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And The Market Breaks

Tyler Durden's picture





 

Update: looks like the selling has stopped for now. NASDAQ OPTIONS MKT REOPENED FOR TRADING, SPOKESMAN SAYS

If one has no access to a market pricing service, perhaps the simplest and easiest way of testing if the market is down, is to check the NASDAQ market system status page. Usually, on down days, the NASDAQ just, well, breaks. As it did moments ago when it announced that trading in options with a symbol range A through M has been halted.

 


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Fri, 01/10/2014 - 12:51 | Link to Comment RacerX
RacerX's picture

NASADAQ? Umm, Houston we have a major malfunction.

Fri, 01/10/2014 - 13:01 | Link to Comment Hippocratic Oaf
Hippocratic Oaf's picture

I thought we all decided there is no market.

 

Fri, 01/10/2014 - 13:05 | Link to Comment NotApplicable
NotApplicable's picture

Saved again!

Fri, 01/10/2014 - 13:08 | Link to Comment walküre
walküre's picture

everything is on sale! Vix on sale during selloff! LOL

Protection? I don't think you've got no stinkin' protection

Leaky condom is better than VIX.

Fri, 01/10/2014 - 13:41 | Link to Comment Deathrips
Deathrips's picture

10 year looks real too... Fighting the tide with a sword only works for so long.

Market price controls..guess how this one ends?

 

RIPS

Fri, 01/10/2014 - 13:18 | Link to Comment thunderchief
thunderchief's picture

Sooner or later this whole pile of nothing is going to vaporize.
The USA has not had a real economy since the late 1990's.

Fri, 01/10/2014 - 13:56 | Link to Comment Accounting101
Accounting101's picture

No. The US has not had a real economy since the early 1970's.

Fri, 01/10/2014 - 14:49 | Link to Comment 25or6to4
25or6to4's picture

Can't speak to the 70s however, I've been running businesses since early 1980s and IMHO the real economy died in 2000-2001. Since then it's been an insiders game.

Fri, 01/10/2014 - 14:09 | Link to Comment mickeyman
mickeyman's picture

Someone should remind 'NADSAQ, chaos year was last year.

Fri, 01/10/2014 - 14:29 | Link to Comment SAT 800
SAT 800's picture

Speaking of malfunctions; Silver closes out the week as a BIG Winnah ! Far out chart today; BIIGG up day.

Fri, 01/10/2014 - 12:51 | Link to Comment VD
VD's picture

BLACK FRIDAY!

Fri, 01/10/2014 - 12:55 | Link to Comment Billy Sol Estes
Billy Sol Estes's picture

Watchout for the Grey Men

Fri, 01/10/2014 - 12:59 | Link to Comment VD
VD's picture

they r inside all my devices...

 

(Q: how do u prevent black friday selloff? A: break systemz.)

Fri, 01/10/2014 - 22:31 | Link to Comment StychoKiller
StychoKiller's picture

"As they dive from the 13th floor..."

Fri, 01/10/2014 - 12:53 | Link to Comment blindman
blindman's picture

bullish!

Fri, 01/10/2014 - 12:53 | Link to Comment texas sandman
texas sandman's picture

And in other breaking news....the sun rose in the east this morning...

Fri, 01/10/2014 - 12:53 | Link to Comment disabledvet
disabledvet's picture

can the Nasdaq be delisted?

Fri, 01/10/2014 - 12:56 | Link to Comment maskone909
maskone909's picture

NASDAQ.PK FTMFW!!!

Fri, 01/10/2014 - 12:56 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Selling will be made illegal in all public "markets" one way or another.

hedge accordingly.

Fri, 01/10/2014 - 12:57 | Link to Comment buzzsaw99
buzzsaw99's picture

fucking waddell and reed those bastards

Fri, 01/10/2014 - 13:58 | Link to Comment DavidC
DavidC's picture

That made me smile!

DavidC

Fri, 01/10/2014 - 12:56 | Link to Comment Dr. Engali
Dr. Engali's picture

The red stuff is confusing it.

Fri, 01/10/2014 - 12:58 | Link to Comment mtthw2
mtthw2's picture

No problems--plung protection team will be up and running soon... PR team is already hard at work.

 

All is good.

Fri, 01/10/2014 - 12:58 | Link to Comment starman
starman's picture

Just in from CNBC employes can't find employers and vice versa!?
Need a workers / employe dating service lol!
Thus the low measly 74k jobs added in December,

Fri, 01/10/2014 - 13:08 | Link to Comment i_call_you_my_base
i_call_you_my_base's picture

Sounds like a government-sponsored website could fix that. Obamamonster.com?

Fri, 01/10/2014 - 13:26 | Link to Comment BandGap
BandGap's picture

Sort of flies in the face of all those stories of thousands of people applying for 100s of jobs, don't it?

Fri, 01/10/2014 - 12:58 | Link to Comment mtomato2
mtomato2's picture

I'm not trying to jack this post, and actually, this isn't all that ot...  Can anyone help me understand the significance of the DOW being traded at an average daily volume of 90,000,000 when only four years ago it was trading with a volume at just over 2 billion? 

 

I know this is significant...  but I'm not exactly sure why...

 

Help?

Fri, 01/10/2014 - 13:02 | Link to Comment insanelysane
insanelysane's picture

The 2 billion is when there was a market and people participated.  Maybe ZH could do a market participation rate?  I think the 90 million is much lower because much of it is the big "market makers" trading back and forth to make it look like there is an active market.

Fri, 01/10/2014 - 13:05 | Link to Comment maskone909
maskone909's picture

ever notice when shares trade at 50.0001 ?  or lots of 100 shares hundreds of times per second?  look to algo trading to answer your question.

edit

absent of the algo trades there wouldnt be ANY vol

Fri, 01/10/2014 - 13:04 | Link to Comment NotApplicable
NotApplicable's picture

Anybody with any sense has left the rigged casino. The only participants now are those working OPM, and the algobots who try and game the system.

Also, the lower the volume, the easier it becomes for those in the know to manipulate price.

Fri, 01/10/2014 - 13:29 | Link to Comment BandGap
BandGap's picture

From a personal perspective I started to get out of the market 4-5 years ago. My holdings in stocks and bonds is roughly 0.03% of what it was four years ago. As to why, part of it was divorce, part was realizing I'm never going to retire anyway. I moved to other investments. Again, all from my perspective.

All you need is a good woman and a strong heart.

Fri, 01/10/2014 - 14:22 | Link to Comment slightlyskeptical
slightlyskeptical's picture

Easy to say after you have missed the rally of a lifetime.

Does the NSA read everything we write here before it is ever posted? Wondering why every time I post the computer slows way down.

Fri, 01/10/2014 - 14:59 | Link to Comment Michelle
Michelle's picture

Not the NSA, it's ZH. I always have to stop services after posting here otherwise it will suck the life out of my laptop and the battery.

The markets haven't worked, especially since the NYSE Retail Liquidity Program was put into place Aug. 1, 2012, the same day Knight Capital went broke. Me thinks this was a ruse to sniff out their "rogue" algos.

Fri, 01/10/2014 - 15:04 | Link to Comment Zigs
Zigs's picture

Ten people incorporate and issue a share to each valued at $1,000.  The market value of the corporation is $10,000.  The next day ONE of them sells his share for $2,000.  The market value of the corporation is now $20,000.  In reality, true or false?

Understand some simple principles about valuation, volume and demand and you'll understand how the system is fairly easily leveraged by relatively low volumes and few players with "unlimited" resources (FED?).  A strong market requires many participants buying in at many prices .

As it is, hell will be paid when the rest of the shareholders expect they'll receive the higher values upon selling.  This will play out big time as more and more retirees leave the market and need their "investments" to live on.

Fri, 01/10/2014 - 12:59 | Link to Comment ...out of space
...out of space's picture

i think we will get 1666 on SnP in cuple of weeks

 

Fri, 01/10/2014 - 13:20 | Link to Comment knowshitsurelock
knowshitsurelock's picture

That makes sense.  Bottom at 666 and top at 1666.  You know how they like their symbolic rituals.

Fri, 01/10/2014 - 13:06 | Link to Comment youngman
youngman's picture

Probably those Target Credit card guys.....just computer hackers doing their thing

Fri, 01/10/2014 - 14:48 | Link to Comment Bunga Bunga
Bunga Bunga's picture

This is BIG Target just admitted 70 million CCs got hacked, almost double the number previously admitted.

http://money.cnn.com/2014/01/10/news/companies/target-hacking/

70 million CCs, that is a significant share of all credit cards!

And I have a message to all hackers: Try to hack my private key!

 

 

Fri, 01/10/2014 - 13:07 | Link to Comment JuliaS
JuliaS's picture

Nasdaq and cover!

Fri, 01/10/2014 - 13:13 | Link to Comment BuddyEffed
BuddyEffed's picture

Someone could have put some cones up restricting 99% of the bandwidth on their T1 line.   

Did Christie Staffer Bridget Anne Kelly already revolving door into a new job at Nasdaq?

Fri, 01/10/2014 - 13:10 | Link to Comment Sabibaby
Sabibaby's picture

Tylers, how can you break something that's already broken?

Fri, 01/10/2014 - 13:12 | Link to Comment rsnoble
rsnoble's picture

Disaster. Oh well.  The implosion should be grand.

Fri, 01/10/2014 - 15:22 | Link to Comment HardlyZero
HardlyZero's picture

2014: every Friday everyone sells ?   It could be a trend to protect your gains before 2/7 of the week arrives with new news for Mondays.

QID

MZZ

Just sayin'

Fri, 01/10/2014 - 13:14 | Link to Comment HamRove
HamRove's picture

The sacrasm in this group is off the charts

Seriously though WTH is going on? Someone break it down for me.

Por favor

Fri, 01/10/2014 - 13:18 | Link to Comment fijisailor
fijisailor's picture

Too much market downside pressure.  Close it so it can't sell off.  Only up markets allowed.

Fri, 01/10/2014 - 13:24 | Link to Comment HamRove
HamRove's picture

danada amigo....

Fri, 01/10/2014 - 15:30 | Link to Comment HardlyZero
HardlyZero's picture

Viernes es una debajo dia.

Todos el mundo ...my poor Spanish...everyone SELLS FRIDAY  !! ... to safe their wealth over the weekend.

 

Maybe there should be a new online cartoon....here me... STFF.

 

Can't have any crashes on Friday.

Fri, 01/10/2014 - 13:25 | Link to Comment slightlyskeptical
slightlyskeptical's picture

Seems option traders are having a harder and harder time closing their Friday expirations. I have stategies to put to work but how the hell can you do anything when there is a good chance you will be locked from trading at some critical point. It is probably internal breakers put in place to keep the market propped. I mean really, how can this keep happening over and over every Friday? Keep it up and there will be no market.

Fri, 01/10/2014 - 13:40 | Link to Comment Winston of Oceania
Winston of Oceania's picture

psssst... There IS no market only manipulation.

Fri, 01/10/2014 - 14:10 | Link to Comment Sufiy
Sufiy's picture

Watch Silver now afer Gold breach $1250

 


Adam Hamilton: Silver Short Squeeze

 Adam Hamilton presents his outlook on the recent situation in Silver market. Gold and Silver have very strong start in 2014 recovering from the testing of Double Bottom in 2013 on the new money allocated to the sector. If next week this dynamic will continue we can have the very explosive situation as it happen in summer 2013 with Silver skyrocketing towards 25 mark. Junior miners should participate in this fireworks again like it happen with McEwen Mining and TNR Gold before, which we are following here. The chart above from KWN demonstrates that Silver is now extremely oversold.

 

http://sufiy.blogspot.co.uk/2014/01/adam-hamilton-silver-short-squeeze-s...

Fri, 01/10/2014 - 15:28 | Link to Comment HardlyZero
HardlyZero's picture

In that Silver and Gold...like SLW and FNV.

Fri, 01/10/2014 - 14:26 | Link to Comment SAT 800
SAT 800's picture

Now, now, nobody is perfect. I'm sure they just had a little electrical problem and everything will be fine, now.

Fri, 01/10/2014 - 14:45 | Link to Comment IridiumRebel
IridiumRebel's picture

Awoke and placed my QQQ sell order. Seems others did too.

Fri, 01/10/2014 - 16:59 | Link to Comment ihatebarkingdogs
ihatebarkingdogs's picture

Ten people incorporate and issue a share to each valued at $1,000.  The market value of the corporation is $10,000.  The next day ONE of them sells his share for $2,000.  The market value of the corporation is now $20,000.  In reality, true or false?

Thank You for this simple example. I've  haven't understood  the role volume plays in price manipulation. Taking your scenario further, the same 10 people keep exchanging their shares among themselves until they have a share price of 100,000 and market cap of 1M.  OK, fine. To exchange this valuation into something you can touch, feel, eat, etc requires that you find a greater fool that believes he really has value by exchanging whatever he does of value for that 100,000 share. It's all marketing, PR, and pump and dump. The scam is to run-up the price, then find that greater fool.  And just like that, I "get it'.

Thanks again.

 

Fri, 01/10/2014 - 18:21 | Link to Comment DIgnified
DIgnified's picture

Ok.  What in the category "A-M" was having issue yesterday/today?  Lets go from there. 

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