Submitted by Tyler Durden on 02/28/2012 13:45 -0500
Circuit Breakers
Exchange Traded Fund
Presented with little comment except absolute incredulity that this is still occurring day-in and day-out with no real discussion beyond our friends at ITG...
*SHORT MUNI ETF PAUSED BY CIRCUIT BREAKER ON RISE OF UP TO 43%
SMB just jumped 43% in seconds on a string of 100/200 lot trades cascading up and then disappearing as circuit breakers halted it.

and courtesy of our friends at NANEX:
From $17.84 to $25.54 in 5 seconds!

ALL HAIL THE ALGOS!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.zerohedge.com/news/broken-market-short-muni-etf-flash-smash-43?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.