Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:32 AM Report Abusive Post Report Copyright Violation | No print story yet. Many stocks gapped down over 10% Quoting: Baltar NITE the market maker is experiencing 'technical difficulties' Even ZeroHedge doesn't have a story yet The news crew at BBR are trying to be cool about it, but right now Knight Capital Group is down over 10% Knight August 10 puts are up 600% Developing story.... Breaking > Big hedge fund closing, returning $2 billion to investors Says that the lack of liquidity and trading environment making it near impossible to make gains.... The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 7221911 Canada 08/01/2012 10:34 AM Report Abusive Post Report Copyright Violation | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:35 AM Report Abusive Post Report Copyright Violation | 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.” Last Edited by Baltar on 08/01/2012 10:40 AM The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 10478415 United States 08/01/2012 10:38 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 3297006 United States 08/01/2012 10:41 AM Report Abusive Post Report Copyright Violation | zerohedge had an article about yesterdays strange close and the dumping of the e-mini contracts and what that would have meant if it had happened any earlier in the session over 80% of the tradeing is computer to computer they're about to go crazy those kooky computers |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:42 AM Report Abusive Post Report Copyright Violation | 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. The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 3297006 United States 08/01/2012 10:43 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 3297006 United States 08/01/2012 10:45 AM Report Abusive Post Report Copyright Violation | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:46 AM Report Abusive Post Report Copyright Violation | I am recommending: $GS $95 weekly puts $EWZ $52 and $50 weekly puts $FAZ $23 weekly calls $SPY 133 lotto puts @ .10c Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart Risky The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 20503601 United States 08/01/2012 10:48 AM Report Abusive Post Report Copyright Violation | Here, a story on that one Quoting: Baltar [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.” THis was just repported on CNBC. Also said something about..."looking into whipping action at open of the market/strange trading action"........... that is not a direct quote. |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:48 AM Report Abusive Post Report Copyright Violation | it's funny ticker symbol for knight capital Quoting: Anonymous Coward 3297006 kgc kinross gold which has a little crash this morning kcg maybe the computers are illiterate Watch them try and make this go green, but this feels dead wrong It feels like there is some big news in the wings, which is scaring traders Not sure what that is, but many charts are seriously overbought on my indicators May be the Fed disappoints as far as QE, it may be Europe which doesn't carry through on its promise to save Spain and Italy (which they never could do) I would be in cash and some lotto puts, jmo The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 3297006 United States 08/01/2012 10:49 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20582960 United States 08/01/2012 10:50 AM Report Abusive Post Report Copyright Violation | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:50 AM Report Abusive Post Report Copyright Violation | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:52 AM Report Abusive Post Report Copyright Violation | |
In-Situ
User ID: 1332385 United States 08/01/2012 10:55 AM Report Abusive Post Report Copyright Violation | I am recommending: $GS $95 weekly puts $EWZ $52 and $50 weekly puts $FAZ $23 weekly calls $SPY 133 lotto puts @ .10c Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart Risky Huh... whaaa...? In-Situ |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 10:55 AM Report Abusive Post Report Copyright Violation | Trading in 148 securities "under review" Will people who got stopped out by a 10% plunge get their money back? The casino is experiencing "technical difficulties" Last Edited by Baltar on 08/01/2012 10:56 AM The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 20770363 Canada 08/01/2012 10:57 AM Report Abusive Post Report Copyright Violation | I am recommending: $GS $95 weekly puts $EWZ $52 and $50 weekly puts $FAZ $23 weekly calls $SPY 133 lotto puts @ .10c Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart Risky No BAC 10/11 Aug 17 puts? |
Anonymous Coward User ID: 18602520 United States 08/01/2012 10:58 AM Report Abusive Post Report Copyright Violation | Trading in 148 securities "under review" Quoting: Baltar Will people who got stopped out by a 10% plunge get their money back? The casino is experiencing "technical difficulties" Yup, was just looking at the tickers, no activity going on. Should be interesting to see what it is when it comes back online. |
Anonymous Coward User ID: 20812641 Canada 08/01/2012 10:59 AM Report Abusive Post Report Copyright Violation | Trading in 148 securities "under review" Quoting: Baltar Will people who got stopped out by a 10% plunge get their money back? The casino is experiencing "technical difficulties" Someone inserted a new algorithm/ high frequency trading software into their ponzi scheme and did not let TPTB in on it. BUWAHAHAHAHAHAHHAHAHAHAHHAHAHAHAH Turds! |
Anonymous Coward User ID: 10478415 United States 08/01/2012 11:00 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 3297006 United States 08/01/2012 11:02 AM Report Abusive Post Report Copyright Violation | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 11:05 AM Report Abusive Post Report Copyright Violation | Trading in 148 securities "under review" Quoting: Baltar Will people who got stopped out by a 10% plunge get their money back? The casino is experiencing "technical difficulties" Someone inserted a new algorithm/ high frequency trading software into their ponzi scheme and did not let TPTB in on it. BUWAHAHAHAHAHAHHAHAHAHAHHAHAHAHAH Turds! ^^ I think there is some truth in this ^^ The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Anonymous Coward User ID: 18912621 United Kingdom 08/01/2012 11:06 AM Report Abusive Post Report Copyright Violation | I am recommending: $GS $95 weekly puts $EWZ $52 and $50 weekly puts $FAZ $23 weekly calls $SPY 133 lotto puts @ .10c Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart Risky You EWZ put spread looks pretty tidy from where i'm sitting... |
Anonymous Coward User ID: 3579277 United Kingdom 08/01/2012 11:09 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20503601 United States 08/01/2012 11:10 AM Report Abusive Post Report Copyright Violation | Per CNBC: Knight Capital Group shares down %10. "We are looking into trading issues" Speculation is: Possible 'algo' problem at market open - massive amount of orders,at open for most stocks. 300 million shares traded by 10 am when usually it is 100 million or under. weird gyrations in stocks. |
Anonymous Coward User ID: 3297006 United States 08/01/2012 11:10 AM Report Abusive Post Report Copyright Violation | |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 11:11 AM Report Abusive Post Report Copyright Violation | I am recommending: $GS $95 weekly puts $EWZ $52 and $50 weekly puts $FAZ $23 weekly calls $SPY 133 lotto puts @ .10c Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart Risky You EWZ put spread looks pretty tidy from where i'm sitting... 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 The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~Marcus Aurelius |
Baltar
(OP) User ID: 14348632 United States 08/01/2012 11:12 AM Report Abusive Post Report Copyright Violation | |
Cammi
User ID: 1907412 United States 08/01/2012 11:13 AM Report Abusive Post Report Copyright Violation | |