Algos Gone Wild

August 1, 2012 By 5 Comments

Forget ‘fat finger’, today’s auto-sell dump has been correctly labeled algos gone wild.
Premarket info discusses this morning’s rogue algorithm that wreaked havoc on as many as 148 stocks (as well as silver which plunged $1 almost instantly) on today’s open for 30 minutes straight.


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Comments

  1. Avatar of croc987 croc987 says:
    August 1, 2012 at 1:50 PM

    Nice video but it would be better if it showed a wet t-shirt contest. 

  2. Avatar of ScandicSm ScandicSm says:
    August 1, 2012 at 1:53 PM

    There are no coincidences. Maybe this is the foreplay to JPMs silvershorts ..then blame it on the Algos or stuxnet :)

  3. Avatar of Argyrion Argyrion says:
    August 1, 2012 at 2:46 PM

    This is just financial musical chairs.  Create diversions, static, disconnect to the markets.  I think they are just driving small players out so that only a few can be the Masters.  They are just feeding off of each other now that there is no money in the system to take in and steal.

  4. Avatar of Silvergood1 Silvergood1 says:
    August 1, 2012 at 4:23 PM

    This is another example on how corrupt our current financial system has become.  You must get out of all paper financial instruments now….before it is too late.  This is another sad example of a rogue software system controlling a stock.  Sadly, as the financial mess gets worse, we will see more of this and people will get smacked.

    Buy as much physical precious metals NOW, as you can afford.

  5. Avatar of Ed_B Ed_B says:
    August 2, 2012 at 12:11 AM

    Well, gee… here we have the high frequency traders sucking it down sideways for a change.  GOOD ON ‘EM!  Enjoy it, boys.  You’ve worked hard to get in this position.  Well 
    earned, well deserved!

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