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NASDAQ, Pink Sheets Break; US Equity Markets Dump

Tyler Durden's picture




 

With everyone's attention focused on TWTR's release and following this morning's insta-lift from Draghi's surprise, US equity markets are falling fast (led by Nasdaq weakness on moar momo failures) - reverting all the gains and some. While we fully expect more "self-help" declarations as the day wears on, IB has already released a statement that Pink Sheet stock market data will be unavailable until further notice... and that NASDAQ has disable direct routing for TWTR... what a mess...

 

 

 

Pink Sheets Break

 

NASDAQ Breaks

 

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Thu, 11/07/2013 - 11:21 | 4130891 Yen Cross
Yen Cross's picture

 Like I said Sunday. It will be a "sell the news event", unless Draghi announces LTRO2.

Thu, 11/07/2013 - 11:25 | 4130911 PartysOver
PartysOver's picture

Just another day in the Fictional Arena know as Free Markets.

Nothing to see here.  Move along.

Thu, 11/07/2013 - 11:36 | 4130957 TeamDepends
TeamDepends's picture

Come on, man.  Help a brother out.  We need our ATH.  Just one more time, we'll kick tomorrow promise.

Thu, 11/07/2013 - 11:47 | 4130990 hedgeless_horseman
hedgeless_horseman's picture

 

 

NASDAQ Breaks

Something is dreadfully wrong for I feel
A deep burning pain in my side.
Though I am trying
To stay in the saddle,
I'm getting weary,
Unable to ride.

Thu, 11/07/2013 - 12:17 | 4131170 dontgoforit
dontgoforit's picture

I guess this shit-show plays as well in El Paso as it does in Peroria.  (Marty was one of my favs.)

Thu, 11/07/2013 - 12:54 | 4131370 0b1knob
0b1knob's picture

" I felt a great disturbance in the Force, as if millions of muppets suddenly cried out in terror and were suddenly bankrupt. I fear something terrible has happened."

Thu, 11/07/2013 - 11:21 | 4130895 101 years and c...
101 years and counting's picture

a broken "market" should be good for a 10-15 point gain in ES. 

Thu, 11/07/2013 - 11:39 | 4130966 Nobody For President
Nobody For President's picture

Market?

Thu, 11/07/2013 - 11:23 | 4130901 Grande Tetons
Grande Tetons's picture

Who knew deflation could be so scary? 

Thu, 11/07/2013 - 11:28 | 4130917 LawsofPhysics
LawsofPhysics's picture

"Deflation" is a fucking myth as no society/currency has collapsed/died because their purchasing power became too strong.

Quick muppet, to the other side of the boat!!!

In a "debt is money" system, sovereign debt must increase and you will buy that debt and accept the 80% haircut or you will be placed in the FEMA camp for re-education.

Thu, 11/07/2013 - 11:31 | 4130930 LetThemEatRand
LetThemEatRand's picture

I live in Clearwater, work in Safety Harbor.  Two days ago, the local cops staged a full blown "exercise" in downtown off main street.  At fucking rush hour. They had literally 50 cops with full armor and auto weapons, and a police "tank".  They pretended to bust down a building and storm it.   The one and only reason to do something like this at rush hour on main street in small town Florida is to send a message to the sheeple.

Thu, 11/07/2013 - 11:37 | 4130958 Dr. Engali
Dr. Engali's picture

It's simply amazing to me. A few years ago our town was relatively quiet.  Now there isn't a night that goes by where we don't hear or see what seems to be the entire police department surrounding a building like they are facing off a small army. Usually we will find out the next day that somebody was smoking a joint (I exaggerated with that last part, but not by much) 

Thu, 11/07/2013 - 12:00 | 4131056 jbvtme
jbvtme's picture

i called my local police chief in new england (not my first time) and reemed him for placing a speed trap cop after dark near a speed transition point. i rag them all the time. try it, it feels good.  they work for you, don't you know.  

Thu, 11/07/2013 - 12:18 | 4131171 HoofHearted
HoofHearted's picture

Dr. Engali, I thought I understood you were in Indiana. Here the police barge in and smoke a joint with the "perpetrator," maybe even have a beer with him or her, but we're in the meth capital of Indiana. They are happy when it is just a joint around here...and they pretty much leave us the hell alone. 

Thu, 11/07/2013 - 11:38 | 4130963 camaro68ss
camaro68ss's picture

the police will only be united until there own familys run out of food after the first 3 days of SHTF. then the shit will really hit the fan after all LEO head home to defend ones family.

Thu, 11/07/2013 - 11:46 | 4130991 RobD
RobD's picture

NOLA was a preview, during those first 3 days they will try to disarm you then on there way home they will steal/rob anything they can.

Thu, 11/07/2013 - 12:06 | 4131098 akarc
akarc's picture

It was also a preview of who will really be taken care of. Blackwater had boots on the ground before anyone else. When the PoPo go home the corporate mercenaries will take charge. They will be better armed than you and I.  It is amazing what permission to rape, pillage and plunder will do to a man.

Thu, 11/07/2013 - 11:54 | 4131023 Future Jim
Future Jim's picture

You seriously think the government will run out of food for anyone they still need in order to finish neutralizing the few million folks who understand the Constitution? You think all those trillions of dollars couldn't have bought an effective plan? That's one million dollars per target. We're not talking about a web site. What is the one thing governments do well?

Thu, 11/07/2013 - 11:46 | 4130989 Future Jim
Future Jim's picture

Your concern is well placed, but I'm curious. Given your hatred of Ayn Rand as expressed by your name and your many posts on ZH, and given your many pro-socialist posts on ZH, it seems like you would have eagerly voted for the current regime, who are the perpetrators of your putative concerns about the accelerating police state ...

Thu, 11/07/2013 - 11:51 | 4130994 LetThemEatRand
LetThemEatRand's picture

If you actually read my posts, you will understand my point of view that it is not a binary equation.  Ayn Rand does not equal freedom.  She is a front to fascism and is used by fascists to promote their agenda because most people don't see it.  Greenspan co-wrote with Ayn Rand.  He is not a lost sheep.  He is a concrete example of what Ayn Rand means in practice.  Focus on actions, not words.  Get over her.

Believe it or not, you can hate Ayn Rand and still promote freedom and justice.  The fact that people don't get that is very confounding to me.

Thu, 11/07/2013 - 12:02 | 4131073 Future Jim
Future Jim's picture

Evasive ...

We all know that Ayn Rand thinks sociialism leads to tyranny and you disagree and think the free market leads to tyranny. That is also the philosophy of the current administration. so it seems highly probable that you would have eagerly supported the current administration, whose actions have been to accelerate the police state you are complaining about ..

Thu, 11/07/2013 - 12:09 | 4131120 LetThemEatRand
LetThemEatRand's picture

There's nothing evasive about my answer.   I notice you don't address Greenspan which to me is the elephant in the room when anyone tries to tell me that Rand is the answer to anything. 

I don't care if you worship Rand.  Have at it.  I've posted more times than I can count trying to debate the issue with true believers and it is a pointless exercise.  Either you'll get it one day or you won't.  I'm not going to convince you.

Thu, 11/07/2013 - 12:11 | 4131134 Future Jim
Future Jim's picture

I thought you wanted to talk about actions ...

Thu, 11/07/2013 - 12:16 | 4131159 LetThemEatRand
LetThemEatRand's picture

Which part of my dozens of posts calling for Obama and the entire Congress to be thrown out if not arrested makes you think I support any of them?  Nevermind.  Another circular strawman argument with a Rand believer.  Carry on.

Thu, 11/07/2013 - 12:27 | 4131213 Future Jim
Future Jim's picture

As I said, your comments were closley alligned with those of the current regime until enough people here set you straight, so it seems logical that you would have supported them - at least in the past, and given your hatred of Ayn Rand, you can't be supportive of Ron Paul because he is more consistent with Ayn Rand that any other Republicans. So, I'm just curious how you reconcile the recent flood of inconvenient actions ...

Thu, 11/07/2013 - 12:30 | 4131234 ParkAveFlasher
ParkAveFlasher's picture

Nicely put LTER.  Atlas Shrugged has a cool narrative, and it has a very deep investigation of the obverse psychologies of both over- and under- achievers , but at the end of the day, it's a tad fat on redemption fantasies for workaholics.

Thu, 11/07/2013 - 13:01 | 4131289 Future Jim
Future Jim's picture

True. Atlas Shrugged labeled crony capitalists as the lowest of the low, and honest innovative capitalists as gods among men, which was a little naive because she did not seem to fully understand the extent to which the capitaists of her day were crony capitalists, but she was right that in the future, the crony capitalists and their free shit army would crowd out the honest capitalists. From what I have seen of her work so far, she also underplayed evolution and dishonest money supply, and hence never quite got the full cause and effect.

Thu, 11/07/2013 - 11:51 | 4131006 Dr. Engali
Dr. Engali's picture

The police state and the trend towards facism was well in place before the current administration. Zero is just a paid actor for the people pulling the strings behind the scenes.

Thu, 11/07/2013 - 12:00 | 4131062 akarc
akarc's picture

THANK YOU! The tunnel vision hate of Obama only serves to blind people to the reality that this has been going on for a very long time. If it is more obvious or blatant now it is only because the puppet masters have learned that they can take five miles for an inch rather than a mile because the sheeple will do absolutely nothing to stop them.

Am consistently amazed but not no longer surprised! 

Thu, 11/07/2013 - 12:23 | 4131199 HoofHearted
HoofHearted's picture

Patriot Act, anyone? And that can't be blamed on Obama. We got rid of George 3rd, then we got George 43rd, and now Bamster. The next one will probably be even worse, no matter if (s)he wears a red shirt or a blue one. It would be even better if we have a dainty little female as the real Overlord. So Hillary is out, but maybe Blythe Masters? Yes, she is a Brit, but we have a Kenyan in office now, according to many!

Thu, 11/07/2013 - 12:10 | 4131124 Future Jim
Future Jim's picture

We are talking about the cognitive dissonance of LTER. Her opposition to Bush would not have been cognitive dissonance.

Thu, 11/07/2013 - 11:49 | 4130997 LeisureSmith
LeisureSmith's picture

Pointing out wildly inappropriate use of scarce resourses and inconveniencing the public for no good reason sounds very homegrown terroristy.

Thu, 11/07/2013 - 12:07 | 4131090 jbvtme
jbvtme's picture

re: the clearwater excercise...probably straightening out some unfinished business with the scientologists...

Thu, 11/07/2013 - 11:39 | 4130967 akarc
akarc's picture

Subject: DHS is spending $19 million in our State. Why?

> Date: Tuesday, November 5, 2013, 11:21 AM

https://www.fbo.gov/?s=opportunity&mode=form&id=99fcfaba67468c42e81a0edc0df7e5b5&tab=core&_cview=0

>  The Department of Homeland Security is to spend $19 million dollars on a
>  private security force in Wisconsin and Minnesota, an armed unit that 
> must have a “Top Secret” security clearance according to an official 
> solicitation.

Thu, 11/07/2013 - 11:59 | 4131046 10mm
10mm's picture

Key word,pivate.They can screen who they want,dont want.

Thu, 11/07/2013 - 11:24 | 4130910 alien-IQ
alien-IQ's picture

CLUSTERFUCKOLICIOUS!

Thu, 11/07/2013 - 11:50 | 4130999 ziggy59
ziggy59's picture

Great phrase! Wont fit on a license plate tho..

Thu, 11/07/2013 - 11:25 | 4130914 Running On Bing...
Running On Bingo Fuel's picture

Once you place your TWTR trade you should not look at it. It's like buying a rocking chair. Just buy it and sit on it for a while and enjoy.

Over.

Thu, 11/07/2013 - 11:26 | 4130916 Dr. Engali
Dr. Engali's picture

Draghi fucked up the robot's microchips. The fembots are losing it.

 

http://youtu.be/9H4prE95LE0

Thu, 11/07/2013 - 11:29 | 4130926 Cognitive Dissonance
Cognitive Dissonance's picture

I suspect Twitter's IPO has marked the top for this leg up into the market insanity. Only one more leg up into the 100 year jaws of death chart pattern.

Thu, 11/07/2013 - 11:34 | 4130946 walküre
walküre's picture

Would be funny to find out that selloff started due to a mass buying hysteria into tulips. Wait?!?

Thu, 11/07/2013 - 11:43 | 4130981 fonzannoon
fonzannoon's picture

I think you are part right. Twitter is causing the selloff because everyone is dumping something to buy twitter

Thu, 11/07/2013 - 11:51 | 4131005 walküre
walküre's picture

for shits and giggles

LULU has 6400 employees, 20% profit margin, 30% EBITD and a valuation of 12 billion

they actually make stuff that people are willing to pay for, just one example

this TWTR is heading South and to $10 once the mania stops unless of course the same initial buyers who dumped other stocks are dumping more stocks to average out on TWTR

too predictable.

Thu, 11/07/2013 - 12:07 | 4131109 SheepDog-One
SheepDog-One's picture

Must....Dump....EVERYTHING....to buy....Twatter.

Thu, 11/07/2013 - 11:34 | 4130948 cassotto
cassotto's picture

Blue skies 
Smiling at me 
Nothing but blue skies 
Do I see 

Thu, 11/07/2013 - 11:34 | 4130950 1835jackson
1835jackson's picture

Whether you are ultra bullish or ultra bearish both positions are incorrect. Long term I am bearish due to the unsustainability of the current system. But right now I will take my crappy fiat currency so I can feed my family. In the end change will come and I mean actual change. I look forward to being part of that change crowd as the world needs it badly. 

Thu, 11/07/2013 - 11:48 | 4130993 ziggy59
ziggy59's picture

Social Network IPO and NASD Crash.. history repeats itself...

Thu, 11/07/2013 - 11:50 | 4131000 cassotto
cassotto's picture

day is not over yet, there will be a ramp up, there has to be one

Thu, 11/07/2013 - 11:54 | 4131022 Pareto
Pareto's picture

$TRIN was way up before any of this happened.  The daq had already shed 14 pts right at the open, even the industrials were up 40 or so and the SnP 4 or 5.  The "sell" was already on.  The daq breaking again is another distraction - a chance for the algos to reset and for the HFTs to ramp this mother fucker back to VWAP around 3 bells eastern.

Thu, 11/07/2013 - 12:14 | 4131151 Non Passaran
Non Passaran's picture

I don't think we'll have to wait that long, I think about now (11am) the Fed will start "assisting" 

Thu, 11/07/2013 - 11:56 | 4131034 squid427
squid427's picture

safety harbor is my home town. that is an affluent area, why would they do the exercise there and in the ghetto of st pete?

 

Thu, 11/07/2013 - 11:57 | 4131037 squid427
squid427's picture

correction

and not in the ghetto of st pete

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