Quote Stuffing Surges ==> Market Plunges

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Fri, 08/05/2011 - 15:12 | 1527911 r101958
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It's after 2p so no stops. Must seal the deal with Bernankistan.

Fri, 08/05/2011 - 15:15 | 1527914 Gubbmint Cheese
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a 68 point swing in three minutes? Whaaa?

Fri, 08/05/2011 - 15:19 | 1527926 SheepDog-One
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Hell thats nothing compared to this mornings DOW swing of down -300 to up +100 in a few minutes.

Fri, 08/05/2011 - 15:34 | 1527988 caerus
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yes...perfectly normal healthy moves...move along...nothing to see here...

Fri, 08/05/2011 - 16:03 | 1528053 TruthInSunshine
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BananasBernankBubbles needs to have another 5% to 15% drop in equity markets so that he can announce QE2.75:


QE2.75 = Mailing out The Bernank Card, a prepaid electronic debit card, to all U.S. Citizens, in an amount of $350,000 each, so long as 50% of said monies are used to buy U.S. Treasuries at now prevailing rates, and 50% of said moonies are used to buy the equity of TBTF Banks.

Fri, 08/05/2011 - 15:16 | 1527916 John McCloy
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This market is broken and diseased. How would anyone want to participate in this sham.

So much for HFT's providing liquidity..I suppose that is only on the upside. The moment anyone sells volume they piss their pants and hide. 

Fri, 08/05/2011 - 15:49 | 1528004 malikai
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They could fix this whole thing in 1 simple move. Delay all automated orders/changes/cancels by 1/5/10/30 seconds, whichever works.

Of course, volumes(lol) would collapse, and there would never again be such a thing as an HFT. But it would still allow Quants that execute constructive strategies to continue.

Fri, 08/05/2011 - 15:57 | 1528066 SheepDog-One
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All market orders must be done only with a successfully answered CAPTCHA question.

Fri, 08/05/2011 - 17:05 | 1528258 malikai
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But what about when JPM buys all the spammers? We'd have spamming terminators.

I don't know if I could compete. They get captchas right more than I do.

Fri, 08/05/2011 - 15:17 | 1527917 Overpowered By Funk
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Up, down, whatever the market is broken - for good. Fun while it lasted.

Fri, 08/05/2011 - 15:17 | 1527919 Praetorian Guard
Praetorian Guard's picture

What the HELL???? Obama speaks of incentives for ex mil coming home??? I appreciate their service but what makes them any better than anyone else? They opted to go into the military, just like some opt to go to college, and others opt not to. Tax breaks for hiring mil??????? What about the rest of the populace who have been suffering right along with everyone else??? Stinks of voter fraud!!!!!!!!!!!!!!!


...and the markets rally over this bullshit?!?!?!?!?! The chart looks like the cyclical orgasmic night of a two dollar whore in an 1880's china town opiate den...



Fri, 08/05/2011 - 15:24 | 1527942 SheepDog-One
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I dont think it was due to anything Obutthole said, it was mutterings of QE and the Euro trash deal.

Fri, 08/05/2011 - 15:42 | 1528017 Praetorian Guard
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Your right on that, I was actually being facetious. I wonder how the Germanics are going to stomach the fact that Europe just leveraged them into oblivion? I wonder if they get pissed for the third time and bring Europe to its knees again? 

Fri, 08/05/2011 - 15:23 | 1527948 InconvenientCou...
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with that attitude, it begs the question; What in this world (not the next) IS worthy of your priceless respect?

Fri, 08/05/2011 - 15:47 | 1528007 Praetorian Guard
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Like I mentioned in my post - I respect and admire their decision... HOWEVER this should NOT give them preferential treament over non mil for employment!!! Like another person mentioned, they already have preferential treatment in government jobs (basically the ONLY employer in some towns) - NOW THIS?!?!?!

I believe this is a first strike attempt to thwart the defense cut impact of more unemployed, especially the thousands/millions (including contractors) of ex mil. Maybe Obummer fears a back lash from ex mil as DoD and other Intel reports have indicated, ie social unrest - or he's just using old fashioned DC politics and buying votes?

Employment should be based on skills, education and if you can do the job, not a STATUS.

Fri, 08/05/2011 - 15:48 | 1528037 Smiddywesson
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How many do we have in uniform?  Two million or so?  I would say this stunt originates in the fear of two million angry people without a job who know how to fight as much as it does in raising unemployment numbers.

Fri, 08/05/2011 - 16:09 | 1528102 Praetorian Guard
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I wonder the exact same thing. I wonder if they fear domestic home grown "terrorists" who have nothing to lose? Its bizarro world...

Fri, 08/05/2011 - 15:27 | 1527954 j0nx
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I agree. Nobody twisted their arm to join. They already get preferential treatment in every government job from federal to state to local as it is. How much more preferential treatment SHOULD they be given? Free blow jobs too? Sheesh...

Fri, 08/05/2011 - 15:33 | 1527980 Ricky Bobby
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Soldiers of the empire! Like Roman legionnaires- super citizen.

Fri, 08/05/2011 - 15:40 | 1528010 GeorgeHayduke
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It's all part of the neo-fascists copying their Third Reich bretheren from deacdes earlier by creating a military class. Moving all things military into this sacred cultural realm where everything about the military is better than the peasantry and beyond question serves the War Lords quite well. That way the peasants will be really confused and won't fight back when their military idols start kicking their ass to keep them in line.

Fri, 08/05/2011 - 15:55 | 1528059 A Man without Q...
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Come on, join the dots man.  The US needs to cut its enormous military budget, but the generals cannot give up any of their expensive toys (alien invaders, China, Putin whatever, you need the gadets, gizmos and billion dollar planes), so of course this means cutting the number of soldiers.  Some of these people have been away for years, and have no idea how to cope with civilian life, need help getting jobs, homes etc.  The percentage of homeless ex-service men is a very well known problem.

As for the idea that they "chose" the military, for many it was the only job available or the only way to afford college, or to have a better job that McDonalds.  


So sorry, I think you're wrong.  I think trying to provide incentives to help ex-service men get jobs (as was done post WWII) is better than leaving them to fend for themselves (as was done after WWI and Vietnam.)

Fri, 08/05/2011 - 16:12 | 1528109 thepsilocircus
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I think you should look into what happens when you "incentivize" (subsidize) something. Then, think about the term malinvestment and what that means for an economy.


There may be a reason that's not so easy to stomach as to why such a large amount of ex-military have difficulty finding jobs.

Fri, 08/05/2011 - 16:18 | 1528124 Praetorian Guard
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Yet the system does help them, above and beyond. I have family that work at the VA, and have family that have been in the mil. A typical vet can apply for "disability" such as hearing loss, PTSD, etc. and some can make a grand or two a month AND work. I hear stories all the time about ex mil who can function 100% but were able to take advantage of the govt disability and get some nice coin. Now I don't fault anyone, especially if it is legit.

As far as coming home and not having a job, well I can see some type of job center, or classes to enable them to merge back into society. You mentioned that the mil was the only job available and or used it to complete school. Nothing wrong with that, but at what point do we stop offering assistance? I know people who went to school, could not afford it, but got student loans, and are still paying on them AND have a crappy job. Ounce for ounce what makes one person better than the other? Choices? Education? Status? Mil or non mil? Are they really incentives? Why rush ex mil to the front of the line when so many people have been waiting for quite a long time and still cannot get anything - many of which are the corner stones of this country, ie engineers, etc.? Its almost like immigration - tell a responsible person that it will take thousands of dollars, require a sponser, wait YEARS, only to have Sancho sneak in and use the system from day one without investing one thin red cent - and then have the govt announce an amnesty plan!!!!!!!!!!!!!!!!!!!!!! Where is the equality?

Fri, 08/05/2011 - 16:44 | 1528205 GeorgeHayduke
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From what I've seen the government helps tons of former military folks get jobs through private military contractors. These places are filled with ex-military folks who take pride in the fact that they are now in "the private sector" even though rhe company they work for has never made a single cent outside of DoD contracts.

Now, we do have many ex-military folks who are not part of the in crowd and those poor men and women are the ones we see who have a hard time in the civilian world. And yes, I have no problem helping them.

However, the ex-military folks who are riding the private contractor gravy train and who bitch endlessly about the federal government, yet who have been sucking government's tit their entire life deserve little respect.

Fri, 08/05/2011 - 17:41 | 1528355 Praetorian Guard
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I'm for helping people. I just think that this new ploy is somehow fucking people over, which we will probably find out later. Subsidizing doesn't work.

Fri, 08/05/2011 - 16:04 | 1528089 dolly madison
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There is a bit of a movement of ex-servicemen against our government.  Obama wants to keep them busy, so they have less time to plot.

Fri, 08/05/2011 - 15:17 | 1527920 mayhem_korner
Fri, 08/05/2011 - 15:20 | 1527922 buzzsaw99
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HFTs happily play pattycake amongst themselves but when the booger man wants to join in they run away.

Fri, 08/05/2011 - 15:53 | 1528061 cougar_w
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Who you calling a man?


5'4" of DDD digital apocalypse, in blue. See if you can trade against that Goldman. Yeah I didn't think so. Rookiez r punked.

Fri, 08/05/2011 - 15:18 | 1527924 Aductor
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No signs of marigin calls?

Fri, 08/05/2011 - 15:31 | 1527970 nonclaim
nonclaim's picture

Margin calls are calculated and issued around 3PM based on prices at the time. Indexes were slightly green then (how wonderful) so no major selling pressure into the weekend due to calls.

Fri, 08/05/2011 - 15:34 | 1527989 Aductor
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Fri, 08/05/2011 - 15:22 | 1527932 SheepDog-One
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Well the Maniacal Monetizers HAVE accomplished 1 thing, forever ridding the markets of anyone with even half a brain due to this constant ridiculous manipulation to make things 'appear calm', what a damn joke. 

Fri, 08/05/2011 - 15:26 | 1527949 mayhem_korner
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Right.  If not for the manipulation, stuffing, printing, margin-calling, name-calling (Putin), flash-crashing, algo-gasms, leaks, squids, banksters, hotel maids, etc...the SPX would be calmly floating at 700 where it belongs.


Fri, 08/05/2011 - 15:27 | 1527955 SheepDog-One
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Cant have that though...something priced right? Practically blasphemy to central banksters who must be in a 50% overvalued bubble at all times.

Fri, 08/05/2011 - 15:22 | 1527933 Gibu The Great
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Looks like it wants to close higher.

Fri, 08/05/2011 - 15:23 | 1527935 InconvenientCou...
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don't get caught holding the bag this weekend.

Fri, 08/05/2011 - 15:26 | 1527960 Doyle Hargraves
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"don't get caught holding the bag this weekend"

Don't get caught holding the BAC this weekend.

There I fixed it for you!

Fri, 08/05/2011 - 15:29 | 1527962 SheepDog-One
SheepDog-One's picture

Nope, I remember the days back in 07 holding over weekend from the Friday all calm close only to watch as Asia markets tank on Sunday, then sweating looking at futures plunge all nite till the -300 open.

Fri, 08/05/2011 - 15:39 | 1528015 Stoploss
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I put a short on for the weekend, the Italian job is going to fall apart anyway over the weekend. It's just lie your ass off Friday in europe. standard operating procedure. Happens every week now.

Fri, 08/05/2011 - 15:27 | 1527965 HelluvaEngineer
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Normally I'd be anticipating the "We fixed Europe again" rally on Monday morning, but something tells me things are truly about to fall apart.

Fri, 08/05/2011 - 15:31 | 1527985 Doyle Hargraves
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depends on if there are any riots in Germany this weekend or not.

Fri, 08/05/2011 - 15:35 | 1527998 Aductor
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It is somewhat ironic that now the Eurozone  is taking us to the brink, and the one man standing between disaster and another look down the abyss is the one Euro-clown you can imagine: Signore Berlusconi.

Fri, 08/05/2011 - 15:22 | 1527936 ZombieHuntclub
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Just like the sham deals that put us 29 points over so the DOW could end Wednesday on a positive note instead of a 9-day losing streak. The game is rigged boys.

Fri, 08/05/2011 - 15:22 | 1527937 bob_dabolina
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I think /es sells off hard into the lows during the last 1/2 hour

Fri, 08/05/2011 - 15:25 | 1527946 Gibu The Great
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That would be nice.

Fri, 08/05/2011 - 15:28 | 1527956 InconvenientCou...
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with that volume, it would almost have to.

Fri, 08/05/2011 - 15:25 | 1527938 Long-John-Silver
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A cat was found walking on the keyboard of an E-trade computer.

E-Trade Cat

Fri, 08/05/2011 - 15:50 | 1528046 Whatta
Whatta's picture

sweet pussy

Fri, 08/05/2011 - 15:26 | 1527951 SheepDog-One
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Well at least we didnt get the crocodile algo today, or at least not that I know of.

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