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Flash Crash (Or Crash Crash) Imminent? Put On Those 19.99% Down Limit Buy Orders Now
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.
Silver:
And as expected, we see another epic surge in churning.
Source Nanex
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***SKYNET BREAKING NEWS ALERT***
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.
***THIS HAS BEEN A SKYNET BREAKING NEWS ALERT***
*just holding my breath* for black friday...
Hold it a little longer, till August 15th, my reckoning.
ORI
http://aadivaahan.wordpress.com/2011/08/04/many-drafts/
Don't hold your breath, I am here.
Open WIDE bitchez!!!!!!!!!!!!!!!!!!!!!!
DAMN!!!!!
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
https://www.gunsgrubandgold.com/forum
Soon, it will be the ending song for Dawn of the Dead... HAHAHAHAHAHA
http://www.youtube.com/watch?v=a0JBlUm2KMY&feature=player_embedded
I can't get "run to the hills" by Iron Maiden out of my head!
http://www.youtube.com/watch?v=6xR4TZsZOPU&ob=av2n
I keep hearing a bugler blowing "Taps" ...
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...
https://www.gunsgrubandgold.com/forum
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.
I would be stunned to see a bad report tomorrow. Betcha it'll be like +200000 with a .1 improvement in the rate
Oh my lunch
BEAT DOOOOOWN
MUST.........DEFEND..........DOW.......11500............MUST..............PREVENT........400............POINT..............DROP
MUST............USE..............COMPUTERS..............TO.............DEFEND..........BIG..........ROUND............NUMBERS..............FOR...............THE..............SHEEPLE.
Broad market margin calls will pile on...
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..
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.
Bernanke to Ron Paul
When gas is $30/gallon, the peons won't want no more $$$$!!!
Its a Monster Mash:
http://www.youtube.com/watch?v=ijFCGu4S6bk&feature=related
The PPT is obviously here now. Hi Brian Sack!
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.
For your viewing pleasure... the masses will never listen... are you ready? ;)
http://www.youtube.com/watch?v=vF-Ot_heWfA&feature=player_embedded
http://www.youtube.com/watch?v=WY6HN2i9lG4&feature=player_embedded
WHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!
This was not the Birthday Present the teleprompter was hoping for. This is going to do WONDERS for his approval rating.
No wonder Geithner wanted out.
How does silver go from 42 to 38.50 inside two hours? I mean the price just dropped off a fucking CLIFF.
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
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.
But...but, but...I was assured that the debt ceiling deal had to pass in order to avoid a market crash. Fucking Kool-Aid.
I feel a bad moon rising!
Is it time to see brokers window jumping yet?
Maybe the proles on the street will catch them...with their bayonets.
Capt. Scotty just rang me up on the com and he said you better get down to financial engineering asap.
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 ;)
hmmm, I think I will stop by Walmart on the way home and pickup more ammo, can never have enough....
dow -470, tell the band to keep playing right to the bitter end......
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.
JPM:AG still under 1 for now.
Where's Robo?
got my 9% down Proctor and Gamble buy limit orders set just in case!
bwahahahaha!
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....
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.
MY GOD!!
FRIDAY WILL BE MASSACRE DAY!!!
AND TOMORROW I HAVE NO ACCESS TO MY COMPUTER GODDAMNED!!!
I bet when European markets open in 13 hours, they'll just go to the rock bottom.
AND CNBC IS TALKING ABOUT DEFLATION!!! MORONS!!! THE ECONOMY IS IN HYPER INFLATION MODE AND THEY ARE GOING TO PRINT MORE MONEY!!!
First deflation to justify the printing, then inflation followed by possible hyperinflation.
BTW, love your avatar.
DAX futures aren't looking too pretty right now.
DAX futures aren't looking too pretty right now.
DOOM Bitchez!!!
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.
What about the Basket? I see AUDJPY up, EURJPY up and ES down big time. No divergence? Tyler?
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.
Its all by design; bankers take their profits and causes a dip to push for QE3. The country who is going to really take it in the shorts in the near term is Japan. If US and Western Europe doesnt buy their exports they'll have to turn to the IMF.
I am very concerned for all the panic buyers of long dated treasurys.
Plunge Protection Team FTMFL.
over 1 billion ounces of spot traded in 2 hours. 30 million ounces available. this is the one step back.
Um...somebody over on Liberty Street had better pick up the Batphone....
Will they let Obama ring the closing bell for his birthday?
The should shove it up Timmy's butt and let Obama ring it from there.
Cornelius: "Dr. Zaius, what will Obama find out there?"
This is how you make money in thin liquidity hft/investment bank panics, waiting for narrow bid/offer spreads. Find the correlation and set puts, that and we are now heading into a seasonal but several bear market, mix that with China, commods now will sell off very hard.
On Google+ I had some self-proclaimed financial business analyst suggest this week's market drop had nothing to do with the debt deal and was just "daily fluctuations and emotions." She followed up by giving her 15 years of experience and "WTF do I know?" It is asshats like her that piss me off most. She's in love with herself and suggested that her credentials were better than the other experts that got us into this mess. /vomit
Robert Scoble posted this today on Google+. Hilarity ensued.
"This is what happens when the Tea Party is allowed to take over our national discourse. I don't see it getting better, either. Obama can't increase spending to get us out of this one because of them, so I don't know what will get our economy moving again." -Robert Scoble
Gravediggaz - Nowhere to Run, Nowhere to Hide
Well... it's about goddam time.
S&P500 head and shoulders target is 1,176 and further downside
expected.
As mentioned for some time - S&P500 monthly has been tracking sideways this year. This extensive distribution signified a bearish big picture and that a significant downtrend would follow.
http://stockmarket618.wordpress.com
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