Quote Stuffing Surges ==> Market Plunges

Tyler Durden's picture

If: quote stuffing spike = true; then: market plunge. Over and over and over and over.

Update: massive spike barrage just after 3:30 pm:

Source: Nanex

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r101958's picture

It's after 2p so no stops. Must seal the deal with Bernankistan.

Gubbmint Cheese's picture

a 68 point swing in three minutes? Whaaa?

SheepDog-One's picture

Hell thats nothing compared to this mornings DOW swing of down -300 to up +100 in a few minutes.

caerus's picture

yes...perfectly normal healthy moves...move along...nothing to see here...

TruthInSunshine's picture

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.

John McCloy's picture

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. 

malikai's picture

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.

SheepDog-One's picture

All market orders must be done only with a successfully answered CAPTCHA question.

malikai's picture

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.

Overpowered By Funk's picture

Up, down, whatever the market is broken - for good. Fun while it lasted.

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...



SheepDog-One's picture

I dont think it was due to anything Obutthole said, it was mutterings of QE and the Euro trash deal.

Praetorian Guard's picture

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? 

InconvenientCounterParty's picture

with that attitude, it begs the question; What in this world (not the next) IS worthy of your priceless respect?

Praetorian Guard's picture

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.

Smiddywesson's picture

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.

Praetorian Guard's picture

I wonder the exact same thing. I wonder if they fear domestic home grown "terrorists" who have nothing to lose? Its bizarro world...

j0nx's picture

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...

Ricky Bobby's picture

Soldiers of the empire! Like Roman legionnaires- super citizen.

GeorgeHayduke's picture

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.

A Man without Qualities's picture

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.)

thepsilocircus's picture

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.

Praetorian Guard's picture

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?

GeorgeHayduke's picture

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.

Praetorian Guard's picture

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.

dolly madison's picture

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.

buzzsaw99's picture

HFTs happily play pattycake amongst themselves but when the booger man wants to join in they run away.

cougar_w's picture

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.

Aductor's picture

No signs of marigin calls?

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.

SheepDog-One's picture

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. 

mayhem_korner's picture

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.


SheepDog-One's picture

Cant have that though...something priced right? Practically blasphemy to central banksters who must be in a 50% overvalued bubble at all times.

Gibu The Great's picture

Looks like it wants to close higher.

InconvenientCounterParty's picture

don't get caught holding the bag this weekend.

Doyle Hargraves's picture

"don't get caught holding the bag this weekend"

Don't get caught holding the BAC this weekend.

There I fixed it for you!

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.

Stoploss's picture

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.

HelluvaEngineer's picture

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.

Doyle Hargraves's picture

depends on if there are any riots in Germany this weekend or not.

Aductor's picture

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.

ZombieHuntclub's picture

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.

bob_dabolina's picture

I think /es sells off hard into the lows during the last 1/2 hour

InconvenientCounterParty's picture

with that volume, it would almost have to.

Long-John-Silver's picture

A cat was found walking on the keyboard of an E-trade computer.

E-Trade Cat

SheepDog-One's picture

Well at least we didnt get the crocodile algo today, or at least not that I know of.