...And The Market Breaks (Again)

Tyler Durden's picture




Via BATS Options Status


Which might help explain this...

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Tue, 08/26/2014 - 11:15 | 5144919 Squid-puppets a...
Squid-puppets a-go-go's picture

This article has a false presumption: when it ceases to operate, thats when its fixed. Broken is when it is accepting 'trades'

Tue, 08/26/2014 - 11:30 | 5144982 Divided States ...
Divided States of America's picture

If the markets BREAK when its solidly in the GREEN...then what happens when its DEEP BLOOD RED?

Tue, 08/26/2014 - 11:44 | 5145041 DaddyO
DaddyO's picture

The PTB apply a tourniquet to stop the hemmorhaging. They can't afford to bleed out without some other impetus such as WOAR.


Tue, 08/26/2014 - 14:42 | 5145994 MalteseFalcon
MalteseFalcon's picture

Can we stop calling this thing a 'market'?

Tue, 08/26/2014 - 11:57 | 5145120 Alhazred
Alhazred's picture

When it is solid red it is correct.


Speaking of colors the markets that matter never seem to break in such a horrid way.


Maybe i should pull a burger king and invest in a canadian monster box. 

Tue, 08/26/2014 - 12:59 | 5145522 DblAjent
DblAjent's picture

I just read that yesterday reflected the lowest non-holiday volume on record since 2006. That can only mean the institutions are out, leaving only the retailers for the remaining terminal velocity. We've been getting screwed for soooo long, where's the orgasm already?

Tue, 08/26/2014 - 11:16 | 5144921 waterwitch
waterwitch's picture

Must be carrying ebola.

Tue, 08/26/2014 - 11:41 | 5145028 Dr Strangemember
Dr Strangemember's picture

It's clear they have run out of duct tape.  

Tue, 08/26/2014 - 11:19 | 5144927 Keltner Channel Surf
Keltner Channel Surf's picture

What's all this about "self-help"?  

Is that where exchange officials do deep breathing exercises and imagine they'd gone into a more respectable field, such as shoe repair?

Tue, 08/26/2014 - 11:21 | 5144940 IANAE
IANAE's picture

LOL ...must be in their Disaster Recovery playbook including the script.



Tue, 08/26/2014 - 11:27 | 5144968 Keltner Channel Surf
Keltner Channel Surf's picture

"that's it . . .learn to trust your colleagues . . . let yourself fall back, they'll be sure to catch you . .  ."

Tue, 08/26/2014 - 11:31 | 5144992 Divided States ...
Divided States of America's picture

Its like when youre horny but theres no girl around and u need it so bad....aka SELF HELP

Tue, 08/26/2014 - 11:45 | 5145045 ebworthen
ebworthen's picture

Yeah, when do we get "self-help" from the crooks in Washington and Wall Street?  Judgement Day?

Tue, 08/26/2014 - 12:34 | 5145366 ParkAveFlasher
ParkAveFlasher's picture

Don't denigrate shoe repairmen.  You'll never get your shoe claim ticket securitized, fractionalized, rehypothecated, reallocated, and repriced, and settled in some sort of payment in lieu of actual repaired shoes.

Tue, 08/26/2014 - 11:19 | 5144928 jubber
jubber's picture

hardly broken as everything is hitting record highs...sigh

Tue, 08/26/2014 - 11:20 | 5144931 Mohan
Mohan's picture

Is the market that illiquid? 

Tue, 08/26/2014 - 11:27 | 5144959 spastic_colon
spastic_colon's picture

yes thanks to the buyback bonanza

Tue, 08/26/2014 - 11:21 | 5144932 Mohan
Mohan's picture

My be too many algos have been programmed to dump when S&P crosses 2000.

Tue, 08/26/2014 - 11:21 | 5144937 techstrategy
techstrategy's picture

I've tried to make clear MANY times that option manipulation has broken the market.  Valuations are completely disconnected from fundamentals because of float and option manipulation.  The systematic scalping of premium necessarily relies upon imbalance and creates a self reinforcing protection racket.  There is a reason the VIX is so low.  Those truly controlling the game know the imbalance they have created (selling calls and pumping them into the money, selling puts in gold and beating is down).  They've used options for misdirection, but now the imbalance is too great to sustain.

Tue, 08/26/2014 - 11:33 | 5145002 moriarty
moriarty's picture

Be nice to think you are right and I am sure you are, but I am fast giving up hope for a true market.

Tue, 08/26/2014 - 11:46 | 5145043 hedgeless_horseman
hedgeless_horseman's picture



...but now the imbalance is too great to sustain.

They can sustain the imbalance longer than you can remain solvent, because "they" are banks that 1) can create money out of thin air, and 2) get bailed out if when they fail.

Tue, 08/26/2014 - 11:53 | 5145095 techstrategy
techstrategy's picture

Not true.   If people sell all float scams (high multiple,  thinly traded momentum stocks) and use the proceeds to raise physical cash (outside of banks) and buy physical gold,  there will eventually be a gold default (in which all financial assets will come unhinged because they are completely dependent upon trust) or gold will reprice with respect to financial assets and bring exchange rates and the real economy back into balance. 

Tue, 08/26/2014 - 12:13 | 5145229 hedgeless_horseman
hedgeless_horseman's picture



there will eventually be a gold default

The problem is the costs of waiting until eventually.

Tue, 08/26/2014 - 13:19 | 5145570 IANAE
IANAE's picture

let me get this straight...so you're saying short the momo's and buy phyzz gold?


edit to add: did CYNK qualify as a momo stock float scam?

Tue, 08/26/2014 - 11:21 | 5144938 docmac324
docmac324's picture

No down arrows are allowed.

Tue, 08/26/2014 - 11:34 | 5145006 disabledvet
disabledvet's picture

Or down days...

Tue, 08/26/2014 - 17:18 | 5146651 WOAR
WOAR's picture

The beatings will continue until the computer works.

Tue, 08/26/2014 - 11:23 | 5144943 Kaiser Sousa
Kaiser Sousa's picture

there r no markets...
just fraud and manipulation...
seriously, Silver still below $20 per oz???
fucking hilarious...
should have put all my shit into a CD or MMF...

not...still stackin.

Tue, 08/26/2014 - 11:23 | 5144946 Atomizer
Atomizer's picture

Blackbox routing is having a union strike with agroithm on pecking order of information flow.


Tue, 08/26/2014 - 11:26 | 5144956 hoist the bs flag
Tue, 08/26/2014 - 11:46 | 5145051 Youri Carma
Youri Carma's picture

CME Error Halted Trading of Major Futures Contracts, 25 August 2014, (Bloomberg)

A technical error at CME Group Inc. (CME) prompted a four-hour trading halt at the world’s largest futures market, preventing buying and selling of contracts tied to major stock indexes, Treasuries, oil and gold.

Tue, 08/26/2014 - 11:47 | 5145060 Latitude25
Latitude25's picture

Broken means the banksters have lost control.  Expect more of this

Tue, 08/26/2014 - 11:48 | 5145066 p00k1e
p00k1e's picture

The Terrorists hate us for our free markets.

Tue, 08/26/2014 - 11:50 | 5145073 DOT
DOT's picture

Warlord in the third. Guido sez "da fix is in"

Tue, 08/26/2014 - 13:06 | 5145561 seek
seek's picture

It's nice that when these market breaks occur, they always happen in an organized, alphabetical fashion. Random transactions and breakage are so old-school.

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