• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

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 | 4319791 RacerX
RacerX's picture

NASADAQ? Umm, Houston we have a major malfunction.

Fri, 01/10/2014 - 13:01 | 4319841 Hippocratic Oaf
Hippocratic Oaf's picture

I thought we all decided there is no market.


Fri, 01/10/2014 - 13:05 | 4319863 NotApplicable
NotApplicable's picture

Saved again!

Fri, 01/10/2014 - 13:08 | 4319881 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 | 4320064 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?



Fri, 01/10/2014 - 13:18 | 4319938 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 | 4320137 Accounting101
Accounting101's picture

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

Fri, 01/10/2014 - 14:49 | 4320351 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 | 4320218 mickeyman
mickeyman's picture

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

Fri, 01/10/2014 - 14:29 | 4320315 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 | 4319793 VD
VD's picture


Fri, 01/10/2014 - 12:55 | 4319809 Billy Sol Estes
Billy Sol Estes's picture

Watchout for the Grey Men

Fri, 01/10/2014 - 12:59 | 4319831 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 | 4321685 StychoKiller
StychoKiller's picture

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

Fri, 01/10/2014 - 12:53 | 4319799 blindman
blindman's picture


Fri, 01/10/2014 - 12:53 | 4319800 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 | 4319801 disabledvet
disabledvet's picture

can the Nasdaq be delisted?

Fri, 01/10/2014 - 12:56 | 4319811 maskone909
maskone909's picture


Fri, 01/10/2014 - 12:56 | 4319810 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 | 4319815 buzzsaw99
buzzsaw99's picture

fucking waddell and reed those bastards

Fri, 01/10/2014 - 13:58 | 4320153 DavidC
DavidC's picture

That made me smile!


Fri, 01/10/2014 - 12:56 | 4319816 Dr. Engali
Dr. Engali's picture

The red stuff is confusing it.

Fri, 01/10/2014 - 12:58 | 4319825 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 | 4319828 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 | 4319878 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 | 4319982 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 | 4319829 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...



Fri, 01/10/2014 - 13:02 | 4319850 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 | 4319860 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.


absent of the algo trades there wouldnt be ANY vol

Fri, 01/10/2014 - 13:04 | 4319861 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 | 4320003 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 | 4320279 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 | 4320455 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 | 4320467 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 | 4319833 ...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 | 4319947 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 | 4319870 youngman
youngman's picture

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

Fri, 01/10/2014 - 14:48 | 4319898 Bunga Bunga
Bunga Bunga's picture

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


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 - 22:38 | 4321702 StychoKiller
Fri, 01/10/2014 - 13:07 | 4319877 JuliaS
JuliaS's picture

Nasdaq and cover!

Fri, 01/10/2014 - 13:13 | 4319880 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 | 4319895 Sabibaby
Sabibaby's picture

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

Fri, 01/10/2014 - 13:12 | 4319903 rsnoble
rsnoble's picture

Disaster. Oh well.  The implosion should be grand.

Fri, 01/10/2014 - 15:22 | 4320534 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.



Just sayin'

Fri, 01/10/2014 - 13:14 | 4319910 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 | 4319937 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 | 4319969 HamRove
HamRove's picture

danada amigo....

Fri, 01/10/2014 - 15:30 | 4320549 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 | 4319974 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 | 4320059 Winston of Oceania
Winston of Oceania's picture

psssst... There IS no market only manipulation.

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