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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.

 


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Wed, 11/07/2012 - 15:17 | Link to Comment surf0766
surf0766's picture

In Amerika, nothing go down. No?

Wed, 11/07/2012 - 15:18 | Link to Comment NewThor
NewThor's picture

1337 = LEET

in nerd speak....

Wed, 11/07/2012 - 15:20 | Link to Comment malikai
malikai's picture

Even better, it's LEET-ET.

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

and, something new everyday,

in our day and age.

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

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

http://dearmreastwood.weebly.com/

Wed, 11/07/2012 - 15:26 | Link to Comment TeamDepends
TeamDepends's picture

Sure.  It's all Dirty Harry's fault.

Wed, 11/07/2012 - 15:33 | Link to Comment buzzsaw99
buzzsaw99's picture

god hates mormons

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

Why, Dirty Harry didn't make his day?

Wed, 11/07/2012 - 17:54 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment pods
pods's picture

Has anyone heard from AnAnon today?  

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

pods

Wed, 11/07/2012 - 15:50 | Link to Comment 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 | Link to Comment dark pools of soros
dark pools of soros's picture

not the women, no

Wed, 11/07/2012 - 18:03 | Link to Comment 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 | Link to Comment AldoHux_IV
AldoHux_IV's picture

LOL, free and efficient markets.

Wed, 11/07/2012 - 15:19 | Link to Comment Mercury
Mercury's picture

Well that's it, no more volatility.

Wed, 11/07/2012 - 15:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment GCT
GCT's picture

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

Wed, 11/07/2012 - 18:13 | Link to Comment R_J
R_J's picture

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

Wed, 11/07/2012 - 15:25 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

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

Thu, 11/08/2012 - 01:32 | Link to Comment 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 | Link to Comment JPM Hater001
JPM Hater001's picture

Surprised face

 

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Wed, 11/07/2012 - 15:18 | Link to Comment Segestan
Segestan's picture

Living on hope but change is coming.

Wed, 11/07/2012 - 15:27 | Link to Comment PLira
PLira's picture

True that.

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

Wed, 11/07/2012 - 15:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment Flakmeister
Flakmeister's picture

Manipulated volatility in the volatility???

Wed, 11/07/2012 - 15:21 | Link to Comment Matt
Matt's picture

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

Wed, 11/07/2012 - 15:33 | Link to Comment 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 | Link to Comment Silver Bully
Silver Bully's picture

VA-VA-VA-VOOM!

Wed, 11/07/2012 - 15:39 | Link to Comment 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 | Link to Comment ebworthen
ebworthen's picture

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

http://www.tradingsolutions.com/functions/ChaikinsVolatility.html

Wed, 11/07/2012 - 15:20 | Link to Comment 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 | Link to Comment 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 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Fee?  That idea belongs to the People, unununium.

Wed, 11/07/2012 - 17:07 | Link to Comment Silver Bully
Silver Bully's picture

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

Wed, 11/07/2012 - 15:21 | Link to Comment constantine
constantine's picture

The VXX derivative was probably about to melt down.

Wed, 11/07/2012 - 15:22 | Link to Comment surf0766
surf0766's picture

I sense wisdom .

Wed, 11/07/2012 - 16:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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.

 

/s

(Bernank'd Markets ftl)

Thu, 11/08/2012 - 05:52 | Link to Comment 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 | Link to Comment 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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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

Brilliant!

Wed, 11/07/2012 - 18:12 | Link to Comment aerojet
aerojet's picture

We're basically there now.

Wed, 11/07/2012 - 15:23 | Link to Comment 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 | Link to Comment Matt
Matt's picture

DAYS? Surely, you meant YEARS, right?

Wed, 11/07/2012 - 15:34 | Link to Comment 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 now...it'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 | Link to Comment 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 | Link to Comment unununium
unununium's picture

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

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

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

Wed, 11/07/2012 - 15:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

Volatility is now banned.

Wed, 11/07/2012 - 16:32 | Link to Comment resurger
resurger's picture

lol

Wed, 11/07/2012 - 17:30 | Link to Comment jmcadg
jmcadg's picture

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

Wed, 11/07/2012 - 15:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Catullus
Catullus's picture

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

Wed, 11/07/2012 - 15:26 | Link to Comment Matt
Matt's picture

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

Wed, 11/07/2012 - 15:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Quinvarius
Quinvarius's picture

No payout for you.  The money NAZI has spoken.

Wed, 11/07/2012 - 15:27 | Link to Comment buzzsaw99
buzzsaw99's picture

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

Wed, 11/07/2012 - 15:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment overbet
overbet's picture

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

Wed, 11/07/2012 - 15:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

2 + 2 = 5

Paging Orwell

Wed, 11/07/2012 - 15:49 | Link to Comment Coldsun
Coldsun's picture

Only for extremely large values of 2.

Wed, 11/07/2012 - 15:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

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

....ehhhh, fuck it.

Thu, 11/08/2012 - 05:56 | Link to Comment slackrabbit
slackrabbit's picture

only terror.....

Wed, 11/07/2012 - 15:29 | Link to Comment godzila
godzila's picture

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

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

Who's hungry for skewered Bear? :/

Wed, 11/07/2012 - 15:30 | Link to Comment dirtyfiles
dirtyfiles's picture

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

Wed, 11/07/2012 - 15:30 | Link to Comment Intoxicologist
Intoxicologist's picture

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

Wed, 11/07/2012 - 15:32 | Link to Comment surf0766
surf0766's picture

Quote of the day. Cheers !

Wed, 11/07/2012 - 15:31 | Link to Comment Dr. Engali
Dr. Engali's picture

Okay...now this is some crazy shit I've never seen.

Wed, 11/07/2012 - 16:26 | Link to Comment RSloane
RSloane's picture

Its kind of breath-taking isn't it?

Wed, 11/07/2012 - 17:00 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment aerojet
aerojet's picture

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

Wed, 11/07/2012 - 15:32 | Link to Comment 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 | Link to Comment 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 | Link to Comment irishlink
irishlink's picture

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

Wed, 11/07/2012 - 15:35 | Link to Comment 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 know....lol...boy 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Belushi? Animal House?

Wed, 11/07/2012 - 15:40 | Link to Comment 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 | Link to Comment SheepDog-One
SheepDog-One's picture

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

Wed, 11/07/2012 - 15:48 | Link to Comment dirtyfiles
dirtyfiles's picture

remiands  me of that famous "Hende Hoh"!

Wed, 11/07/2012 - 15:39 | Link to Comment Jake88
Jake88's picture

where did this stupid bullshit come from.

Wed, 11/07/2012 - 15:43 | Link to Comment surf0766
surf0766's picture

The red diaper babies with central planning

Wed, 11/07/2012 - 15:42 | Link to Comment Bam_Man
Bam_Man's picture

"I will gladly pay you Tuesday..."

Wed, 11/07/2012 - 15:44 | Link to Comment 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 | Link to Comment q99x2
q99x2's picture

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

Wed, 11/07/2012 - 16:16 | Link to Comment Overflow-admin
Overflow-admin's picture

ZH halted too, but gone up again in minutes.

 

Strange days...

Wed, 11/07/2012 - 16:26 | Link to Comment 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 | Link to Comment 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. 

http://www.youtube.com/watch?v=q1lWBs79LW0 

http://www.universetoday.com/98354/the-milky-ways-black-hole-shoots-out-brightest-flare-ever/#more-98354

Wed, 11/07/2012 - 16:32 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Nobody For President
Nobody For President's picture

Plus one for 'bitchezzetes'

Minus one for double post...

Thu, 11/08/2012 - 01:10 | Link to Comment 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?

 

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