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Let's tell the wrap-up like it really is: the bullshit market did it's bullshit computer thing.
They definitely forgot three Asimov's Laws while designing HFT algorithms:
- A robot may not injure a human being or, through inaction, allow a human being to come to harm.
- A robot must obey any orders given to it by human beings, except where such orders would conflict with the First Law.
- A robot must protect its own existence as long as such protection does not conflict with the First or Second Law
The Elitist HFT owners do what they always do. They drained the shorts who went in today.
When the shorts leave. They will drain everybody else.
This market is the Real Ponzi Scam. Where the hell is the SEC.
Oh Yeah, the lost, (destroyed), all the stuff to put the Bank CEO's in Jail. Why hasn't any of them gone to jail yet.
They have spoken. It is what it is. The evidence is the result. Nothing ZH readers don't understand. Not a trader. I'd be a fool. You've taught me better.
There was nothing unusual about today's action.
The market turned due to the sellers being pretty much exhausted and too much put buying and too many gamers buying the triple whammy inverse ETF's.
Everyone got a heads up with the relative strength last week found in tech and retail stocks, and the lack of any meaningful decline in the CRB Index the last week or so.
Friday's 6.88 TRIN reading and today's -1608 TICK was the sign that there was too much panic selling on hardly any volume.
here's an idea, how about you take a minute and go get a cup of Fuck Off ?
Robo no one likes you or your constant harassment posts around here, as if you 'know something' no one else does. Your recent stated trades are abysmal losers, like your reposting of your blogs that you should be all-in at 12,800 for the big debt ceiling run up. Every trade youve POSTED is a total loser, go away you dont know jack shit and are a terrible trader.
Retail investors: raped. As I've repeatedly said, if mom-and-pop traders could sit inside a trading floor for just one day, or watch an HFT in action, or especially see Asian traders in action (where insider trading and concerted action is rampant), they would never, ever purchase another security on the "efficient" markets.
All of it is rigged, corrupted to the core with insider trading, front running, and HFT.
HFT wipes out everyone. Is there going to be any relief from these guys? I see great traders throwing in the hat every week. Almost impossible to trade this market. Anyone have any good way to play them? Cheers!
....I don't 'get it'.
HOW can we go from rule 48 to up +68?
What ?..............are you trying to bring Captcha's back ?
FT reporter on Nanosecond money over at the BlowHorn[CNBC] confirms...China has made NO commitment. The story is over a week old, and is the story of Italy courting China...nothing more.
Once again, the market is made to jump on banker friendly reporter statements...misconstrued for long enough to book 1162 on the S&P.
And once again, real capital heads for the hills...and the Greater American Depression rolls on as a result.
Its so pathetic now, markets can rise 300 points on some rumor everyone knows is BS, but theyre so desperate they allow it and make it stick. FOR WHAT PURPOSE? To live to play another day? These people are all criminals, they should all be on INTERPOL warrants.
So, when China officially denies this by market open futures should be down -300 or so wiping out all the ramp and confirming back to bad news for Italy. WTF....day after day slow grind to oblivion.
Correct...ALL OF IT.
It is all they know, Dog. We are talking about people who are not in any way, shape, or form....productive. They make nothing. As the Ponzi collapses, they have nowhere to go and nothing to do. They are known by the public for what they are, and they are every bit as hated as DC politicians...more so, even.
They will fight...until the Flight of the Lear Jet Exodus commences. And it will....mark it, Dog. You will see these guys taking off...fleeing. And that is when it will be over, and America can finally begin to heal.
Because that was what the rule was set up for...UP markets not down ones.
The "china is buying piigs bonds" rumor would have been widely hailed and accepted here if only it had been gold instead of bonds.
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