Submitted by Tyler Durden on 05/11/2012 23:07 -0400
Consumer Confidence
GOOG
If there is one thing Nanex does with absolute perfection, as in the case below, it is to show how the New stock market Normal is best suited for various robotic creatures, and ideally to be avoided enitirely. Because surely after years of warning, and daily observations, including perfectly recurring events like the Flash Crash, at this point the farce that is the market should be known to everyone.
From Nanex:
New Level of Quote Insanity
We knew something was different about today. The following graphic neatly captures it. It shows the 15 minute average percentage of quotes considered excessive each minute (over 500 quotes per second per stock) between January 2010 and 11-May-2012 (plotted as thick red line). Note how this line was persistently high the entire day relative to trading days in the past. This probably explains the crazy high quote rates and prices shown in the charts below.
Excessive Quote (Percent)
Lot of charts. There are hardly any humans left in this scam of a market!!!!!. I want front row seats when the algos start eating each others throat. Popcorn optional.... or is that optionable.....
http://www.zerohedge.com/news/new-level-stock-market-quote-insanity?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.
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