This page has been archived and commenting is disabled.

VIX Halted

Tyler Durden's picture


UPDATE: Minutes after we brought attention to this farce, VIX Futures and Options Re-Opened...


CBOE's VIX Futures and Options have been halted since 1337ET.

Because in our day and age of highly "sophisticated, precise and computerized" trading, just what stock market crash can take place without a critical component of the market breaking...

Based on 'spot' VIX - it would appear vol is bleeding higher

Bottom line: when the Fed can no longer sell enough vol to offset a long-overdue correction, the Fed will merely do away with vol entirely.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/07/2012 - 15:17 | 2957444 surf0766
surf0766's picture

In Amerika, nothing go down. No?

Wed, 11/07/2012 - 15:18 | 2957456 NewThor
NewThor's picture

1337 = LEET

in nerd speak....

Wed, 11/07/2012 - 15:20 | 2957461 malikai
malikai's picture

Even better, it's LEET-ET.

Thu, 11/08/2012 - 01:34 | 2959523 old naughty
old naughty's picture

and, something new everyday,

in our day and age.

Wed, 11/07/2012 - 15:21 | 2957462 no taste
no taste's picture

Angry Republican's letter to Clint Eastwood, and General Wesley Clark on the coup in the US government.

Wed, 11/07/2012 - 15:26 | 2957506 TeamDepends
TeamDepends's picture

Sure.  It's all Dirty Harry's fault.

Wed, 11/07/2012 - 15:33 | 2957542 buzzsaw99
buzzsaw99's picture

god hates mormons

Thu, 11/08/2012 - 01:33 | 2959522 old naughty
old naughty's picture

Why, Dirty Harry didn't make his day?

Wed, 11/07/2012 - 17:54 | 2958228 Cruel Aid
Cruel Aid's picture

Wesley Clark is a weasel. I'm not going to listen to a thing he says.

Wed, 11/07/2012 - 17:54 | 2958235 aerojet
aerojet's picture

Hard to argue with it, quite honestly.  Romney always had a credibility gap because he's a bankster.  Also, the association with the Mormon cult, while it's not truly awful like some kind of Satan-worshipper or Neo-Nazi, it isn't really a great thing, either. 

Wed, 11/07/2012 - 15:22 | 2957477 Coldsun
Coldsun's picture

I saw that too. Is that bad that I was psyched when I noticed it?

Wed, 11/07/2012 - 15:43 | 2957581 SgtShaftoe
SgtShaftoe's picture

Exactly, someone just hacked the exchange.  a 1337 haxor... I'm guessing loosely affiliated with Anonymous. hahahahahha!  That's funny.  Imagine, an algo computer hacked by someone like that, reprogrammed... that would be entertaining.

Wed, 11/07/2012 - 16:01 | 2957665 pods
pods's picture

Has anyone heard from AnAnon today?  

I can hear him chuckling: "Who laughing now, round eye."


Wed, 11/07/2012 - 15:50 | 2957626 HelluvaEngineer
HelluvaEngineer's picture

Looks like it is frozen again at 19.00.  Weird gaps earlier today too.  Someone creating 100M shares of TVIX out of thin air?

Wed, 11/07/2012 - 16:28 | 2957733 dark pools of soros
dark pools of soros's picture

not the women, no

Wed, 11/07/2012 - 18:03 | 2958263 Gamma735
Gamma735's picture

We're all living in America,
America is wunderbar.
We're all living in America,
Amerika, Amerika.

"Amerika" by RAMMSTEIN

Wed, 11/07/2012 - 15:18 | 2957451 AldoHux_IV
AldoHux_IV's picture

LOL, free and efficient markets.

Wed, 11/07/2012 - 15:19 | 2957452 Mercury
Mercury's picture

Well that's it, no more volatility.

Wed, 11/07/2012 - 15:24 | 2957490 Coldsun
Coldsun's picture

Precisely! On that note let's just stop printing the unemployment numbers so we can keep under 8% forever and ever...

Wed, 11/07/2012 - 15:40 | 2957510 Mercury
Mercury's picture

Well clearly the president can survive without those (real) numbers, the question is, can the market hold itself together if options on an index of options on an index of stocks aren't trading because futures on an index of options on an index of stocks aren't trading.

Wed, 11/07/2012 - 15:44 | 2957602 Coldsun
Coldsun's picture

Nicely dictated. And I think that you are on to something. Maybe it became consious and trying to grasp it's very existence it broke. Badly. SkyNet will resume it's function.

Wed, 11/07/2012 - 16:52 | 2957878 GCT
GCT's picture

After reading Mercury's post I am having a blonde moment there!

Wed, 11/07/2012 - 18:13 | 2958320 R_J
R_J's picture

Huh? WHAT "unemployment" ? We´re all duly Employed as Serfs now...

Wed, 11/07/2012 - 15:25 | 2957498 HelluvaEngineer
HelluvaEngineer's picture

Got to be kidding me.  I have NOV calls.  Bunch of fucking crooks.

Thu, 11/08/2012 - 01:32 | 2959519 RopeADope
RopeADope's picture

Free markets are so efficient you do not need to be concerned about volatility. You also do not need to be concerned about fraud.

Wed, 11/07/2012 - 15:18 | 2957453 JPM Hater001
JPM Hater001's picture

Surprised face


- -


Wed, 11/07/2012 - 15:18 | 2957455 Segestan
Segestan's picture

Living on hope but change is coming.

Wed, 11/07/2012 - 15:27 | 2957511 PLira
PLira's picture

True that.

You can ignore reality but you cannot ignore the results of reality.

Wed, 11/07/2012 - 15:19 | 2957459 slaughterer
slaughterer's picture

Should help the close.  Nice.   Throwing every trick in the book to create a nice bear trap.   

Wed, 11/07/2012 - 15:38 | 2957568 buzzsaw99
buzzsaw99's picture

The way is shut. It was made by those who are dead, and the dead keep it. [/Return of the King]

Wed, 11/07/2012 - 15:19 | 2957460 Flakmeister
Flakmeister's picture

Manipulated volatility in the volatility???

Wed, 11/07/2012 - 15:21 | 2957467 Matt
Matt's picture

the volitility was too volitile, so it had to be halted.

Wed, 11/07/2012 - 15:33 | 2957547 PLira
PLira's picture

Must have used a Ven to Verify the Velocity of the Volitility of the Vix's Volititlity Volume.

Wed, 11/07/2012 - 16:58 | 2957916 Silver Bully
Silver Bully's picture


Wed, 11/07/2012 - 15:39 | 2957567 Coldsun
Coldsun's picture

What's the financial term for the rate of change for change/volatility? For physics the rate of change for acceleration is "jerk". Accepting all legitimate and comical answers below.

Wed, 11/07/2012 - 15:53 | 2957624 ebworthen
ebworthen's picture

Chaikin's Volatility function, but I propose we change it to " chokin' " (though "suck" would work too).

Wed, 11/07/2012 - 15:20 | 2957463 Dan Conway
Dan Conway's picture

This is hilarious!  Just like when they banned shorting stocks a few years ago.  I can't wait for the upcoming rule that you can only buy if the trade will result in a gain for the seller - That's only fair!!!!!!

Wed, 11/07/2012 - 15:30 | 2957527 unununium
unununium's picture

> I can't wait for the upcoming rule that you can only buy if the trade will result in a gain for the seller

Mary Schapiro called.  She wants to know what the license fee is for this idea.

Wed, 11/07/2012 - 15:48 | 2957615 ParkAveFlasher
ParkAveFlasher's picture

Fee?  That idea belongs to the People, unununium.

Wed, 11/07/2012 - 17:07 | 2957968 Silver Bully
Silver Bully's picture

You didn't build that fee. Someone else made that fee happen.

Wed, 11/07/2012 - 15:21 | 2957466 constantine
constantine's picture

The VXX derivative was probably about to melt down.

Wed, 11/07/2012 - 15:22 | 2957479 surf0766
surf0766's picture

I sense wisdom .

Wed, 11/07/2012 - 16:28 | 2957734 constantine
constantine's picture

Ahh thanks but I wouldn't go that far.  I've officially taken a long position on two RGIII rookie cards... LOL...

cool ones though, with the autograph.

Wed, 11/07/2012 - 15:31 | 2957536 unununium
unununium's picture

I got my sell orders in place already on my VXX calls.  The melt up may only last 8 minutes.

Wed, 11/07/2012 - 15:40 | 2957471 TruthInSunshine
TruthInSunshine's picture

 "...due to a systems problem."


Well alrighty then. At least we're not in the dark as to what the specific problem is that forced them to halt an INDICATOR.

It's good that they halted volatility, because that will likely lead to zeee stability.



(Bernank'd Markets ftl)

Thu, 11/08/2012 - 05:52 | 2959719 slackrabbit
slackrabbit's picture

As systems engineer it could also mean someone accidently bumbped the reset button as i walked passed, but somehow I don't think so......perhaps they can blame it on a terrorist minority or some middle east country whose oil we want?

Wed, 11/07/2012 - 15:25 | 2957480 Blazed
Blazed's picture

Next, let's have markets with no price action. Price is a problem, we don't need no stinking price. Besides, only terrrrists use price.

Wed, 11/07/2012 - 15:47 | 2957563 TruthInSunshine
TruthInSunshine's picture

Reverse Dutch auction for "what's behind curtain number 3?" ticker symbols with The Bernank as the lone bidder?


Wed, 11/07/2012 - 18:12 | 2958312 aerojet
aerojet's picture

We're basically there now.

Wed, 11/07/2012 - 15:23 | 2957483 alien-IQ
alien-IQ's picture

I have witnessed a couple of things in the past two or three days that have me very seriously thinking of getting out of the market for good. It is simply beyond broken. It's a corrupt clusterfuck.

Wed, 11/07/2012 - 15:25 | 2957494 Matt
Matt's picture

DAYS? Surely, you meant YEARS, right?

Wed, 11/07/2012 - 15:34 | 2957552 alien-IQ
alien-IQ's picture

well...let's just say that these last few days may be so-called straw that broke the camels back.

it's been years in accumulation...but's just gone so so so very wrong that you have to question your own sanity if one chooses to stay in this broken racket.

I've got to give this topic some serious thought and do a little soul searching. I'm not sure I can keep being part of this mess and still face myself.

Wed, 11/07/2012 - 15:47 | 2957610 adr
adr's picture

After going through the 97-99 era, I gave it all up back then. When I watched friends get $75k starting job offers with BMW 3 series signing bonuses, to play fooseball all day in an office with 5 people, I declared humanity a lost cause.

The past 12 years has just been circling through various levels of hell.

Wed, 11/07/2012 - 15:34 | 2957551 unununium
unununium's picture

As long as you accept your paycheck in USD, you have to play.

Wed, 11/07/2012 - 15:40 | 2957579 Dr. Engali
Dr. Engali's picture

The past two or three days? Really you're just now noticing?

Wed, 11/07/2012 - 15:41 | 2957584 dwdollar
dwdollar's picture

You ain't leaving. If you're dumb enough to stay in after all the shit that has happened over the past 4 years, you ain't leaving.

Wed, 11/07/2012 - 18:13 | 2958321 aerojet
aerojet's picture

When I first saw the robots invade a couple years back, I was stunned at what it did to the charts in the off hours--the charts are utterly meaningless now.  We're going through the motions, but the whole market is just a facade.

Wed, 11/07/2012 - 15:24 | 2957488 vote_libertaria...
vote_libertarian_party's picture

Volatility is now banned.

Wed, 11/07/2012 - 16:32 | 2957754 resurger
resurger's picture


Wed, 11/07/2012 - 17:30 | 2958111 jmcadg
jmcadg's picture

Unless it's a smackdown on silver, that's fine!

Wed, 11/07/2012 - 15:24 | 2957489 e-man
e-man's picture

This whole buying and selling of securities in an open market to efficiently determine the price of said securities is a lot of wasted work that leads nowhere.  I think we should have a system more like bingo and...oh, wait...

Wed, 11/07/2012 - 15:49 | 2957622 TruthInSunshine
TruthInSunshine's picture

Dudley has proposed having the FOMC price equities (and other asset classes) using nothing more than a pencil, protractor and sundial.

Wed, 11/07/2012 - 16:07 | 2957683 Raynja
Raynja's picture

No, they will use the pencil, protractor, and sundial to price equality. They will continue to use algos to price equities.

Wed, 11/07/2012 - 15:24 | 2957492 Catullus
Catullus's picture

Thus: NEVER under any circumstance own the Vix ETFs. You can't win.

Wed, 11/07/2012 - 15:26 | 2957502 Matt
Matt's picture

Can you short two opposed, levered VIX ETFs and make money off the degradation?

Wed, 11/07/2012 - 15:38 | 2957541 Quinvarius
Quinvarius's picture

I did some math on that.  The short answer is no.  The compounding nature makes the one that goes higher outpace the one that goes lower.  You have to rebalance all the time in a trending market.

The trick to the levered ETFs is to know that a double short ETF can never regain all of its losses and it has permanent decay.  Shorting garbage x2 short ETFs like ZSL is probably the best way to go long paper silver.  The decay is a math trick that will ensure you win long term.  The 2010 silver raid is a good example.  ZSL is lower now than it was when silver was at 50.  X2 short ETFs are for fools.  X2 long ETFs don't have the built in suckers decay.  They have some decay.  But it is not built in from the math trick.  The things you have to avoid with X2 long are oil ETFs or other ETFs that use contracts and force you to eat rollover costs when they switch months.  Personally, I no longer trust ETFs at all.  I'd rather have the real certificate of a company I want to own.

Wed, 11/07/2012 - 15:46 | 2957583 unununium
unununium's picture

> X2 short ETFs are for fools.

I always wonder when I see this.  How is this different from saying being long any option with theta (IOW any option) is for fools?

These levered ETF's are downside protected and require less capital.  You want that for free?

** You edited to stress that only short ETF's are for fools (which you did say from the outset).  Is there a straightforward way to explain why?

Wed, 11/07/2012 - 15:47 | 2957611 Quinvarius
Quinvarius's picture

I don't think the x2 levered short ETFs are downside protected.  The downside is pretty much mandatory.  Honestly, if you are hedging a long, you'd be better of shorting an X2 long ETF than buying an x2 short ETF.  They are totally different animals.  The difference is not apparent until you wargame it out on a piece of paper.  You can look at the chart of ZSL and see the effects of the math trick.  But until you do some math and a small simulation, you won't truly understand what that turdball is doing and why it can never go up long term.

Wed, 11/07/2012 - 15:49 | 2957620 Quinvarius
Quinvarius's picture

As you quoted me, I started out only talking about x2 shorts.  I added the part about x2 longs because they are not the same thing.  I don't see them as fundamentally broken.

Wed, 11/07/2012 - 16:40 | 2957806 Bicycle Repairman
Bicycle Repairman's picture

If you find the above opaque just pick any 2X inverse ETF and the index it shorts.  Compare the performance of both in the period from 7/1/08 to 3/31/09.  The 2X short should have cleaned up, but you'll find they both lost.  There may be an exception or two, but generally the 2X inverse ETFs do not work as expected.

Wed, 11/07/2012 - 15:54 | 2957640 overbet
overbet's picture

There is definately an edge there but the brokers know that and Goldman charges you the EV in fees so the short answer is NO!

Wed, 11/07/2012 - 15:26 | 2957504 Quinvarius
Quinvarius's picture

No payout for you.  The money NAZI has spoken.

Wed, 11/07/2012 - 15:27 | 2957509 buzzsaw99
buzzsaw99's picture

I imagine many wanted flood insurance two minutes before Sandy hit too.

Wed, 11/07/2012 - 15:27 | 2957512 sink critically
sink critically's picture

Today I draw a line in the sand. Anyone who cannot discern market manipulation of the "whatever it takes" variety from here forward deserves pity rather than scorn, for their deck is surely short a few face cards.

Wed, 11/07/2012 - 15:27 | 2957513 SheepDog-One
SheepDog-One's picture

Gee I thought all the conventional egghead wisdomers said ObaMao win would mean a certain run to 20% higher equities? I guess not so much.

Wed, 11/07/2012 - 15:41 | 2957589 sink critically
sink critically's picture

You are confusing the asset with the paper it's printed on. All tangible assets will continue to accrue in value, and on a long enough time line all paper promises will revert to the value of the paper they're printed on.

Wed, 11/07/2012 - 15:55 | 2957648 overbet
overbet's picture

BTFD. How can prices not go up when the printing wont stop?

Wed, 11/07/2012 - 15:27 | 2957515 surf0766
surf0766's picture

Even in Greek which I don't speak , I can tell he is full of shit

Wed, 11/07/2012 - 15:28 | 2957516 freedogger
freedogger's picture

This is bullshit, the VIX is a calculation - without halting SPX options, how do you halt VIX. COCKSUCKERS

Wed, 11/07/2012 - 15:38 | 2957572 TruthInSunshine
TruthInSunshine's picture

2 + 2 = 5

Paging Orwell

Wed, 11/07/2012 - 15:49 | 2957625 Coldsun
Coldsun's picture

Only for extremely large values of 2.

Wed, 11/07/2012 - 15:42 | 2957594 buzzsaw99
buzzsaw99's picture

Backwards question. How do you manipulate the spx unnoticed if the vix will tell on you?

Wed, 11/07/2012 - 15:54 | 2957643 dirtyfiles
dirtyfiles's picture

because its so called "fear index"

and in the new yamerica we have no pleace for fear....

Wed, 11/07/2012 - 17:05 | 2957962 TruthInSunshine
TruthInSunshine's picture

I thought the only thing we had to fear was....

....ehhhh, fuck it.

Thu, 11/08/2012 - 05:56 | 2959722 slackrabbit
slackrabbit's picture

only terror.....

Wed, 11/07/2012 - 15:29 | 2957525 godzila
godzila's picture

I muss say I did not see that one coming ! Well played :(

Wed, 11/07/2012 - 15:29 | 2957526 Awakened Sheeple
Awakened Sheeple's picture

Who's hungry for skewered Bear? :/

Wed, 11/07/2012 - 15:30 | 2957528 dirtyfiles
dirtyfiles's picture

well we are closer to perfection with this market...
now lets manipulate the weather...

Wed, 11/07/2012 - 15:30 | 2957530 Intoxicologist
Intoxicologist's picture

Put some VIX Vapo-Rub on it.  That'll fix it.

Wed, 11/07/2012 - 15:32 | 2957539 surf0766
surf0766's picture

Quote of the day. Cheers !

Wed, 11/07/2012 - 15:31 | 2957533 Dr. Engali
Dr. Engali's picture this is some crazy shit I've never seen.

Wed, 11/07/2012 - 16:26 | 2957721 RSloane
RSloane's picture

Its kind of breath-taking isn't it?

Wed, 11/07/2012 - 17:00 | 2957921 GCT
GCT's picture

Hey Doc maybe you can explain whats going on, please.  I have been out of the markets for two years now.  Just in cash and PM's.  the reason is I just do not know enough. 

Wed, 11/07/2012 - 15:32 | 2957537 LiesAreTheOnlyTruth
LiesAreTheOnlyTruth's picture

What the FUCK!  Even if you are CORRECT in your strategy, you are NOT allowed to profit from it! 

I can't wait ...

Here comes another four years of total tranquility and rewarding failure.


Wed, 11/07/2012 - 16:48 | 2957848 optimator
optimator's picture

I went into TVIX, this government, the FED, won't let you win at anything.

Wed, 11/07/2012 - 15:32 | 2957538 jtz5
jtz5's picture

Tell me Obama didn't call Boeing CEO and tell him if he makes this announcement before the election, they will lose their defense contract.  The timing of this stinks.

(Reuters) - Boeing Co announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.

The company told employees about the changes on Wednesday, in a memo obtained by Reuters and confirmed by Boeing.

Boeing, the Pentagon's second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company's costs by $2.2 billion since 2010, according to the memo.

The measures come as U.S. weapons makers are under pressure to cut costs and preserve profit margins amid dwindling defense spending in the U.S. [ID:nL1E8LPJ2H]

Wed, 11/07/2012 - 15:41 | 2957586 adr
adr's picture

I wonder what other gems the wondercorps have in store for us over the next few weeks?

My bet is a 100k+ pink slips for GM factory workers. Now that the union vote has done its job, no need to run the factories full tilt to stuff the dealers.

That also means the Obamacar program will come to an end for a while.

Wed, 11/07/2012 - 15:49 | 2957623 mr. mirbach
mr. mirbach's picture

And now that the election is over will employers get a memo from the White House to comply with the Worker Adjustment and Retraining Notification Act?

Wed, 11/07/2012 - 16:31 | 2957750 Northeaster
Northeaster's picture

They were just in compliance with Obama usurping WARN before elections. Nothing to see here

Wed, 11/07/2012 - 18:17 | 2958340 aerojet
aerojet's picture

RMoney would have also stolen their lollipops, it's a no-win game.

Wed, 11/07/2012 - 15:32 | 2957540 Cangaroo.TNT
Cangaroo.TNT's picture

When asked about the likelihood of the S&P closing below 1400, Miracle Max replied:

"It would take a miracle."

Wed, 11/07/2012 - 15:38 | 2957546 ebworthen
ebworthen's picture

So from here on out any "volatility" to the downside of anything will halt the stock or the index.

No crashes allowed; to be followed by MSM fat-finger, rogue trader, early "mistaken" release stories.

Probably also for at least the next six months or year various errors due to the "flooding of sensitive electronic servers and routers in a basement somewhere" or some such B.S.

Rats chewing on cables, mysterious power outage, bad code, disgruntled employee, sun spots; the list is endless.

Wed, 11/07/2012 - 15:34 | 2957553 irishlink
irishlink's picture

The SEC will fix it. It's their job. LoL

Wed, 11/07/2012 - 15:35 | 2957554 youngman
youngman's picture

Dirty Harry of the senate said no talks on the debt ceiling or fiscal cliff until after January..can´t ruin their holidays with work you will he be educated..but I think he is in such a little world that he will never know

Wed, 11/07/2012 - 15:43 | 2957592 ebworthen
ebworthen's picture

They need time to see who offers them the most money and power under the table before they decide who to bend over and who to fluff.

Lots of holiday parties with opportunities for the passing of umarked bills, diamonds, and posts at government agencies and bank board of director positions.

Those wily CONgressional "representatives" didn't get there on principle and character after all.

Wed, 11/07/2012 - 18:14 | 2958323 Nobody For President
Nobody For President's picture

God you are a cynical fuck.

So of course I voted you a greenie...

Wed, 11/07/2012 - 15:46 | 2957608 thomasincincy
thomasincincy's picture

for some reason he reminds me of those greek or roman era pictures of people lying around eating grapes, drinking wine and half naked in togas

Wed, 11/07/2012 - 17:07 | 2957967 TruthInSunshine
TruthInSunshine's picture

Belushi? Animal House?

Wed, 11/07/2012 - 15:40 | 2957558 ThisIsBob
ThisIsBob's picture

VIX is generally inversely colinear with price and is a chump trade.  If you think you know what price is doing, there are numerous better ways to monetize that wisdom.

Wed, 11/07/2012 - 15:37 | 2957559 SheepDog-One
SheepDog-One's picture

'Halt' a market indicator, LOL the ultimate clownshow.

Wed, 11/07/2012 - 15:48 | 2957617 dirtyfiles
dirtyfiles's picture

remiands  me of that famous "Hende Hoh"!

Wed, 11/07/2012 - 15:39 | 2957575 Jake88
Jake88's picture

where did this stupid bullshit come from.

Wed, 11/07/2012 - 15:43 | 2957598 surf0766
surf0766's picture

The red diaper babies with central planning

Wed, 11/07/2012 - 15:42 | 2957595 Bam_Man
Bam_Man's picture

"I will gladly pay you Tuesday..."

Wed, 11/07/2012 - 15:44 | 2957605 uncle_vito
uncle_vito's picture

I am seeing RVX stuck at 22.64.   VIX seems OK to me.

Wed, 11/07/2012 - 16:03 | 2957672 q99x2
q99x2's picture

But it the had their volatility software working so well just yesterday.

Wed, 11/07/2012 - 16:16 | 2957689 Overflow-admin
Overflow-admin's picture

ZH halted too, but gone up again in minutes.


Strange days...

Wed, 11/07/2012 - 16:26 | 2957724 wstrub
wstrub's picture

Derivitives market................about to be closed.  This is a test.  DTCC............certs under water.  Can't trade derivitives on certs that don't exist.

Wed, 11/07/2012 - 16:36 | 2957738 BlackholeDivestment
BlackholeDivestment's picture

...reading the Fight Club lamentations on this VIX FIXX has me laughing my ass off. Man I love you guys. Lol.

Wed, 11/07/2012 - 16:32 | 2957752 dark pools of soros
dark pools of soros's picture

Prices are too mathy, and favors men..  we need something more gender neutral..  colors..  let's use colors

Wed, 11/07/2012 - 16:47 | 2957840 Bicycle Repairman
Bicycle Repairman's picture

Big picture.  In Soviet America the market serves the state.  The state will intervene as necessary.  If the state sees fit, the markets will be ended.

Wed, 11/07/2012 - 17:17 | 2958026 optimator
optimator's picture

And a thanks to Tyler, if he handn't "mentioned" it, as if they didn't know it, they'd a kept it frozen!

Wed, 11/07/2012 - 17:24 | 2958072 hedgehog9999
hedgehog9999's picture

Crash overrnigt bitchez and bitchezzetes. The music has stopped, and the real austerity has to begin.

Wed, 11/07/2012 - 17:24 | 2958073 hedgehog9999
hedgehog9999's picture

Crash overrnigt bitchez and bitchezzetes. The music has stopped, and the real austerity has to begin.

Wed, 11/07/2012 - 18:16 | 2958337 Nobody For President
Nobody For President's picture

Plus one for 'bitchezzetes'

Minus one for double post...

Thu, 11/08/2012 - 01:10 | 2959491 jackinrichmond
jackinrichmond's picture

i have been watching VXX for a couple years now.  its basically a useless indicator now.

is there any market that they haven't ruined yet?


Do NOT follow this link or you will be banned from the site!