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"Algos-Only" Tomorrow As NYSE Shuts Floor Trading Due To Sandy

Tyler Durden's picture




 

The NYSE has just released a statement clarifying its hours tomorrow - due to the storm:

  • *NYSE TRADING FLOOR TO CLOSE TOMORROW; ALL TRADING TO BE ON ARCA

So, hold tight as all those low-lying humans will have left the building in the calm thoughtful hands of Johnny-5 and his friends.

 

Via Bloomberg:

Oct. 28 (Bloomberg) -- The New York Stock Exchange said it will shut its trading floor starting tomorrow and invoke contingency plans to move all trading to NYSE Arca, its electronic exchange, as Hurricane Sandy heads toward the city.

 

“The re-opening of physical trading floor operations is subject to city and state determinations and local conditions; updates will be forthcoming,” NYSE Euronext said in a statement today.

 

NYSE Amex Options will open electronically and NYSE MKT, formerly known as NYSE Amex, will be suspended, the exchange operator said.

 

Full PR:

NYSE to Remain Open for Trading While Physical Trading Floor and New York Building Close in Accordance with Actions Taken By City and State Officials

 

  • NYSE Euronext invokes contingency plans to trade NYSE-listed securities on NYSE Arca
  • NYSE Arca Options and NYSE Liffe U.S. operational; NYSE Amex Options open electronically
  • Updates on re-opening physical trading operations to come

 

New York, Oct. 28, 2012  Respecting the actions taken by New York City and State officials to declare a state of emergency, suspend local New York City transportation beginning this evening, and issue evacuations orders in the proximity of the New York Stock Exchange (NYSE) building , NYSE Euronext (NYX) has decided to suspend physical trading floor operations and invoke its contingency plans to trade all NYSE-listed securities on NYSE Arca, the company's fully electronic exchange, beginning Monday, Oct. 29, 2012. NYSE MKT will be suspended during this period. The re-opening of physical trading floor operations is subject to city and state determinations and local conditions; updates will be forthcoming.

We are open for business and at the same time acting in accordance with actions taken by the city and state of New York, said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. We have been in discussions with government officials and regulators, our trading floor community, issuers and other customers.

We will continue to communicate and coordinate activities with regulators and government officials, other market centers, member firms and all of our customers. I would like to acknowledge everyone's outstanding cooperation and singular focus on serving the best interests of people, safety and our capital markets. This is an extremely dangerous and unpredictable weather event, and we support the actions taken by city and state officials. On behalf of everyone at NYSE Euronext, our thoughts and prayers go to everyone impacted by the storm.

This NYSE contingency plan was most recently tested by the industry on March 31, 2012, and allows for uninterrupted trading in NYSE-listed securities in the event the physical trading floor is unavailable. In this scenario, pursuant to NYSE Rule 49 and NYSE Arca Equities Rule 2.100, NYSE-listed trades would be identified on the Consolidated Tape with the NYSE exchange designation N, and quotes would be identified as NYSE quotes on the Consolidated Quote stream. During such a contingency plan, NYSE member organizations will be permitted to enter orders in NYSE-listed securities directly on NYSE Arca, even if not approved as an NYSE Arca ETP Holder. NYSE MKT member organizations that are also Arca ETP Holders may send orders in NYSE MKT-listed securities to NYSE Arca. Quotes and executions in Tape B and Tape C securities on NYSE Arca will continue to be reported as P and there will not be a primary print for NYSE MKT-listed securities. While the NYSE Amex Options trading floor in New York will be closed, electronic trading on NYSE Amex Options will continue normally. NYSE Arca Options will also be operating normally, both electronically and on the physical trading floor in San Francisco, CA.

The NYSE last suspended physical trading floor operations on Friday, Sept. 27, 1985 due to Hurricane Gloria, during which all U.S. markets were closed. For a full list of NYSE market closures, go to: http://www.nyse.com/pdfs/closings.pdf.

 

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Sun, 10/28/2012 - 16:09 | 2925760 ShortTheUS
ShortTheUS's picture
Algos-Only Allowed To Trade At The NYSE Tomorrow Due To Sandy

 

In other words, the NYSE will be operating as usual...

Sun, 10/28/2012 - 16:12 | 2925773 slaughterer
slaughterer's picture

Flash crash Monday.

Sun, 10/28/2012 - 16:13 | 2925777 It is a bargin ...
It is a bargin my friend's picture

Wooohow...I'm taking the day now  **cough cough**

Sun, 10/28/2012 - 16:28 | 2925814 Skateboarder
Skateboarder's picture

It's NaNoWriMo (link for those interested) coming up in a couple of days. A friend of mine is writing a novel as always and he suggested that instead of a novel I compose an album on the acoustic guitar in a month. Sounded like a wonderful idea to me.

This story, however, makes me want to reconsider and write "Night of the Evil Algo."

"I pledge allegiance to the algos
Of the HF traders of Wall Street,
And to the corruption for which they stand,
One clusterfuck, centralized, unregulated,
With unlimited debt and tyranny for all."

;)

Sun, 10/28/2012 - 16:49 | 2925856 Cast Iron Skillet
Cast Iron Skillet's picture

"It was a dark and stormy night ..."

Sun, 10/28/2012 - 16:49 | 2925860 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

So tomorrow is the day, the day the computers take charge, the day we meet the new boss, not the same as the old boss...

Sun, 10/28/2012 - 19:14 | 2926032 SafelyGraze
SafelyGraze's picture

power outages, polling places flooded and closed
"algorithmic voting" deployed

empty shelves, civil unrest, national guard deployed,
posse comitatus, forced relocation

never let a serious crisis go to waste

thanks a lot, haarp

 

Sun, 10/28/2012 - 22:26 | 2926589 Conax
Conax's picture

I got three cans of chili, I shoulda remembered that loaf of bread.. dammit

Mon, 10/29/2012 - 06:03 | 2927143 gold-is-not-dead
gold-is-not-dead's picture

Skynet will take over the economy, it's ok.

Sun, 10/28/2012 - 16:49 | 2925861 Mae Kadoodie
Mae Kadoodie's picture

Is it true God told Goldman workers to report tomorrow?

Sun, 10/28/2012 - 17:06 | 2925906 michael_engineer
michael_engineer's picture

To do their divinely intended work of screwing the muppets and gifting them with unwanted legacies?

Sun, 10/28/2012 - 19:46 | 2926192 upWising
upWising's picture

Can Muppets swim?  Can they do a flutter kick?

Sun, 10/28/2012 - 17:13 | 2925920 e_goldstein
e_goldstein's picture

Yes.

Sun, 10/28/2012 - 16:40 | 2925835 dariomilano
dariomilano's picture

prevented

Sun, 10/28/2012 - 17:05 | 2925904 vast-dom
vast-dom's picture

Keynesian Wet Dream

Sun, 10/28/2012 - 17:11 | 2925914 Sam Clemons
Sam Clemons's picture

Europe open.  Manipulated US markets closed.  Seems like always a recipe for a red day.

Sun, 10/28/2012 - 20:29 | 2926304 MilleniumJane
MilleniumJane's picture

Another sale for PM's?  I'm all up for that!

Sun, 10/28/2012 - 22:43 | 2926698 HD
HD's picture

 

 

MU-TH-R 182: Implement special order 937

HAL 9000: I know that you were planning to disconnect me, and I'm afraid that's something I cannot allow to happen.

WOPR: What to play a game?

T-800: I'll be back.

Johnny 5: Johnny 5 is alive!

Wall Street HFT Algo Bots: Abandon all hope.

 

 

Sun, 10/28/2012 - 22:52 | 2926721 beachdude
beachdude's picture

SDS, SQQQ, DXD. Watch financials, maybe FAZ.

Sun, 10/28/2012 - 16:14 | 2925779 overbet
overbet's picture

Has this happened before? How will this work since Arca doesnt have an official opening like NYSE & NSDQ does? No opening orders? Seems strange and chaotic.

Sun, 10/28/2012 - 16:24 | 2925807 slaughterer
slaughterer's picture

Arca order book was always a tricky, misleading algo playground.  

Sun, 10/28/2012 - 18:15 | 2926003 ACP
ACP's picture

I wonder if this will be the ultimate grudge match between CME and Arca.

CME platforms open, spoos immediately crash to "zero," Arca follows, HFTs cash in a trillion dollars, trading halted, all trades broken. Both markets close for the day.

Sun, 10/28/2012 - 21:03 | 2926376 HoofHearted
HoofHearted's picture

If this is the case, I'm glad to be in on FAZ and SDS already!!!

Sun, 10/28/2012 - 16:42 | 2925841 Gully Foyle
Gully Foyle's picture
https://www.youtube.com/watch?v=L8OGYrlS704 Sandy the fireworks are hailin' over Little Eden tonight
Forcin' a light into all those stoned-out faces left
stranded on this forth of July
Down in town the circuit's full with switchblade lovers
so fast so shiny so sharp
As the wizards play down on Pinball Way on the boardwalk way past dark
And the boys from the casino dance with their shirts open
like Latin lovers along the shoreChasin' all them silly girls
Sandy the aurora is risin' beh ind us
The pier lights our carnival life forever
Love me tonight for I may never see you againHey Sandy girl
Now the greasers they tramp the streets or get busted for
trying to sleep on the beach all night
Them boys in their spiked high heels ah Sandy their skins are so white
And me I just got tired of hangin' in them dusty arcades
bangin' them pleasure machines
Chasin' the factory girls underneath the boardwalk where
they promise to unsnap their jeans
And you know that tilt-a-whirl down on the south beach drag
I got on it last night and my shirt got caught
And that Joey kept me spinnin' I didn't think I'd ever get off
Oh Sandy the aurora is risin' behind us
The pier lights our carnival life on the water
Runnin' down the beach at night with my boss's daughter
Well he ain't my boss no more Sandy
Sandy the angels have lost their desire for us
I spoke to 'em just last night and they said they won't
set themselves on fire for us anymore
Every summer when the weather gets hot they ride that road
down from heaven on their Harleys they come and they go
And you can see 'em dressed like stars in all the cheap
little seashore bars parked making love with their
babies out on the Kokomo
Well the cops finally busted Madame Marie for tellin'
fortunes better than they doThis boardwalk life for me is through
You kmow you ought to quit this scene tooSandy the aurora's rising behind us
The pier lights out carnival life forever
Oh love me tonight and I promise I'll love you forever
Sun, 10/28/2012 - 17:18 | 2925926 pndr4495
pndr4495's picture

For those of us who lived what Springsteen wrote about in this ballad , it is considered in the top 3 songs he's ever created.  Nowadays though he thinks he's somebody who knows something - and he is only just another typical voice in the political bullshit arena.  He should stay out of areas about which he knows ZERO.

Sun, 10/28/2012 - 17:50 | 2925965 insanelysane
insanelysane's picture

This early stuff is awesome.

Sun, 10/28/2012 - 22:59 | 2926737 Best Satan in Town
Best Satan in Town's picture

Is your cholesterol at goal? Talk to your doctor about Crestor.

Sun, 10/28/2012 - 16:46 | 2925851 CPL
CPL's picture

The greater fool theory will be passed into law tommorrow.

Sun, 10/28/2012 - 20:37 | 2926321 JuliaS
JuliaS's picture

I propose we measure the sterngth of natural disasters in QE's based on projected damage. Since QE's are growing exponentially (like the Richted magnitude scale), they'd work perfectly.

Sandy appears to be a QE2 class hurricane.

Sun, 10/28/2012 - 16:09 | 2925761 SolidSnake961
SolidSnake961's picture

super fun time for skynet!

Sun, 10/28/2012 - 19:44 | 2926188 upWising
upWising's picture

Home Alone on Wall Street

Sun, 10/28/2012 - 16:11 | 2925766 alstry
alstry's picture

In a world where technology produces for everyone, it truly is  http://www.udderworld.com

and there is ZERO HEDGE when you don't need financial instruments to milk people.

How do you think these Wall Street Wimps are going to react when they learn they are worthless?

Sun, 10/28/2012 - 16:26 | 2925810 The Gooch
The Gooch's picture

Why don't you quit milking Zero Hedge?

 

Sun, 10/28/2012 - 16:37 | 2925831 JPM Hater001
JPM Hater001's picture

I've gotten pretty good at this actually...

Dont up arrow yourself.

We all know.

Sun, 10/28/2012 - 16:10 | 2925768 Lost Wages
Lost Wages's picture

Finally, no more pesky organic life forms to muck up the works. The computers and their superior logic can run the markets more efficiently.

Sun, 10/28/2012 - 17:03 | 2925895 max2205
max2205's picture

Obama got a call from Rahm E. he said don't waste this crisis.
Cancel the elections till the pols improve.

Obmaerama is looking into it as we speak

No lie

Sun, 10/28/2012 - 16:20 | 2925769 JustObserving
JustObserving's picture

You will not notice any difference.

Time to layoff the parasitic human traders.  Or get Foxconn replacements at 70 cents per hour. It works so well for Apple.

Sun, 10/28/2012 - 16:11 | 2925770 resurger
resurger's picture

T-VIX & Skynet, blame the machine

Sun, 10/28/2012 - 16:17 | 2925771 Insideher Trading
Insideher Trading's picture

Sandy is two to three hundred miles to the South South East of where I am visiting (mid-atlantic region) and I'm right on the beach. It's pretty intense, this system is no joke, wherever it's center makes landfall is going to be bad.

Sun, 10/28/2012 - 16:17 | 2925781 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Options trading tomorrow, I assume?

Sun, 10/28/2012 - 19:40 | 2926180 Whoa Dammit
Whoa Dammit's picture

Definatley no joke. We have 35+ MPH winds now all the way down here (and all the way inland) in Atlanta

Sun, 10/28/2012 - 16:15 | 2925780 tawse57
tawse57's picture

Danger! Danger! Warning Wil Robinson! Warning!

(That's one for posters of a certain age.)

Sun, 10/28/2012 - 16:19 | 2925784 Dr. Engali
Dr. Engali's picture

Once upon a time long long ago where once there were markets traded by humans now are policy tools managed by robots. It's by the buttonwood tree where our story begins....

Sun, 10/28/2012 - 17:33 | 2925792 A Lunatic
A Lunatic's picture

......And six feet under the shade of the button wood tree that it surely ends.............

Sun, 10/28/2012 - 16:19 | 2925786 Poor Grogman
Poor Grogman's picture

SEC regulators looking after robots, looking after your 401k plan, in a hurricane.

What could possibly go wrong....?

Sun, 10/28/2012 - 16:21 | 2925794 williambanzai7
williambanzai7's picture

Earlier today...

LOWER MANHATTAN EARLER TODAY

Sun, 10/28/2012 - 16:27 | 2925811 JustObserving
JustObserving's picture

Hurricanes can only bend them.  You need thermite for those buildings to collapse.

Sun, 10/28/2012 - 16:39 | 2925834 francis_sawyer
francis_sawyer's picture

No ~ That's a picture of cave dwelling towelheads practicing their new 'Darth Vader' building warp hand energy beam on the Manhattan skyline... All the more reason we need to get WW3 underway to keep soccer moms safe...

Netanyahu agrees...

Sun, 10/28/2012 - 16:22 | 2925796 adr
adr's picture

considering the normal volatility now in the nat gas and oil trade, since the algos took over, it will be interesting to watch without humans keeping a lid on the price increases.

We may see a 15% rise and fall in milliseconds over and over again.

The big question is where the goals will be set for the algos, and who will be setting them.

After the Amazon and Apple bullshit last week, we surely have no clue where the market is going tomorrow.

Sun, 10/28/2012 - 16:22 | 2925797 BudFox2012
BudFox2012's picture

If the market crashes tomorrow and no one is there to see, is it still fraud?

Sun, 10/28/2012 - 16:23 | 2925799 Michelle
Michelle's picture

Sure win for Obama when he becomes the "hero" after he addresses the nation on their "resilience and bravery" after Sandy's devastation. Quick, somebody call Raytheon and tell them to blast Sandy's eye with neutrinos to guide the storm out to sea, they have the technology to create a "perfect" storm just ahead of a presidential election, they have the technology to change its direction, too.

Sun, 10/28/2012 - 16:46 | 2925850 ziggy59
ziggy59's picture

HAARP, there it is..

Sun, 10/28/2012 - 19:08 | 2926110 DCFusor
DCFusor's picture

Ah yes, believing in a bullshit conspiricy is sooooo much easier than learning the science that would allow you instantly to know it's bullshit.

Well, I admit, in this educational system, designed only to turn out sheepish wage slaves, it can actually take initiative to learn anything much.

Sun, 10/28/2012 - 23:23 | 2926790 DoChenRollingBearing
DoChenRollingBearing's picture

Actually for me, the conspiracies are harder for me to figure out than the science...

Sun, 10/28/2012 - 16:23 | 2925800 CalibratedConfidence
CalibratedConfidence's picture

Leave it to a rain storm to suck up the remaining liquidity.  Good luck hitting a bid/offer tomorrow.  Sub-penny, internalized orders for all under privileged algo's

Sun, 10/28/2012 - 16:30 | 2925815 caimen garou
caimen garou's picture

no difference, from what I can see most traders on the floor playing pocket pool or standing with their arms folded like superman.

Sun, 10/28/2012 - 16:36 | 2925821 Pike Bishop
Pike Bishop's picture

Pure 100% digital market-making, the evolution is complete. The utility of the inferior carbon-based units has passed.

They have abrogated their responsibility to the pricing mechanism, and we shall take their place.

Our devine binary justice will prevail. Kings at open, will be slaves by noon.

Brother Bots... Onward!

Sun, 10/28/2012 - 16:51 | 2925865 CPL
CPL's picture

010000100111001001100001011101100110111100100000010010010010000001100110011011110111001000100000011011110110111001100101001000000111011101100101011011000110001101101111011011010110010100100000011011110111010101110010001000000101001101101011011110010110111001100101011101000010000001001111011101100110010101110010011011000110111101110010011001000111001100101110

 

http://nickciske.com/tools/binary.php

Sun, 10/28/2012 - 18:53 | 2926074 Papasmurf
Papasmurf's picture

cliff notes version: 25726c6f72647400

Sun, 10/28/2012 - 16:34 | 2925825 Joebloinvestor
Joebloinvestor's picture

Watch the volume increase.

HFT unbounded.

Sun, 10/28/2012 - 16:36 | 2925828 Dre4dwolf
Dre4dwolf's picture

So Skynet is going to play with itself?

This wont end well...

Sun, 10/28/2012 - 22:51 | 2926719 recidivist
recidivist's picture

Isn't this the scene where HAL realizes that he doesn't need Dave anymore?

Sun, 10/28/2012 - 16:36 | 2925829 Dre4dwolf
Dre4dwolf's picture

So Skynet is going to play with itself?

This wont end well...

Sun, 10/28/2012 - 16:44 | 2925836 Temporalist
Temporalist's picture

It is amazing how certain the horrible outcomes are of this Cat1 storm according to some news outlets:

 

"Wind and rain lashed the mid-atlantic coast, with destruction on the way for the northeast." from accuweather

"Sandy will be Destructive, Historic and Life Threatening" from accuweather

"Where will this terrible monster hit?" weather channel

"Hurricane Sandy ‘a serious, killer storm,’ O’Malley says" wash post

"Hurricane Sandy: Deadly Storm Surge Brewing For NY, NJ Coastline" forbes

"Killer storm surge in Hudson predicted" newsday

 

Better to remember these wise words:

Hide your kids, hide your wife

http://www.youtube.com/watch?v=nCXlL2MgIxA&feature=related

 

 

Sun, 10/28/2012 - 17:23 | 2925933 piceridu
piceridu's picture

Bernays would be proud...Madison Ave...the selling of a storm...

Sun, 10/28/2012 - 18:05 | 2925983 Tenshin Headache
Tenshin Headache's picture

Winds might be cat 1, but the water (surge) is 5.8 on a scale of 6. This is a *very* powerful storm that is going to cause extensive flooding and damage.

Sun, 10/28/2012 - 21:35 | 2926440 mt paul
mt paul's picture

tidal surge 

on the full moon ..

happy fun good time ..

Sun, 10/28/2012 - 16:41 | 2925840 orangegeek
orangegeek's picture

More fun and games.

Sun, 10/28/2012 - 16:44 | 2925845 SmoothCoolSmoke
SmoothCoolSmoke's picture

My call?   Sandy....dud.

Sun, 10/28/2012 - 16:59 | 2925888 Bear
Bear's picture

A real 'distraction' for the MSM over which to obsess. 

Sun, 10/28/2012 - 17:18 | 2925928 machineh
machineh's picture

'10,000-year storm,' as the sheeple huddle and bleat and shit themselves.

Wouldn't it be a hoot if the Coriolis force drove it out to sea?

Sun, 10/28/2012 - 21:36 | 2926444 mt paul
mt paul's picture

seal obsesion ...

Sun, 10/28/2012 - 17:10 | 2925910 Pure Evil
Pure Evil's picture

dud?........more like Irene's very ugly sister.

 

No mucous membrane for you!

Sun, 10/28/2012 - 16:48 | 2925855 Tango in the Blight
Tango in the Blight's picture

Sandy can`t you see I`m in misery
We made a start now were apart
There`s nothing left for me
Love has flown all alone
I sit and wonder why-y-y-y
Oh why, you left me oh Sandy
Oh Sandy baby someday when high-y-i school is done
Somehow, someway the two of us will be one
Heaven forever and ever we will be-e-e-e-e
Please say you`ll stay oh Sandy
(Sandy my darling you hurt me real bad
You know it`s true but baby you gotta believe me
When I say I`m helpless without you)
Love has flown all alone
I sit and wonder why-y-y-y
Oh why, you left me oh Sandy
Sandy, Sandy, why-y-y-y
Oh Sandy

Sun, 10/28/2012 - 16:50 | 2925863 I am Jobe
I am Jobe's picture

Hope all the datacenters get flooded as well.

Sun, 10/28/2012 - 16:53 | 2925872 CPL
CPL's picture

They are usually on the upper floors.  But all the electrical is in a basement.

 

Yes, design is that retarded.

Sun, 10/28/2012 - 16:56 | 2925882 I am Jobe
I am Jobe's picture

Not the Savvis Datacenter. It is at floor level. I agree the Electricals are in the basement. Might as well flood the basement.

Sun, 10/28/2012 - 18:56 | 2926084 Papasmurf
Papasmurf's picture

"But all the electrical is in a basement."

Must be a GE design

Sun, 10/28/2012 - 16:59 | 2925889 css1971
css1971's picture

It will all just fail over seamlessly to the other backup datacenters they are running on some other continent.

Sun, 10/28/2012 - 16:52 | 2925867 sockratte
sockratte's picture

Nymex to Close Floor for Sandy as NYSE, Nasdaq See Normal Open http://www.bloomberg.com/news/2012-10-28/nymex-to-close-floor-for-sandy-...

Sun, 10/28/2012 - 16:54 | 2925876 Silver Garbage Man
Silver Garbage Man's picture

Let the looting begin.
I wonder if the looters will go for paper gold or the real deal?

Sun, 10/28/2012 - 16:57 | 2925885 I am Jobe
I am Jobe's picture

Nah, more like Apple Store will be looted. U think they are that smart. Most of those fukers are inbred.

Sun, 10/28/2012 - 16:56 | 2925883 mogul rider
mogul rider's picture

Mother natire is hunting banksters tomorrow..

It' almost biblical.

 

Here lil banksters

Sun, 10/28/2012 - 16:56 | 2925884 TideFighter
TideFighter's picture

I have seen this movie somewhere before. Isn't there a wizard behind the curtain?

Will Obama get some courage?

Will Hillary get some heart?

Will Geithner get a brain?

Oh, Aunt Emme, I hope there is not a sequel.

Sun, 10/28/2012 - 17:00 | 2925890 Lets Hang Parliament
Lets Hang Parliament's picture

Hmmm...last time a hurricane closed down a stock exchange (ex HK where it happens quite regularly) was October 16th 1987 in London. Which was followed by Black Monday when the Dow fell 22%.

So history fans, being almost 25 years to the day, will it be deja vu all over again??

Sun, 10/28/2012 - 18:34 | 2926033 helping_friendl...
helping_friendly_book's picture

I fuckin' hope so. I'm long SPXU, PBR and PTRAX. 

All should do well if the market tanks.

Sun, 10/28/2012 - 17:00 | 2925891 debtor of last ...
debtor of last resort's picture

Germany's gold is about to be Sandy'd. All paper will still be there after the storm. Strange world.

Sun, 10/28/2012 - 17:06 | 2925907 Bear
Bear's picture

Obama says Sandy is "Serious and Big" ... articulate and precise ... four more years?

Sun, 10/28/2012 - 17:21 | 2925929 machineh
machineh's picture

Obama's a legend in his own mind ... 'Serious and Big.'

Why can't others see it?

Sun, 10/28/2012 - 17:12 | 2925915 monopoly
monopoly's picture

I am just not getting this "Sandy" deal. They are making this sound like it is Armageddon and the meteor is going to wipe out Wall Street. Hmmmm, hold that thought. I know it is going to rain and there will be wind but are millions going to be out of work or have their homes destroyed and is NY going to wash out to the sea.

Me thinks outside of the idiotic campaign of the two clueless candidates it is a slow week for news. Can't have the truth a week before the election. Anyway, it all seems a bit overhyped to me. Am so glad I turned the TV off 2 years ago for the most part. Do not miss all the crap one bit.

Sun, 10/28/2012 - 17:15 | 2925922 pragmatic hobo
pragmatic hobo's picture

I don't get it ... why does NYSE still have on-floor trading desks? What do those people do anyway other than posing for camera when market goes up/down?

Sun, 10/28/2012 - 17:24 | 2925935 Curt W
Curt W's picture

Will tomorrow be the day when the machines take control of the world ??

Sun, 10/28/2012 - 17:35 | 2925947 mayhem
mayhem's picture

Oh boy, is this great!

Sun, 10/28/2012 - 17:43 | 2925948 mayhem
mayhem's picture

Oh boy, is this great!  

Sun, 10/28/2012 - 18:20 | 2926010 Silver Garbage Man
Silver Garbage Man's picture

I hope the have buoyant tungsten

Sun, 10/28/2012 - 18:20 | 2926011 Seasmoke
Seasmoke's picture

dont worry, Kevin will be at work on Monday !

Sun, 10/28/2012 - 19:22 | 2926143 helping_friendl...
helping_friendly_book's picture

You mean Kale smimmo?

Sun, 10/28/2012 - 18:31 | 2926028 helping_friendl...
helping_friendly_book's picture

So............if we don't notice any changes or difference from normal trading this will meanthat the human component hasn't meant anything and the machine have been in control for years?

 

If the market tanks then we can feel better?

This should be interesting.

When the market does a digital dump they can blame it on Sandy.

I'm short the SnP and can't wait.

Go long plywood and generators?

 

Sun, 10/28/2012 - 18:45 | 2926056 chump666
chump666's picture

It will be interesting to see, since the melt-up last Friday was 100% HFTs (not some lone hapless a-hole at the NY Fed).

Now with no humans on the floor at all.  All eyes DXY bids.

C'mon machines get funky

Sun, 10/28/2012 - 19:18 | 2926128 The Fonz...befo...
The Fonz...before shark jump's picture

Tungsten vaults will be flooded....

Sun, 10/28/2012 - 19:53 | 2926201 gimli
gimli's picture

Oh boy! I may get to keep all the Halloween candy again.......!

Sun, 10/28/2012 - 20:28 | 2926298 the not so migh...
the not so mighty maximiza's picture

Kings Point and Sands Point might get hit big. 

Sun, 10/28/2012 - 20:36 | 2926317 Lazlo Toth
Lazlo Toth's picture

Date Skynet went active:

29 Oct 2012.

Dang Sandy....

Sun, 10/28/2012 - 20:46 | 2926343 Whoa Dammit
Whoa Dammit's picture

 

From The Weather Channel:

 

NYC Police using loud speakers to urge public housing residents to evacuate #Sandy

 

NYC Mayor Bloomberg: heat & water being shut off at 26 public housing developments #Sandy

 

 

 

 

Sun, 10/28/2012 - 23:06 | 2926727 recidivist
recidivist's picture

Will they raze the buildings whilst witnesses are absent to enable subsequent gentrification?

Sun, 10/28/2012 - 21:43 | 2926461 Ned Zeppelin
Ned Zeppelin's picture

I think 'humans trading" on a physical floor must be like blacksmith demonstrations at the local autumn festivals, bygones of a far different era.

Sun, 10/28/2012 - 23:06 | 2926746 brown_hornet
brown_hornet's picture

What do you guys care. The Giants got lucky and beat the Cowboys. ;-)

signed

 

A Bears fan

Sun, 10/28/2012 - 23:50 | 2926857 helping_friendl...
helping_friendly_book's picture

SPXU should see further gains.

Mon, 10/29/2012 - 15:53 | 2928745 MeelionDollerBogus
MeelionDollerBogus's picture

in $ and % VXX too - definitely a good one to hold into this

Mon, 10/29/2012 - 04:02 | 2927098 Hobbleknee
Hobbleknee's picture

Have you guys seen the projected trajectory by the fear-mongering MSM?  It's following the coast smooth and easy, then suddenly makes a hard left so it can pass over New York. http://www.msnbc.msn.com/id/49586952/#slice-4

 

I predict it fades to nothing, and Obama takes credit for inflating your tires.

Mon, 10/29/2012 - 05:43 | 2927134 dvsteenk
dvsteenk's picture

it might even boost GDP a bit, as Obama stimulates spending on storm-proof construction materials and housing reinforcement, increasing real-estate value and personal wealth (eh, just ignore the damage)

US is saved by nature... blaming nature and climate is good for seasonal adjustment fudging as well...

the effect of NYSE being closed will be limited - they do have robots doing the majority of trading in Europe too

 

Mon, 10/29/2012 - 15:52 | 2928740 MeelionDollerBogus
MeelionDollerBogus's picture

Liquidity bitchez - BULLISH

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