Flash Crash (Or Crash Crash) Imminent? Put On Those 19.99% Down Limit Buy Orders Now

Tyler Durden's picture

The epic blow out accelerates with the widely followed (by the administration) DJIA dropping by over 400 points at last check. And as we warned earlier, the liquidation sell offs in PM, to no small part driven by rumors of yet another CME margin hike, are picking up pace, with silver tumbling from over $42 to just $38.50. We are very concerned we may see another Flash Crash, or Crash Crash as it would be better known assuming there is no imminent bounce back. As such we urge readers to immediately put limit buy prices across the entire S&P that are 19.99% down, as down 20% is the magical border below which the exchanges cancel all trades. Just in case, with circuit breakers at 10% for the top 1000 stocks, a 9.99% limit buy may be a better deal.


And as expected, we see another epic surge in churning.

Source Nanex

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TruthInSunshine's picture





U.S. claims Waddell & Reed is lauching fat fingered cyber attacks on U.S. and global markets & spreading libelous claims that global economy is a Ponzi scheme built on infinite fiat creation, and propped up by debt-laded, failed nations.

Ben S. Bernanke, in formerly secret testimony to a FISA Court, has signed an affidavit asking that NATO and/or the U.S. Pentagon launch drone attacks against Waddell & Reed, and further, Bernanke has privately briefed the President and Congress, alleging that only more quantitative easing will allow him to successfully defeat Waddell & Reed.

Jamie Dimon & Lloyd Blanfein also testified in support of The Bernank.



Ryman1075's picture

*just holding my breath* for black friday...

Black Friday's picture

Don't hold your breath, I am here.

Praetorian Guard's picture

Open WIDE bitchez!!!!!!!!!!!!!!!!!!!!!!



I hear Johnny Cash singing AGAIN!!!!!!!!!!

WallStreet is a burning thing
And it makes a fiery ring
Bound by your wild desire
WallStreet fell into a ring of fire

WallStreet fell into a burning ring of fire
WallStreet went DOWn, DOWn, DOWn
And the flames went higher

WallStreet fell into a burning ring of fire
WallStreet went DOWn, DOWn, DOWn
And the flames got higher
And it burns, ooh it burns



Soon, it will be the ending song for Dawn of the Dead... HAHAHAHAHAHA


Ryman1075's picture

I can't get "run to the hills" by Iron Maiden out of my head!


Jonas Parker's picture

I keep hearing a bugler blowing "Taps" ...

Praetorian Guard's picture

Excellent!!!!!! All time favorite of Iron Maiden. Its sad, but that is a VERY possible reality!!!!! Remember the rule of THREE:

Three minutes without AIR - DEAD
Three days without WATER - DEAD
Three weeks without FOOD - DEAD
Three months without HOPE - DEAD

Get past the first three months and 80% of the populace is gone...


LRC Fan's picture

If we get a bad jobs print tomorrow do we see the Dow -500 or more? Do we see oil below $80? Silver below $35? QE3 virtually guaranteed? Fucking insane swings today all over.

whaleoil's picture

I would be stunned to see a bad report tomorrow.  Betcha it'll be like +200000 with a .1 improvement in the rate

Larry Darrell's picture




nonclaim's picture

Broad market margin calls will pile on...

jkruffin's picture

Guy on bloomberg said the CME hike and the liquidation selling was a rumor, they said people just taking profits from the run this week. 20 days worth of gold bought in 3 days.

Gold will probably be near 1700 by morning....as payroll numbers are guaranteed to be poor according to data already available..

I would be using this dip to add to the gold position..

LRC Fan's picture

Lol@ CNBC.

"In times like these people don't want to hold gold, they want Treasuries and the dollar!"

Be my fucking guest...I prefer silver/gold to paper. Especially right before QE3 kicks off.

baby_BLYTHE's picture

Bernanke to Ron Paul

“My definition of the dollar, is what it can buy. Consumers don’t want to buy gold; They want to buy food, and gasoline, and clothes, and all the other things that are in the consumer basket.”

Almost Solvent's picture

When gas is $30/gallon, the peons won't want no more $$$$!!!

firstdivision's picture

The PPT is obviously here now. Hi Brian Sack!

MoneyWise's picture

Unfortunately this site doesn't get loaded 90% of a time

otherwise, thanks for spook stories, great sale,

like it very much..

Can you push DJI to -500? Few of my Limited buys still

doesn't get filled yet.. Greatly appreciated.

chet's picture


John McCloy's picture

This was not the Birthday Present the teleprompter was hoping for. This is going to do WONDERS for his approval rating.

Roger Knights's picture

No wonder Geithner wanted out.

SilverRhino's picture

How does silver go from 42 to 38.50 inside two hours? I mean the price just dropped off a fucking CLIFF.

Random_Robert's picture

These price declines in Silver are easy to understand...

the price rises with open interest when buyers are coming in in larger quantities than sellers. The big commercial banks stuff the bid with quotes that hang a few cents below the tick, while orders get filled onsey-twosey as the ask occasionally falls to meet the highest bid. The Big commercials sell (short) lightly all the way up. As long as the ask is loaded with profit-making quotes, the trend continues upward.

But eventually the ask side begins to fill up with below market stop loss orders, and at some point, the large commercials pull all their bids, and the exchange begins executing orders relentlessly, as virtually any bid in the "stop zone" gets easily met.

and DOWN goes the price, with the commericals buying/covering the whole way down.

Manipulative? yes, to everyone except the CFTC.

Illegal? should be (as should all quote stuffing)

Unethical? absolutely

HungrySeagull's picture

And here I am manually adjusting ask and bids to follow the market as one lures a Trout to the fishhook.


On a day like today, I don't bouther. I just club out the Bid and throw the Ask grenade into the quiet river and watch the trout float by the dozen for the gathering.

Mr Kurtz's picture

But...but, but...I was assured that the debt ceiling deal had to pass in order to avoid a market crash. Fucking Kool-Aid.

william shatner's picture

I feel a bad moon rising!

Poetic injustice's picture

Is it time to see brokers window jumping yet?

Mr Kurtz's picture

Maybe the proles on the street will catch them...with their bayonets.

John McCloy's picture

Capt. Scotty just rang me up on the com and he said you better get down to financial engineering asap.

Sudden Debt's picture

Let's get ourself some chickens and a bull and sacrifice them.

Can you read the future in bull guts?

I'll bring the chainsaw to chop it up ;)

NumNutt's picture

hmmm, I think I will stop by Walmart on the way home and pickup more ammo, can never have enough....

NumNutt's picture

dow -470, tell the band to keep playing right to the bitter end......

Dr. Richard Head's picture

Looks like my #35 silver call from yesterday, Ag to drop under JPM, was about right. Beep.....beeep......beeeppp......that's the sound of me backing up the truck.

fuu's picture

JPM:AG still under 1 for now.

Boston's picture

Where's Robo?

SolidSnake961's picture

got my 9% down Proctor and Gamble buy limit orders set just in case!

Jim in MN's picture

Funny how they adjourned the House of Reptiles for FIVE WEEKS so Ron Paul can't call any officials to any hearings....

Funny like strange....

Roger Knights's picture

That brings to mind an old joke:


LBJ: I want to see the gold in Fort Knox.

Treasury: You can't.

LBJ: What? I'm the president!

Treasury: It's all gone.

LBJ: Well, then, double the guard.

Sudden Debt's picture




I bet when European markets open in 13 hours, they'll just go to the rock bottom.


Dr Zaius's picture

First deflation to justify the printing, then inflation followed by possible hyperinflation.


BTW, love your avatar.

-Michelle-'s picture

DAX futures aren't looking too pretty right now.

-Michelle-'s picture

DAX futures aren't looking too pretty right now.

MobBarley's picture

5 weeks. I get the feeling this is alot like Bush Jr's month long vacation just prior to 9/11.

Not that anyone knew anything was going to happen.


hungarianboy's picture

What about the Basket? I see AUDJPY up, EURJPY up and ES down big time. No divergence? Tyler?