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alutacontinua
#5241 Posted : Wednesday, February 07, 2018 7:12:46 PM
Rank: Member


Joined: 3/23/2011
Posts: 302
murchr wrote:
alutacontinua wrote:
murchr wrote:
Ericsson wrote:
$4 trillion wiped out since last week


The Dow closed +500 points at EOB Tuesday.


Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High)



13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday


Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
murchr
#5242 Posted : Wednesday, February 07, 2018 7:17:29 PM
Rank: Elder


Joined: 2/26/2012
Posts: 12,146
alutacontinua wrote:
murchr wrote:
alutacontinua wrote:
murchr wrote:
Ericsson wrote:
$4 trillion wiped out since last week


The Dow closed +500 points at EOB Tuesday.


Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High)



13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday


Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low.


Say what again? Highest drop in points is not equal to highest % drop.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
alutacontinua
#5243 Posted : Wednesday, February 07, 2018 7:22:50 PM
Rank: Member


Joined: 3/23/2011
Posts: 302
wukan wrote:
alutacontinua wrote:
http://www.cmlviz.com/cmld3b/index.php?number=11930&app=news&cml_article_id=20180206_the-astonishing-story-behind-what-really-happened-to-xiv

The short volatility trade has been a cash cow for institutions for some time due to the extremely low interest rate environment...Monday's selloff and spike in the VIX looks to have caused a large number of margin calls after hours. Credit Suisse and Nomura are now looking to redeem their VIX Inverse ETN as the closure clause in their prospectus were triggered.

https://www.reuters.com/...ts-tumble-idUSL4N1PW26S

https://www.ft.com/conte...-11e8-8eb7-42f857ea9f09

https://www.barrons.com/...ills-one-etn-1517931789


Nomura redeeming at 96% discount that's $300m almost wiped out betting that markets will remain stable. Burnt to recognition.


There was a clause that stated all this and yet guys piled on the trade...also noticed a number of posts on twitter of day traders who blew their accounts shorting the VIX. Here is a summary of one trader who lost 4 million USD on Monday...

https://www.zerohedge.co...ars-work-here-his-story
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#5244 Posted : Wednesday, February 07, 2018 9:42:23 PM
Rank: Member


Joined: 3/23/2011
Posts: 302
murchr wrote:
alutacontinua wrote:
murchr wrote:
alutacontinua wrote:
murchr wrote:
Ericsson wrote:
$4 trillion wiped out since last week


The Dow closed +500 points at EOB Tuesday.


Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High)



13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday


Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low.


Say what again? Highest drop in points is not equal to highest % drop.


The dow jones has made a pull back of ~13.5% from its all time high.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#5245 Posted : Tuesday, February 13, 2018 4:56:02 PM
Rank: Member


Joined: 3/23/2011
Posts: 302
https://www.bloomberg.co...ons-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
Angelica _ann
#5246 Posted : Tuesday, February 13, 2018 5:30:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 8,095
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Swenani
#5247 Posted : Tuesday, February 13, 2018 8:27:04 PM
Rank: User


Joined: 8/15/2013
Posts: 12,020
Location: Vacuum
Angelica _ann wrote:
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!

smile smile
Masukuma is doing well
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
obiero
#5248 Posted : Tuesday, February 13, 2018 8:29:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 8,190
Location: nairobi
Angelica _ann wrote:
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!

Very familiar
www.winda.co.ke
hisah
#5249 Posted : Wednesday, February 14, 2018 4:50:19 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
obiero wrote:
Angelica _ann wrote:
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!

Very familiar

Quote Stuffing - HFT malpractice which is a known issue but has never been dealt with by the regulator.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
lochaz-index
#5250 Posted : Wednesday, February 14, 2018 12:38:22 PM
Rank: Member


Joined: 9/18/2014
Posts: 756
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.

The shorts got thoroughly whacked by this one. Cracker of an year opener which could be characterized by wild swings in total contradiction to 2017. Wonder what it will look like once everyone realizes the bond honeymoon is over.
The main purpose of the stock market is to make fools of as many people as possible.
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