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...And The NYSE Breaks

Tyler Durden's picture




We are shocked the "Red Alert" is happening a full day after the exchange allowed the biggest selloff in many months to occur.

Update: here is where readers can dial in to hear about the NYSE meltdown first hand

Bridge Line- 888-669-2803

Access # - 7956260




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Wed, 05/05/2010 - 11:05 | Link to Comment Zombie Investor
Zombie Investor's picture

I suspect it never happens on an up day, because there's no volume on those days...

Wed, 05/05/2010 - 11:07 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"...And The NYSE Breaks"

Just like I "accidentally" tripped over the power cord to my sons PlayStation when he refused to shut it down for bedtime. Next we'll be told the parts to fix it are on a slow boat from China.

Everyone go home, nothing to see here.

Wed, 05/05/2010 - 11:09 | Link to Comment Hephasteus
Hephasteus's picture

I wonder if NYSE has a red ring of death.

Wed, 05/05/2010 - 11:10 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I just had a thought. Does this mean the co-located HFT computers were also having a problem or were they problem free because of their ....er.....location?

Wed, 05/05/2010 - 11:21 | Link to Comment Hephasteus
Hephasteus's picture

None of it's broken they just pull the plug on the hand held devices so the computers that "make shit up" can create the bullshit that the computers that "process real stuff" don't know there isn't any "made up shit" ready to be real. Because you can't sell fiat donuts till you get your 1s and 0 ducks in a row.

Wed, 05/05/2010 - 12:44 | Link to Comment UGrev
UGrev's picture

A déjà vu is usually a glitch in the Matrix. It happens when they change something -The Matrix

Wed, 05/05/2010 - 11:11 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Old tricks are the best tricks.

Wed, 05/05/2010 - 11:19 | Link to Comment Mitchman
Mitchman's picture

A North Korean submarine did it.

Wed, 05/05/2010 - 12:11 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Come on, it had to be the Greeks.

Same as when the report about Christ being crucified by Puerto Ricans 

Wed, 05/05/2010 - 11:21 | Link to Comment citizen2084
citizen2084's picture

Connectivity partly restored...just who might get the connectivity first, hhmmm...

Wed, 05/05/2010 - 13:15 | Link to Comment aldousd
aldousd's picture

hopefully whoever paid the most for it. unless it's like chrysler, in which the first in line get fucked for the 'good of everyone.'  Everyone feel good?

Wed, 05/05/2010 - 11:21 | Link to Comment John McCloy
John McCloy's picture

Seems to me they are aware this house of cards is very fragile and some think the exit of the theater will not be so orderly

Wed, 05/05/2010 - 11:27 | Link to Comment mephisto
mephisto's picture

I believe the backup servers are on Katla. Cheap warehouse.

Wed, 05/05/2010 - 11:31 | Link to Comment Sqworl
Sqworl's picture

According to FT, they have been re-routed to FINRA!!!

Wed, 05/05/2010 - 11:43 | Link to Comment Cyan Lite
Cyan Lite's picture

SPY going green in 3...2...1...

Wed, 05/05/2010 - 11:48 | Link to Comment Me XMan
Me XMan's picture

Please don't sell...pleeeezzzzeeeeee!!

Wed, 05/05/2010 - 11:54 | Link to Comment A Nanny Moose
A Nanny Moose's picture

They will McGyver it all back together with freshly printer dollars and duct tape

Wed, 05/05/2010 - 11:59 | Link to Comment squidish
squidish's picture

didn't the monitors go blank momentarily shortly after Skynet was initialized?

 

my money is on that.

Wed, 05/05/2010 - 12:01 | Link to Comment Mr. Mandelbrot
Mr. Mandelbrot's picture

I was listening in on the call (which has now been ended after a green status was issued) when "Another One Bites the Dust" started playing!!

Wed, 05/05/2010 - 12:08 | Link to Comment bittergreen
bittergreen's picture

Handheld device outtage?  Meaning that the guys who use to run around the floor trying to get matches for their paper tickets, didn't receive order flow?  They probably didn't even notice.  As I understand they pretty much do nothing outside the open and close.

Wed, 05/05/2010 - 12:28 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

All right, DOW just made 120 pt, plunge protection is here. Are they good or what? TD, bloomberg's daily snap shot of ES would be nice.

p.s. It's a very nice body movement, good for a mental exercise- down, up and down, poor day-traders. It's time to take a 90 min break & back to the business.

Wed, 05/05/2010 - 17:28 | Link to Comment Trial of the Pyx
Trial of the Pyx's picture

I guess this is what passes for transparency these days...

 

when the BS is so transparent everybody can see it

 

Wed, 05/05/2010 - 20:00 | Link to Comment Buck Johnson
Buck Johnson's picture

What they are doing now is slowing any momentum that may start to happen.  I wonder if it wasn't for this problem, would the DOW be alot lower than it ended today.  The saw which way the market was turning and had to stop it, so they "had a problem".  You are correct John McCloy, the house of cards is extremely fragile and they are doing everything in their power to keep everybody sailing one direction.

Wed, 05/05/2010 - 20:18 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

As others have noted,it is highly suspicious that these problems only occur on down days.I have the same problemwith my broker,chart delays,software crashes,etc etc.

But there is no incentive to fix these problems as they help to prevent orders going through on down days and therefore help to prevent further downward momentum.Just remember - you are not allowed to sell.It's the kind of cheap trick you would expect in a third world country,not the USA,but now it happens so regularly it has become the norm.

Wed, 05/05/2010 - 20:31 | Link to Comment asteroids
asteroids's picture

Notice how the exchange has a technical problem just when something bad is going to happen. A short time later the PPT kicks in and zoom to the moon,

Wed, 05/05/2010 - 21:57 | Link to Comment dumpster
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Bridge Line- 888-669-2803

Access # - 7956260

 

mental hospital  888-555-2803

ask for lucas braveheart

Thu, 05/06/2010 - 00:41 | Link to Comment Mentaliusanything
Mentaliusanything's picture

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