Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more

Down goes Hilsenrath, down goes Hilsenrath, down goes Hilsenrath..... I knew he was jawboning and lying all the time..... even the WSJ lacks credibility!

charilie gaspirono said he knew the cfo of knight
somewhat well and that he was "a standup guy"

charlie also said that knight said that this
was NOT a result of a hacking incident

charlie also said he was talking w/ friends and
that it is actually quite EASY for these algos
to blow up like this

so don't worry everyone charlie said this guys a friend
its not hacking and all this stuff is routine

back to olympics for you

KCG now down 28%, 7.35 low of day

$10 puts now +1800%, 2.80:

[link to img14.imageshack.us]

Some made plenty from KCG's sell off

but the market wants to go up, low volume, no fed, doesn't matter

green close

Doom on!

6.87 -3.46 (-33.49%)

LOL OMG

Doom on!

6.87 -3.46 (-33.49%)

LOL OMG

Wasnt there alot of action on the day before 911? is it possible the market is volitile because something is in the wind?
And by the way, the Germans tracked down all the people who made MASSIVE profits on 911 and nothing was ever done about it, why not. How did they know.
just a thought.

Didn't they also announce 2 Trillion missing just before 911? Strangely enough they've just announced '9' Trillion missing....

Woooa LOL

charilie gaspirono said he knew the cfo of knight
somewhat well and that he was "a standup guy"

charlie also said that knight said that this
was NOT a result of a hacking incident

charlie also said he was talking w/ friends and
that it is actually quite EASY for these algos
to blow up like this

so don't worry everyone charlie said this guys a friend
its not hacking and all this stuff is routine

back to olympics for you

yep

Thread: 9 trillion missing from Federal Reserve and Federal Reserve says that we don't know where it is.

Someone inserted a new algorithm/ high frequency trading software into their ponzi scheme and did not let TPTB in on it.

BUWAHAHAHAHAHAHHAHAHAHAHHAHAHAHAH

Turds!

I'm a computer programmer, and I've done some pretty complex algorithms, but not for the stock market.

It's not easy for algorithms to 'blow up', they should be used as transactions, and if one errors it aborts and rolls back before sending results; so nothing is sent.

Either they hired some 16 year old kiddy scripters or they are lying.

Here, a story on that one

[link to dealbook.nytimes.com]

AUGUST 1, 2012, 10:19 AM

Hedge Fund Titan Plans to Return $2 Billion to Investors

Louis M. Bacon, who together with Paul Tudor Jones and George Soros has come to define this style of high-stakes macro investing for more than 20 years, said in a letter to his investors on Wednesday that he would be giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

He cited 18 months of what he called “disappointing” investment returns — and a particularly tough second quarter this year when his main fund was down 3.18 percent.

But with senior political figures in Europe favoring summit meetings, bailouts and more austerity as opposed to recognizing losses, making a bet that would move the needle on an $8 billion asset pile became difficult.

“The political involvement is so extreme — we have not seen this since the post-war era,” Mr. Bacon said. “And what they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”

Quit thinking of this as a glitch or a mistake, this is a robbery, so... Follow the money!

I wanted to tell you some of the details I learned this afternoon

fascinating

even my friend the quant does not think this is normal in any sense...and he used to work for KCG writing exactly the algos that blew up this morning

Im up about 300% on $EWZ puts. They ran up emerging market ETFs on the blah blah BS about the pumping by the fed, ECB

However, China is falling apart, Brazil is way overbought for now. It will go the way of India, and the other emerging market stories which have been the story for the past decade

Nothing against those countries, but everything is cyclical, and nothing goes straight up. It reaches a point you cannot pump more money into a developing economy without triggering massive inflation, which makes their exports uncompetitive, and leads to a loss of the very fundamentals which made it an attractive investment to start with

EWZ, EEM shorts on any overbought RSI chart is as close as you get to an easy trade in this awful market

But unless you have nerves of steel, and are willing to only risk very little and take profits fast, I wouldn't recommend most be in this

It really does feel more and more like we are in the end game for the markets, like the tissue paper holding the machine together is tearing apart

hope I'm wrong

Sorry, I was signing in on my iphone, and I can't do much while I'm on that, it's a pain in the ass....

So you use indicators?