Presenting Why The SEC's Proposed "Market Volatility" Contingency Plan Is A Failure, Even As The SEC Continues To Lie To Everyone

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Wed, 08/03/2011 - 18:50 | 1522240 Stuck on Zero
Stuck on Zero's picture

Voltatility problems?  Add a 0.1% Tobin tax to every stock transaction and everything will smooth out beautifully. 

Wed, 08/03/2011 - 23:06 | 1522794 Don Quixotic
Don Quixotic's picture

Brilliant! No average investor would even feel it and it flushes just about every HFT out of the market. That's how you know it'll never even be proposed as a solution within 100 miles of New York, Washington, or Chicago.

Wed, 08/03/2011 - 23:28 | 1522845 mason5566
mason5566's picture

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Thu, 08/04/2011 - 02:31 | 1523039 Sudden Debt
Sudden Debt's picture

NO extra TAX! Do you work for the government? :)

LET EVERY TRADE LAST FOR AT LEAST 5 SECONDS.

Goodbye HFT.

 

Wed, 08/03/2011 - 18:50 | 1522241 Rodent Freikorps
Rodent Freikorps's picture

Wow. Question the SEC and the site crashes.

I question the timing.

Molon Labe, SEC thugs!!!!!!

Wed, 08/03/2011 - 18:52 | 1522243 cswjr
cswjr's picture

We need to start a campaign to replace the SEC with Nanex.  I love those guys' work.

Wed, 08/03/2011 - 18:53 | 1522247 Debtless
Debtless's picture

The cure for flash crashes is more flash crashes. 

Then they can simply go play with themselves.

Wed, 08/03/2011 - 18:55 | 1522250 gwar5
gwar5's picture

.

 

QE3 is the hook that will bring money and investors back.

Wed, 08/03/2011 - 19:02 | 1522259 malikai
malikai's picture

The rational and efficient market mythbusters at Nanex have made another major discovery, having gone through the SEC's proposed plan to deal with extraordinary market conditions, better known as Limit Up/Limit Down Plan to Address Extraordinary Market Volatility, brilliantly abbreviated to LULD

I luled. They will never stop the lulz.

Wed, 08/03/2011 - 19:04 | 1522261 bbq on whitehou...
bbq on whitehouse lawn's picture

Wow Tyler thats a lot of in-your-face data. But i welcome it non-the lesss. Many i know will net even read it. Just wave their hand like swating a fly or brushing fowl air from their nose.

I take your data with a serious if inebriated mind. Yes thats not to say i cant add or do some calc 2 math its just that it will be slow and  labored with lots of errors in it and some google searches :)

Still its better the you would get in a muciprical building.

More the power, best of luck and may the force be with you.

 

Wed, 08/03/2011 - 19:08 | 1522265 karzai_luver
karzai_luver's picture

When do we see the cage trials of our slimeballs.

 

"Hosni" them all. start with every living U.S. prez and all cabinet members as well as House and Senate leaders from the last 20 years and any Fed leader.

 

When will the U.S. attempt to bring justice.

 

If  Egypt can bring charges against their criminals , someday the U.S. may catch up????????????

Thu, 08/04/2011 - 03:52 | 1523070 OldPhart
OldPhart's picture

Fuck a trial, line them up and decorate every lightpole in DC.

Wed, 08/03/2011 - 19:09 | 1522270 Long-John-Silver
Long-John-Silver's picture

I think I have discovered the problem with Flash Crashes.

http://www.torchgallery.com/application/upload/images/stock/Flasher_1_0.jpg

 

 

 

Wed, 08/03/2011 - 19:14 | 1522276 Joebloinvestor
Joebloinvestor's picture

The SEC thinks that it's "do over" or null trade ability is a "fix".

The programs are just "learning" the system and at some point will be able to manipulate or take advantage (which they can do now) or create advantage and the SEC will be powerless to stop it.

The only way to stop HFT is to go back to paper slips and brokers.

Wed, 08/03/2011 - 19:16 | 1522291 gratefultraveller
gratefultraveller's picture

Not sure why your comment made me think of HAL rather than Skynet

Wed, 08/03/2011 - 22:36 | 1522724 GoinFawr
GoinFawr's picture

'Tobin' tax off the table? Ahh, that'll just benefit those with their hands in the deeeeeepest pockets... How about imposing a min. standing time for orders? I know, that would still be easily gamed by those closest to the hubs...also, how would the illusion of 'liquidity' be maintained?

Paper slips and brokers it is. If you're really 'investing' you should be demanding those slips of paper anyway; they're as close to 'physical whatever ownership' as you're gonna get, and such action should force the shorts to earn it.

Bah, it's all rigged, and if your moniker is any indicator: you aren't the house.

Wed, 08/03/2011 - 19:12 | 1522280 InconvenientCou...
InconvenientCounterParty's picture

How does NANEX get paid? Their work is world class and worthy of support.

Wed, 08/03/2011 - 19:14 | 1522284 Rodent Freikorps
Rodent Freikorps's picture

OT:

Breaking news: Multi-agency armed raid hits Rawesome Foods, Healthy Family Farms for selling raw milk and cheese

We have achieved the Liberal Police State.

http://www.naturalnews.com/033220_Rawesome_Foods_armed_raids.html

Wed, 08/03/2011 - 21:35 | 1522607 Irwin Fletcher
Irwin Fletcher's picture

 

I'm glad they took down Healthy Family Farms. That place is scamming people in the bright light of day just like the SEC. People complained. They got investigated. At least some government agency will enforce the law. I bet the good folks at Nanex are jealous.

http://www.unhealthyfamilyfarm.com/

http://chowhound.chow.com/topics/650326#6318811

 

Wed, 08/03/2011 - 19:21 | 1522301 Manthong
Manthong's picture

You know you’re screwed when a server in a nearby cage has an advantage over a server across the street and you consider that electrons all travel at the speed of light.

Wed, 08/03/2011 - 19:26 | 1522319 Rainman
Rainman's picture

A+ for overwhelming evidence

Wed, 08/03/2011 - 19:26 | 1522322 bbq on whitehou...
bbq on whitehouse lawn's picture

Ive just tried a beer that tast like ass. Like corn feed ass.  A mutation of ass that is yet to be discoved by science.

Ist so bad its a flavor of its self. Like a new ass flavor beer for those who dont have the money for mid-west hooker ass.  Such a new flavor of ass that i stand in awe of it. Like a corn field farted. So bad its should be a drinking game.

Like a fart you have to go bake to smell just to discribe. Again and  again. Reched horrific and flavorful in its own toxic way.

Im going to give you the name because you need to tast the horror of a beer to understand and discribe its flavor. I dont have the langurage to put to words this incarnation of  flavor.

Its GET this:

Im not making this up,

its: Fat Tire. from Belgium, CO

if anyone knows the CEO he should be put to death by drinking a keg of this swill.

Wow i just discoved this horror of a brew and would have never had known such a error could have been brewed by, water, hops, yeast. Its so bad it need to be a legon in its own time.

I just found a reason to return to NY the beer. Even if i froze to death at least i wouldnt have known the toxic swill that is the brew.

If ever i meet this CEO or CFO i will punch him in the face for createing such a putrid toxin.

Enjoy its perfict for waterbarding.

Wed, 08/03/2011 - 21:52 | 1522643 moonstears
moonstears's picture

Now tell us what you REALLY think it's like... lol

Wed, 08/03/2011 - 19:27 | 1522324 Abitdodgie
Abitdodgie's picture

COMMISSIONER JILL E. SOMMERS   it is now coming to light that you are on the payroll of J P Morgan the very body that you are supposed to be overseeing and regulating , After world war 2 the Nuremberg trials were held a lot of the Officers used the excuse that "they were just following orders " that however did not stand as a good enough reason for what they did . My question to you is , whats your excuse?  202-418-5000 That is her number please everyone call her leave a message , blow some steam off you will feel better.

Wed, 08/03/2011 - 19:37 | 1522352 zorba THE GREEK
zorba THE GREEK's picture

I need more charts, bring me more charts. I need fresh charts for my experiments.

Wed, 08/03/2011 - 19:43 | 1522361 Atomizer
Atomizer's picture

SEC is employed by the Ponzi teat. They will do anything to validate a governing taxpayer funded entity. They always turn a blind eye on the masters & chase small pea criminals.

Kudlow is spinning a story on who is passing bad gas... $91 is good for the economy. So many people are detached from reality. Carry on ministry of propaganda. LOL

 

Wed, 08/03/2011 - 19:55 | 1522391 buzzsaw99
buzzsaw99's picture

It doesn't matter, JPM sets the price of everything.

Wed, 08/03/2011 - 19:56 | 1522394 GoinFawr
GoinFawr's picture

MAD "Mututally Accepted Delusion"

I LULD

Wed, 08/03/2011 - 21:17 | 1522555 espirit
espirit's picture

Caught that one also, "mutually acceptable delusion".

Thanks Tyler for the new twist on a tired acronym.

Wed, 08/03/2011 - 22:51 | 1522591 GoinFawr
GoinFawr's picture

Argh. My typo is now indelible!

Wed, 08/03/2011 - 20:05 | 1522413 Garbage Can Ray
Garbage Can Ray's picture

Tyler, are you going to cover the DNDN annihilation? Looks like SAC just lost a boatload!

Wed, 08/03/2011 - 20:33 | 1522459 Henry Krinkle
Henry Krinkle's picture

The SEC is comprised of a bunch of lawyers. So many lawyers that it's considered one of the largest firms in the country, so to speak.

So now you know why they don't have any sort of a clue about the market.

Wed, 08/03/2011 - 20:54 | 1522499 Atomizer
Atomizer's picture

Tyler,

General Electric should be re-tagged as Government Enterprise.

Anyone notice Pandora taking a full circle back? Gee who told us? Thats right.. the ZH site owner. I recall his 6 ways till sunday prediction.

http://ycharts.com/companies/P

Wed, 08/03/2011 - 21:55 | 1522646 Palladin
Palladin's picture

Interesting reading if you follow DNDN. It's from a couple of years ago, and full of Wall Street mumbo jumbo. Pretty much all of it was wrong.

http://seekingalpha.com/article/131596-is-dendreon-a-360-stock-or-is-tha...

 

.

Wed, 08/03/2011 - 22:51 | 1522762 Little John
Little John's picture

I'm about half through reading Reminisces of a Stock Operator.  It's hard to believe Mr. Livermore has been reduced to 1s & 0s.

Why doesn't someboby do that for the Bernanke.  Hooked up to a dual core processor he could get throught the next couple of

dozen  QE s in about 18 months.

Thu, 08/04/2011 - 00:28 | 1522961 Jovil
Jovil's picture

George Carlin's words ring truer today, "They don't give a fu@k about you."

 

http://lonerangersilver.wordpress.com/2011/08/02/george-carlin-they-dont...

Thu, 08/04/2011 - 06:22 | 1523114 Ted K
Ted K's picture

Once again Tyler Durden is willing to take swipes at the S.E.C. , but Tyler conveniently stays totally silent on group controlling and directing the Kabuki drama---FINRA

Wed, 09/14/2011 - 04:44 | 1667367 chinawholesaler
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