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And The NASDAQ Breaks...

Tyler Durden's picture




 

AAPL stock began to tumble quickly but was saved miraculously... as that buying ramp began, the Bloomberg data feed exploded with SEC Short Sale Rule 201 headlines and has been puking them since 1429ET...

 

the NASDAQ has just admitted it has a problem...

 

his is what The Bloomberg Headlines Feed has looked like for the last 17 minutes...

 

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Mon, 06/02/2014 - 14:54 | 4817602 Dr. Engali
Dr. Engali's picture

The short selling of stocks is un-American and will be outlawed in order to preserve the "free market" economy.

 

"I've abandoned free market principles to save the free market system."

 

G.W. Bush

Mon, 06/02/2014 - 14:59 | 4817620 RacerX
RacerX's picture

I think they should only allow short-selling on stocks that are going up.

/sarc

Mon, 06/02/2014 - 15:03 | 4817634 insanelysane
insanelysane's picture

I think selling stock has been outlawed in the US.  

Buy the dips, buy the highs, always buy on days that end in Y.

Mon, 06/02/2014 - 15:13 | 4817658 NoDebt
NoDebt's picture

What are you guys worried about?  Tomorrow's TUESDAY!  Pump-me POMO day.

Chill out, they got this.

Mon, 06/02/2014 - 15:24 | 4817688 Sudden Debt
Sudden Debt's picture

OH YEAH?!?!?
EXPLAIN SLV TO ME THAN!

Mon, 06/02/2014 - 15:40 | 4817736 cro_maat
cro_maat's picture

That's an easy one. SLV how the bullion banks finance their infinitely rehypothicated inventory via the retail market. Read the prospectus.

Mon, 06/02/2014 - 15:19 | 4817676 Hulk
Hulk's picture

Used to be called the "uptick rule" Gone along with glass-seagull...

Mon, 06/02/2014 - 15:21 | 4817679 NoDebt
NoDebt's picture

About the same time they got a law passed exempting all private party (read: bank) derivatives transactions from ANY regulation or oversight EVER.  Signed by one Mr. Bill Clinton on his way out the door.

Mon, 06/02/2014 - 15:11 | 4817654 Relentless101
Relentless101's picture

Not even a market, let alone a free market. Buyers and sellers coming together is difficult when sellers aren't aloud. How could there possible be a true market price in this system?

Mon, 06/02/2014 - 14:53 | 4817604 Eyeroller
Eyeroller's picture

They're gonna need WD40 to keep the guilliotines functioning efficiently before too long...

Mon, 06/02/2014 - 15:11 | 4817653 firstdivision
firstdivision's picture

lithium grease

Mon, 06/02/2014 - 15:55 | 4817788 debtor of last ...
debtor of last resort's picture

What's wrong with a rusty blade?

Mon, 06/02/2014 - 16:05 | 4817823 Zirpedge
Zirpedge's picture

Cruel and unusual, what about the rule o flaw? DupeRoCess?

Mon, 06/02/2014 - 14:56 | 4817608 Mercury
Mercury's picture

Can't a brother get a locate?

Stay tuned for laundry list of institutional "do-overs".

Mon, 06/02/2014 - 14:54 | 4817609 PlusTic
PlusTic's picture

more evidence of this place becoming a fukkin banana republic...

Mon, 06/02/2014 - 14:58 | 4817617 AccreditedEYE
AccreditedEYE's picture

Amazing how these issues always seems to resolve themselves to the upside..

Mon, 06/02/2014 - 15:02 | 4817631 John Law Lives
John Law Lives's picture

Amazing how blatant manipulation on a regular basis is acceptable... so long as markets move to the upside.

Mon, 06/02/2014 - 15:01 | 4817625 pods
pods's picture

Ahhh, the investing Mulligan.

pods

Mon, 06/02/2014 - 15:01 | 4817627 buzzsaw99
buzzsaw99's picture

The Nazcrack is SMOKIN'!

Mon, 06/02/2014 - 15:02 | 4817628 Sardonicus
Sardonicus's picture

Chart says it's snowing somewhere

Mon, 06/02/2014 - 15:03 | 4817635 valley chick
valley chick's picture

How much blatant manipulation before confidence is lost ....oh wait...Fed has our back.....move along..

Mon, 06/02/2014 - 15:04 | 4817638 insanelysane
insanelysane's picture

I wish pro golfers would stop manipulating the markets.  They are all richers.

Mon, 06/02/2014 - 15:05 | 4817642 vyeung
vyeung's picture

Maybe APPL need to use its latest "HealthKit"on itself.

Mon, 06/02/2014 - 15:16 | 4817667 ebworthen
ebworthen's picture

Apple is languishing without Steve Jobs.

Mon, 06/02/2014 - 15:49 | 4817765 JuliaS
JuliaS's picture

It's actually following in his footsteps.

Mon, 06/02/2014 - 15:08 | 4817648 Dr. Venkman
Dr. Venkman's picture

This makes perfect sense -- saavy investors sold off their entire holdings in small/micro-caps in order to BTFD in Apple. There is a conference of some sort going on, you know.

Mon, 06/02/2014 - 15:17 | 4817652 ptoemmes
ptoemmes's picture

We admit we are powerless over manipulation... that our exchange had become unmanageable.

Note: With all due respect and apologies to AA/NA and the like who have helped countless including some that I have known.

Mon, 06/02/2014 - 15:15 | 4817659 ebworthen
ebworthen's picture

Stocks start selling = rules go into effect and turn it off.

Stocks are being bought = no rules in effect.

M.C. Escher markets where all stairs go up but not down.

Mon, 06/02/2014 - 15:18 | 4817673 orangegeek
orangegeek's picture

it's bwoken, it's bwoken

 

fawk, it's bwoken

Mon, 06/02/2014 - 15:23 | 4817681 Sudden Debt
Sudden Debt's picture

YOU ARE ONLY ALLOWED TO SHORT IF YOU ARE 100% SURE TO LOSE!

Mon, 06/02/2014 - 16:00 | 4817807 Waterfallsparkles
Waterfallsparkles's picture

Aapl was not even down 1%.  I guess they had to give all of the long traders time to get out of their shares at the high.  Carl Ican probably called the Nasdaq and said I cannot lose money on this trade.  Help me out here.

Mon, 06/02/2014 - 17:05 | 4818034 BoingBoing
BoingBoing's picture

Ooh...convenient, huh.

Mon, 06/02/2014 - 22:35 | 4818932 Herdee
Herdee's picture

Naked Short Selling: The unlimited ability to electronically counterfeit a security.Remember that counterfeiting paper money is illegal but it is easily done in the stock market by market making operations owned by banksters.Just punch in DeepCapture.

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