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…
Major Flash Crashes in $AOL $NBR $NDAQ $CNQ $LO – all at 15:49:41 #HFT
— Eric Scott Hunsader (@nanexllc) May 13, 2014
As Nanex shows in great detail…
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 4 of the following completely independent stocks had a flash crash at exactly the same moment…
1. AOL.
2. CNQ.
3. LO.
4. NBR.
And the other stocks that participated in this "anomaly"
- AMT
- AOL
- AVY
- CAT
- CNQ
- DFS
- DNB
- LO
- LUV
- MPC
- NDAQ
- NBR
- OCR
- PSA
- PSX
- WU
- XRX
via Zero Hedge http://ift.tt/1lb1yQg Tyler Durden