Obama (on TV): ...to reclaim the American dream and reaffirm that fundamental truth, that, out of many, we are one...
Driver: You hear that line? Line's for you.
Jackie Cogan: Don't make me laugh. One people. It's a myth created by Thomas Jefferson.
Driver: Oh, so now you're going to have a go at Jefferson, huh?
Jackie Cogan: My friend, Thomas Jefferson is an American saint because he wrote the words 'All men are created equal', words he clearly didn't believe since he allowed his own children to live in slavery. He's a rich white snob who's sick of paying taxes to the Brits. So, yeah, he writes some lovely words and aroused the rabble and they went and died for those words while he sat back and drank his wine and fucked his slave girl. This guy wants to tell me we're living in a community? Don't make me laugh. I'm living in America, and in America you're on your own. America's not a country. It's just a business. Now fuckin' pay me."
"killing them softly," pretty decent movie if you ask me.
Kudos to being the first to use that here on ZH. Caught that movie about 2 or 3 months ago.
Standard Disclaimer: www.solarmovie.ph / www.geektv.me (because who needs fucking cable when you can watch what you want to watch when you want to watch it).
The machine are running at full speed cap'n!!! We need MOAR gerbils!!!
The only Record High I care about is the one associated with Jumping WS'ers
looks like it's working pretty good today
Evil machines, you face The Tick!!
The only thing that's working is that Bultard scared the shorts just before the retest of the 1867 low.
Bullard is the excuse. The buying was lined up last night.
"... but it's not working!!"
S&P up 40+ so far and may even take back yesterday's decline.
So, I would guess it IS working. Fuctup shite, but definetly working. Just likr it's been "working" for the past six years.
Actually it's "not" working. That is an annual chart. Sure the markets are being cranked up today but it ain't going to last. If this degree of quote stuffing was working as planned, the markets would have to be at an all time high. This quote stuffing is just phony shit anyway. They're just entering orders they have no intention of having filled. To me this just reeks of panic. In years past, quote stuffing at new highs did correlate with new highs in the SPX, but not so far this time around. Crazier things have happened though. If the crooks all of a sudden start doing a lot of jaw-boning about more QE then yes, we might still see new all time highs. God damn their oily hides.
@Albertarocks
One can only hope!
Yup, it's been infuriating that the markets have literally broken for way too long. Normal price discovery is no longer possible. When central planners (criminals) set the price for absolutely everything on the planet, they will absolutely wreck the machinery and lose everything. But it seems like the deflation genie has finally popped the cork off his bottle and once deflation takes hold there is absolutely nothing the bankers can do about it. No amount of money printing is going to cover the crash that's about to happen. I mean, we're talking about $600T worth of derivatives. That's 10x the entire global GDP for Christ's sake. Nope, I think it's over. I doubt very much that we see new highs until they unleash all the QE they can muster. But they need an excuse to launch it and right now they sure don't have it. It's going to take a market crash... but when that crash happens I'm almost certain it will get out of control. So all the added QE is going to accomplish will be to slow the decline. At least that's my plan. lol
They stepped as the market approached a critical level. Bulltard gave the signal and the Fed or it's captive hedgefunds and banksters executed. Let's see how long they can make it last.
Doesn't matter one bit. This is the new Bulltard moment. We will revisit the highs before it's over. Ye of little faith. Have you not see this play out, oh, 20 times in the last few years?
Yep. I said the other day, we'll see 2000 again on the S&P. I hold to that sentiment, especially after Bulltard came out and talked up the markets again this morning.
Bullard is the "Market Whisperer". Reality show starts on "E" Feb. 15th.
They have more ways to goose this market any way they want, than you could ever imagine. This is their game, their market, their world, their baby. The FED has the world reserve currency. This is not a game played by amateurs. Do you really think the worlds largest bankers/banks and financial players are going to leave their money machine to the whims of the masses? If you believe that, you belong in an insane asylum.
PPT right on queue
when i first started trading i used to spend 16hrs/day researching and doing due dilligence to find the right targets. as it turned out i just needed to review my basic math skills.
That was way back when there was Price Discovery.....
It will be something novel that you can tell your kids about.
Ah canny hold her much lan'er cap'in she's at warp factor 8.
I predict the Chicago crime rate would drop dramatically if all those disadvantaged youths were forced to read Z/H.
That being said, I think I'm liking the R/R of an ES short right about now. I'll jump on the profit taking train>>>>
That's assume the public education didn't fail them and they could read.
deadcat bounce, i give it two, maybe three more updays before we break 1867. hft doesnt give a fuck where the market is going they just want to see volatility.
Taking tomorrow off, three day bash at my place, the Hamptons, hookers and winky, til you drop... Make up for last weekend's spooked markets...
address please?.........and do you have room for my '91 gmc pickup in your yard? i'll bring the chips. thanks in advance 'drip..................
so I take it they shot the hurrican party scene from "the affair" at your place? how the hell do I get on your invite list?!? :D
How high can a dead cat bounce?
I would not be so worried. Zoroz is legalizing weed und "stuff", so there will be hapy ending.
fa-fa-faaa-faaa-faaa-faaa ...
Time to put all Jews in the oven again.
And that's what will solve the problems? So, if Hitler just could burn more jews - everything would be fine now? LOL
It's not about jews, it's about crony capitalists. And there are a lot of jews among them for some reason. But it's not because they are jews. Probably just because jews have higher IQ on average.
So, easy solutions don't work, sorry.
Oh no...is it your monthly period to get cynical again .. your crap is flowing from you mouth instead of your ass ...again... sounds like you are pointed in the wrong direction...let me give you a phone number to help you sort things out... 1.800.eat.shit
"Chappie's got a book!"
Talked to a goldman sachie today... he said that HFT and quote stuffing were only one of many processes they use for "price discovery"... said the other used techniques were top secret and he was unable to share..
Why would it work.
All that's left is regular algo's bumping into nano algo lasers that are bumping in to microwaves bumping into nano nano's with the echo's adding to the confusion.
____________________ whatever that german word is for "tough shit".
Hey 4 the short term, es up or down we still make money.let them stuff