Wrong country, wrong continent, wrong ideology, wrong, wrong, wrong, all around. You must be European. Lol. That won’t fly here! How stupid to keep buying back stock if they can’t afford to! Did they just start killing off all of the bond holders so that they wouldn’t have to pay them back? Any company or bank will be forced to liquidate assets, to accommodate bond holders.
Just like:
RHS Jr
February 5, 2018 11:28 pm
If the Central Bankers don’t make all the Big Bankster’s bad loans “good” (that they compliantly made to make Obama look good), it will start raining Dead Central Banker Bodies.
Well, Fischer, Dudley, Lacker, Tarullo, and Yellen are gone so far. That’s a good start. I don’t think that murder is necessary. They are resigning world wide. Fini!
Let the corrupt bankers go to prison.
Andrea Iravani
February 6, 2018 1:01 am
Maggie
February 6, 2018 2:08 am
I like this longer version… (I’m sure a lot of you have heard a lady say that)
Funny! Thanks. On Zero Hedge last year, they had a video of a BLM anti Trump protest teacher. I looked for the video and article, and couldn’t find it because of algorithm changes, but the woman said,” we need your houses, we need food, we need your money, so just give us your fucking money, and walk away.” I thought, is she running to replace Yellen at the time.
Administrator
Author
February 6, 2018 6:30 am
by Karl Denninger
Quick Note On the Downdraft
There is another Ticker in the queue, but this is what you need to take home with you this evening.
The computers were all shut off today.
All those HFT machine? Gone. Liquidity in the /ES futures all day looked like something out of Lord of the Flies. There were entire brackets in the bid/offer stack that had single or two-digit contracts being bid or offered for hours at a time; for context a normal daytime market has hundreds to low thousands all day long.
This is what you get when you allow “HFT” dudes to take over and basically own the stock market; they’re faster, they cheat with their bid-rigging and spoofing schemes, and since they’re colocated they can beat any human, anywhere, no matter how much capital you have.
But robodudes have no obligation to be there at all, and today they were not.
So one person sells 100 contracts and clears several handles — not ticks, handles — at once.
That’s what was going on all day today. And worse, it’s going on right now, with literal single digit contract counts — again, extremely abnormal even for this time of night.
It’s why the /ES is off another 50 handles, plus roughly 40 it was off between the close and lockup, so roughly another 90 points. It’s also why the Dow is off another 1,000 right now as I write this. This didn’t happen during the ’07 and ’08 downdrafts, but it’s happening now.
You could have demanded this crap stop years ago. But nooooo! You liked it when it drove the market higher. Trump liked it too. But there’s no law that says these guys have to play and they drove out all the manual traders, who simply couldn’t make a decent living anymore. Either have a computer running some “strategy”, pay for ridiculous colocation costs and “super speed” connections or inevitably get chewed up one tick at a time.
So you let the cheating go on for nearly a decade, and some of you made a lot of money. Today you saw how fast it all can turn into red vapor.
The bad news — really bad news — is that there were things that blew up today. You won’t be told what, because lying is a business model, remember — just like last time. But I assure you — they did, and the foundation has been critically damaged. That which we call “the market” will come down like the Twin Towers. It is now simply a matter of time.
More on that in the Ticker to come.
Pat yourself on the back America, and especially those of you who support and screech praise for tinypenis Trump. This party is just getting started, and while there will be a nice pause not one in a thousand of you will saunter out the door in what will be your last opportunity.
Wow! Thanks Karl! Tyler said that there is likely a massive short covering position in XIV propelling the market in a dizzying spin of confusion once again for about the 4th time since last night I think. I’ve been a market spectator since the 87 crash. It then became a full time obsession in about 94. I disconnected my TV in 2016, so not quite as much.
Trump says that he would love to see a government shut down, and the markets go hog wild!
ah, the joys of the Banksters
AND IT’S GONE
And so is Newsweek:
http://dailycaller.com/2018/02/05/monday-massacre-at-newsweek/
Not to worry. I’m sure they can all find jobs at places like MAD Magazine.
It’s more accurate than Newsweek ever was…
Zap comics is more like it.
Just wait till they get done with CNN! It’s coming.
I hope so.
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Didn’t this worthless rag go “all digital” a few years back?
Did they crank up the presses for one last laugh there?
Are you trying to terrorize us with that magazine cover Steve C?!
Pretty scary, but typical Newsweek reporting.
The previous editor Jon Meacham called Obama G*d, no wonder they are in chaos.
The guy was a frickin idiot.
https://www.politico.com/story/2010/05/jon-meachams-week-from-hell-037292
An Online Debate With An Atheist As The World Turns, And The Market Crashes
Peace,
Andrea Iravani
Tyler, are the banks going to ask for a $700 trillion bailout?
https://www.zerohedge.com/news/2018-02-05/it-traders-panic-xiv-disintegrates-after-close
I vote no!
I see nothing, I was not here, I did not even get up this morning!
You spelled bail-in wrong.
Wrong country, wrong continent, wrong ideology, wrong, wrong, wrong, all around. You must be European. Lol. That won’t fly here! How stupid to keep buying back stock if they can’t afford to! Did they just start killing off all of the bond holders so that they wouldn’t have to pay them back? Any company or bank will be forced to liquidate assets, to accommodate bond holders.
Just like:
If the Central Bankers don’t make all the Big Bankster’s bad loans “good” (that they compliantly made to make Obama look good), it will start raining Dead Central Banker Bodies.
Well, Fischer, Dudley, Lacker, Tarullo, and Yellen are gone so far. That’s a good start. I don’t think that murder is necessary. They are resigning world wide. Fini!
Let the corrupt bankers go to prison.
I like this longer version… (I’m sure a lot of you have heard a lady say that)
Funny! Thanks. On Zero Hedge last year, they had a video of a BLM anti Trump protest teacher. I looked for the video and article, and couldn’t find it because of algorithm changes, but the woman said,” we need your houses, we need food, we need your money, so just give us your fucking money, and walk away.” I thought, is she running to replace Yellen at the time.
by Karl Denninger
Quick Note On the Downdraft
There is another Ticker in the queue, but this is what you need to take home with you this evening.
The computers were all shut off today.
All those HFT machine? Gone. Liquidity in the /ES futures all day looked like something out of Lord of the Flies. There were entire brackets in the bid/offer stack that had single or two-digit contracts being bid or offered for hours at a time; for context a normal daytime market has hundreds to low thousands all day long.
This is what you get when you allow “HFT” dudes to take over and basically own the stock market; they’re faster, they cheat with their bid-rigging and spoofing schemes, and since they’re colocated they can beat any human, anywhere, no matter how much capital you have.
But robodudes have no obligation to be there at all, and today they were not.
So one person sells 100 contracts and clears several handles — not ticks, handles — at once.
That’s what was going on all day today. And worse, it’s going on right now, with literal single digit contract counts — again, extremely abnormal even for this time of night.
It’s why the /ES is off another 50 handles, plus roughly 40 it was off between the close and lockup, so roughly another 90 points. It’s also why the Dow is off another 1,000 right now as I write this. This didn’t happen during the ’07 and ’08 downdrafts, but it’s happening now.
You could have demanded this crap stop years ago. But nooooo! You liked it when it drove the market higher. Trump liked it too. But there’s no law that says these guys have to play and they drove out all the manual traders, who simply couldn’t make a decent living anymore. Either have a computer running some “strategy”, pay for ridiculous colocation costs and “super speed” connections or inevitably get chewed up one tick at a time.
So you let the cheating go on for nearly a decade, and some of you made a lot of money. Today you saw how fast it all can turn into red vapor.
The bad news — really bad news — is that there were things that blew up today. You won’t be told what, because lying is a business model, remember — just like last time. But I assure you — they did, and the foundation has been critically damaged. That which we call “the market” will come down like the Twin Towers. It is now simply a matter of time.
More on that in the Ticker to come.
Pat yourself on the back America, and especially those of you who support and screech praise for tinypenis Trump. This party is just getting started, and while there will be a nice pause not one in a thousand of you will saunter out the door in what will be your last opportunity.
Wow! Thanks Karl! Tyler said that there is likely a massive short covering position in XIV propelling the market in a dizzying spin of confusion once again for about the 4th time since last night I think. I’ve been a market spectator since the 87 crash. It then became a full time obsession in about 94. I disconnected my TV in 2016, so not quite as much.
Trump says that he would love to see a government shut down, and the markets go hog wild!
https://www.zerohedge.com/news/2018-02-06/id-love-see-shutdown-trump-threatens-schumer-shutdown-over-immigration-laws
https://www.marketwatch.com/story/stock-market-live-blog-wall-street-lower-as-selloff-extends-to-3rd-day-2018-02-06
Peace,
Andrea Iravani
So, if this is the start of the crash we’ve been talking about for years, well, fuck. Time to gird the loins.
“It” didn’t go away,”it” just went somewhere else.
Come one everybody, you’re not newbs around here.
Well, I for one am glad that CRASH is over. We’ve been waiting and worrying over that for years.
Still buying the PM dips…