UPDATE: *NYSE REVIEWING TRADES FOR 'AOL,' 'NBR,' 'MPC,' 'LO,' 'CNQ' FROM 3:49:00PM-3:51:00PM ET
By now it is clear to everyone that the market is rigged, manipulated and broken. But this rigged, manipulated and broken? Honestly, we don't know, hence our question: is this now "normal" or are these just the death throes of a "market" busted beyond all repair?
AMZN stock trades in a 50c range for 4 hours after today's HFT hearing (following which nothing as usual will happen) ends, as if to make a statement..
FLAT (a Treasury Flattener ETF) offer went from $58 to $4000 in 5 seconds...
And then there's this...
15:49:41 Flash Crash Event
On May 13, 2014 at 15:49:41, a dozen or more large cap stocks suddenly jumped or dropped in price. A few charts below.
All of the following completely unrelated and independens stocks had a flash crash or smash at exactly the same instant.
On May 13, 2014 at 15:49:41, at least 28 stocks suddenly jumped or dropped in price in what can only be viewed as a flash-crash (or smash).
Just remember: as long as the general direction of the market is up and to the right, nobody cares.
Here's all 28 stocks affected...