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Quote Stuffing Surges ==> Market Plunges
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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It's after 2p so no stops. Must seal the deal with Bernankistan.
a 68 point swing in three minutes? Whaaa?
Hell thats nothing compared to this mornings DOW swing of down -300 to up +100 in a few minutes.
yes...perfectly normal healthy moves...move along...nothing to see here...
BananasBernankBubbles needs to have another 5% to 15% drop in equity markets so that he can announce QE2.75:
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.
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.
All market orders must be done only with a successfully answered CAPTCHA question.
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.
Up, down, whatever the market is broken - for good. Fun while it lasted.
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...
https://www.gunsgrubandgold.com/forum
I dont think it was due to anything Obutthole said, it was mutterings of QE and the Euro trash deal.
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?
with that attitude, it begs the question; What in this world (not the next) IS worthy of your priceless respect?
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.
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.
I wonder the exact same thing. I wonder if they fear domestic home grown "terrorists" who have nothing to lose? Its bizarro world...
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...
Soldiers of the empire! Like Roman legionnaires- super citizen.
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.
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.)
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.
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?
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.
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.
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.
In this corner, the Crusher....
http://www.youtube.com/watch?v=7vYdVM4I6C8&feature=related
HFTs happily play pattycake amongst themselves but when the booger man wants to join in they run away.
Who you calling a man?
http://madscienceunlimited.com/fiction/theexchange.html
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.
No signs of marigin calls?
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.
Thanks!
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.
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.
:D
Cant have that though...something priced right? Practically blasphemy to central banksters who must be in a 50% overvalued bubble at all times.
Looks like it wants to close higher.
don't get caught holding the bag this weekend.
"don't get caught holding the bag this weekend"
Don't get caught holding the BAC this weekend.
There I fixed it for you!
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.
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.
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.
depends on if there are any riots in Germany this weekend or not.
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.
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.
I think /es sells off hard into the lows during the last 1/2 hour
That would be nice.
with that volume, it would almost have to.
A cat was found walking on the keyboard of an E-trade computer.
E-Trade Cat
sweet pussy
Well at least we didnt get the crocodile algo today, or at least not that I know of.
Tyler, the time increments on the horizontal axis; what's the correlation to the market time EST?
How about them distorted real time guotes! You don't know anymore which price is "real"! Monday will be another hauler, Tuesday's "big expectations" will be CRUSHED! THEY won't give the "market" anything, YET! Some more selling ahead next week! Stay SHORT, especially at the beach :-(|)!
Certainly gives new meaning to the term "price discovery."
Well now that the shorts are all gone or very comfy with their buffer (Since Ben outlawed shorting 3 years ago) it looks like there is not many left to cover heading into the close...Have to punish those evil shorts who should be rewarded for their attempts at price discovery as opposed to loading the market up with brain deads asking for Fed handouts.
Reap what you sow. How many billions are being burned as the market crumbles away months and months and months of work on VOLUMELESS PING PONG. Those prices were never real..much like our economy they are an illusion.
It might be some weak bears covering before the weekend.
I thought bout it, as a QE3 hedge.
PS. fake money on a free trading site; all the real wealth is in logging and milling equip and PMs
austan goolsbey on MSNBC: "99% of what goes on in the economy has nothing to do with what's happening in DC."
Don't let the door hit ya in the ass on the way out f__cker!
OH but if something good happens with the economy, then DC will elbow each other in the face to get to a camera and take credit for it.
"Victory has a 100 fathers..but eh..defeat is an orphan"
- The last non puppet President the U.S elected
Count Galeazzo Ciano? didn't know he was prez ever..........Oh, you mean JFK who stole the line from him. Gotcha.
yes but Kennedy popularized.
Seconded.
if only that were true!
what a sick country USA..
Well, I can't argue with you there, but inasmuch as all the central banks are buying gold together, and manipulating their markets together, we can't take all the credit. This is a global conspiracy between banks and soverign nations to save international banks at the expense of fiat currency. All countries are involved. We are just better at our corrupt practices than most.
Meanwhile, BAC is imploding.......down 8.5% TODAY!
BAC and C should both be broken up, dissolved and made to disappear. Both are insolvent.
They will be when the time is right. TPTB will use it as an excuse for unlimited fiscal/monetary easing and stimulus. BAC is a contingency plan for them and when the time is right the takedown will happen and the vultures will be fed. And we, as usual will be tasked with paying for disposal of the rotten corpse.
I understand that it could lead to a market crash, but the essential problem of chaotic functions is that you have instability at every point. So, I mean, obviously it could lead to a market crash. But, with a chaotic function anything could lead to a market crash. I guess my question is, why does this spike imply an increased instability beyond the normal instability of the market? I'm actually very curious, not trying to start an argument or anything.
IMHO lining up the charts above with the SPY, I can see some acceleration to the downside for some of the times, but little if any in others. The movement looks to be pretty much within the grass of the rest of the movements. I'm sure somebody's getting rich with this stuff, can't say that I really have a solid understanding of HFT. I'm with you, there's plenty more drivers out there for market manipulation, which frankly's been around since the markets were created right? Didn't ol' man Kennedy get his start on WS in the '20's playin' games? I bet the sun comes up tomorrow, maybe even the next day. Not sure about Monday though ... <sarc>
This is beyond absurd.
Bloomberg:
U.S. consumer borrowing jumped in June by the most in four years, led by a gain in non-revolving debt, including student loans.
Credit increased by $15.5 billion, three times as much as projected and the biggest gain since August 2007, after a $5.08 billion advance in May that was little changed from the previous estimate, the Federal Reserve said today in Washington. Economists forecast a $5 billion rise, according to the median estimate in a Bloomberg News survey.
So they are now on their last gasp. Use up the credit card for gas and food. And College kids. What a sham. They spend 5 to $105,000 on loans and then end up waiting tables in a restaurant or a part time job at Apple with 0 benefits. And the loans are due and as you all know cannot be discharged in court. Now that is taking care of the future of America.
Are system is so broken it amazes me that they are not marching in the streets yet.
BAC credt card
The borrower is a permanent slave to the lender. Americans cant get enough of it though, but whatever americans are smarter than the bible, WAY smarter.
'I may be in my bathrobe, but Im actually borrowing and studying at home for my worthless MBA which I'll put on my job application for part time waitressing at Applebees.'
DOW whipping back and forth on a minute to minute basis..somebody wants a green close baaaadddd! Thank you bankster overlords for another postive day..I will send my wife in shortly for your daily "servicing" and my young children will begin washing the Bentley right away sir!
Sit back and enjoy. That is desperation coming in trying to spur the HFT's to life to front run another.
ES just got jerked up into the green. What a BS market. Have to keep it above 1200!
TBT day high after a 2 day puke. Is anybody day trading this shit. I cannot believe anyone would try and make a buck in this broken market.
A true gambling addict bets no matter the odds. Win or lose the need the rush.
#41
in my 20 years as an investment professional i have never seen such a blantant example of market manipulation as has occured today.I can only believe that there is only one buyer in this market and we all know who that is.
The Fed?
TPTB are doing whatever they can to ensure we hold 1200 at the close.
The Fed can not create wealth any other way than by pumping the markets. They know it. We know it. It is their last hope to save the ship.
It is their last hope to save the banks...not the economy, not the dollar, just the banks. When viewed from that perspective, it all makes sense.
Think of it as the New Age Casino. They see our cards, deside our fate, collect their fair share as "Taxes".
Nothing to see, move along and Thanks For Playing. Come again.
I beg to differ. The third Thursday of August 2007 (when the discount rate cut was leaked, and then when it was announced right before the open on OPEX Friday) was more blatant manipulation. The short ban of 2008 was worse. This was just another rumor day.
The 3:30 spike in quote stuffing seemed to correlate with an overall market bouying.
Very interesting, eh?
This is not a "market". It is a venue for legalized theft.
Wall Street is for pirates who got seasick.
Fuck'n agrrr, I think this sums it up.
http://video.google.com/videoplay?docid=2498206364209961454#
#41
Mondays coming, and time ain't no friend of the eurojoke. Buy a weekend - rest up longs, you'll need it.
Let's see...
Amended-revised-amended GDP, IJC and NFP print badly
Spangliatti banks tanking
CDS rates on every country beginning with a letter soaring
Multi-lingual teleprompter-aided sheeple assaults every 20 minutes
Debt ceiling farce signed into law
Coordinated QE by Euro bailout coalition tripped
Sub-zero t-bill yields
Wisconsin rioting over wounded badgers or some such nonsense
Syrians shooting each other :D
Fukishima hits a 10-spot on the seivert meter
A-Rod wagering 100 time momofaders annual take in a poker ring
and...hold for it...
Gold gains $45/oz for the week.
They really compressed the spring in gold and silver. Wait for silver to pop back up and continue the trend, that should be very impressive. Ten bucks says it won't even take a month.
Boing!!!!
Hello $55 silver
Hellow $1700 gold.
Absolutely.
BTW, I think I speak for others in saying that I fear your avatar.
Anybody that has the money to move the market knows and see's what is going on. It's the e-tards and Amerifuc traders that will get cleaned out.
and their 401K's
FY2011 budget defict surpasses $1 Trillion... with two (2) more months to go:
http://finance.yahoo.com/news/USPS-posts-31-billion-loss-in-rb-239466000...
Debt ceiling hike = Kicking the can down the road
100% FUBAR!
The longer they can drag this out, the more profits the banks can make, both through the broken "market" and through pm stacking. They will do anything to keep the brakes on.
as the market clicks it's heals together.
It must close green, it must close green...............................
Must.....close S&P.....over.....1,200......must ...stick it to.....1201....
Looks like they just missed it. Regardless, I wonder how Monday is going to go down.
Yes.
This is all par for the course. The market is one 25% crash away from permanently losing the average investor. Which is exactly how it is supposed to happen; a generation of people swearing off the stock market for good. Then and only then will real change begin to emerge. For one reason- the political class will no longer feel pressured to point to markets as an excuse for their terrible decisions. Their constituents won't give two shits about the market. "The market is unstable, we need to do something that is ultimately bad for you but good for the market". Old response: "Oh, okay. Anything to save my 401K. I don't care that my purchasing power is eroding and my job opportunities fading. Seeing my investments appreciate make me feel good, and that makes me want to shop, shop, shop". New response: "GTFO". The market will transition back to what it is supposed to be: efficient capital allocater and a gambling den for the very well-off and degenerates.
S&P is stuck @ 1201 LOLOLOLOLOL
This is a riot !!!!!!!!!!!!!!!!!!!!!!
Just closed @ 1199.6666666666666666666666666666666666666666
Well, that circus is over. You imagine a new investor with a small margin account starting last week. Back to the TV for that person. Wiped out for sure.
Thank GOD !!!!!!! I woke up years ago. I give that credit to Zerohedge.com for giving me the information and tools to come out of my fiat induced Coma.
I tried to spread the word when I realized what a ponzi scheme this whole economy was.
Everybody thought I was on Drugs. I wonder how many scripts of Zanex they have went through since ? LOL Bitchez !
Thanks TD and the Zerohedge staff !
Is there anything besides paypal to donate to Zerohedge ?
A lot of worried looks around the office this week. I held back on the "I told you so"s. Most of them think they missed the boat on PMs. I told them they didn't, but most will make the same mistake twice.
Offering advice only gets you in trouble when they see some other gambler getting rich. They never see the gambler lose in the end.
I told an associate of mine that he should buy Gold to protect his money's buying power.
That was at $863.00
You know what he said ???????
"What, am I going to be a pirate now"
LOL I will never forget that !
I would have said AAARRRR Mateys!
Do HFT Algos Dream of Electric Sheep?
no, sheeple
EUR, AUD, GLD, and crude oil managed to hold off from being slaughtered.
As long as these 4 hold, I think an intermediate low is in.
Eventually, we'll run up to touch the 200-day, then we will probably fail.
QE will come just around the 200-day. Oil is just where it is supposed to be and may go down more (by luck), but I wouldn't count on it. Silver doesn't count. Gold will not be recognized by Benocide until debt can be monetized with it.
What's the problem, why are you all so upset? Why don't you just use these free sell signals and short the hell out of it everytime the "quote stuffing" occurs? I would be happy and make money all day long instead of complaining.
Maybe it is because this does not work at all because this alleged relationship is plain wong, it simply does not happen "everytime", only exactly 50% of the time, otherwise enough others would already have set up enough bots everywhere that do exactly that all day long.
Correct, you cannot give advice. My older brother has been ignoring me for years as regards gold. Says you can't do anything with it and the dollar will return to rule. I gave up long ago.
Robot, I cannot believe I am saying this. That is a good post and I agree.
doji eh?
Pigman robots are great, if you dont fall in love. Divorce is BLISS !
i pray the markets crash so american people will finally WAKE THE FUCK UP and realize what a fraud their country has been driven into by these leech sucking banksters and politicians. America is in dire need to move away from a debt based economy, however TPTB will never let this happen. "ohh if we cant raise the debt ceiling, the markets will crash" hey guess what news flash THEY FUCKING CRASHED ANYWAYS!!!!!!!!
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