Something very strange going on

Stocks gapping up 10%, gapping down 10%, and no story about this?

This just on ZH:

RT @zerohedge
Broken Market Chronicles: Initial Forensic Visual Evidence Of This Morning's Algo Freak Out [link to DON'T_USE_THIS.com] > $KCG $SPY


Broken Market Chronicles: Initial Forensic Visual Evidence Of This Morning's Algo Freak Out

Submitted by Tyler Durden on 08/01/2012 10:27 -0400

Capital Markets Exchange Traded Fund fixed Louis Bacon NASDAQ Nat Gas New York Stock Exchange


Anyone who has had the displeasure of trading this market since the open will be well aware that the massive selling that started at 3:59:57 PM yesterday just as we showed, appears to have continued into today, after an algo, supposedly one impacting NYSE stocks this time, and proving that the entire market is a broken joke, not just Nasdaq and BATS, and one which is linked to Knight Capital, has continued this morning, sending countless stocks into the proverbial "batshit" formation, with moves of 10% higher and lower for no apparent reason.

That's ok: the SEC and various other regulators are all over it, and will guarantee that the markets "are fixed." In other news, today we will report the latest massive outflow from domestic media funds. In the meantime, here are the first two picture of stocks getting pounded in super slo-mo courtesy of Nanex. Behold "perfectly normal" bids, offers and prints.

This is UNG: probably the most comprehensive way for retail investors to bet on nat gas. Not anymore: the ETF freaked out just as bad as hundreds of individual stocks.