Today's Flash Crash In Century Aluminum Stunningly NOT Brought To You By Waddell & Reed

Time for our now daily flash-crash segment. After on Friday, LQD flash crashed and several tens of thousand shares traded courtesy of some rogue algo, only to be DKed subsequently, a crash that mind you saw the very suspicious absence of Waddell & Reed in its execution, it is about that time, when 24 hours later we need, nay demand, another flash crash. After all why would all those who claims our markets are beyond busted be taken seriously if there wasn’t a daily flash crash somehow, somewhere. Luckily, here comes Century Aluminum (CENX) to prove all those naysayers absolutely correct once again. Oh, and just like in LQD and who knows how many times before, no circuit breakers were triggered: remember that SEC lie that stocks would never drop below 10% of the NBBO following some latent version of SkyNet hitting the tape? A week ago we demonstrated out how PGN dropped from $44 to $4 in one millisecond. Today, CENX dropped by 17% (way beyond the circuit breaker threshold), before trading resumed at previous levels. As for all those who made a killing by taking advantage of broken algorithms? Sorry, you are out of luck again – several hundred thousand shares ended up in the trash basket again.