by Andrew Hoffman
The first thing to go will be the success of manipulations like the 12:00 PM EST “cap of last resort” – which strangely, has “morphed” closer to 11:30 AM EST in the past year or so, after a decade of showing up at the “same Bat-time, same Bat-channel.”
[…] …as opposed to tried-and-true “2:15 AM” raids – as we’ve seen on 612 of the past 702 trading days; Precious Metal “flash crashes” in the wee hours of the night; and to the contrary, the “dead ringer” algorithm on the “Dow Jones Propaganda Average” I first wrote of four years ago – which shows up roughly three-quarters of all trading days, including eight of the last nine. Let alone, the “DLITR,” or “don’t let it turn red” algorithm – which you can see below, was used eight times yesterday alone. This, on a day in which the day’s biggest news was a downward revision of January personal spending as dramatic, and “unexpected,” as last week’s revision of January retail sales.