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And The Market Breaks Again...

Tyler Durden's picture




 

OTC Markets says FINRA has halted all trading in OTC Equity securities...

 

 

FINRA STATEMENT:

"FINRA has imposed a quoting and trading halt in all OTC equity securities as of 11:05:06 a.m. ET due to a lack of current quotation information currently available in the marketplace for OTC equity securities.

 

FINRA will notify the market when quoting and trading in all OTC equity securities may resume."

For the second day in a row, retail is unable to sell...due to broken markets...

 

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Fri, 10/17/2014 - 11:48 | 5347004 TeamDepends
TeamDepends's picture

Thought it only broke on the way down?

Fri, 10/17/2014 - 11:50 | 5347012 ShrNfr
ShrNfr's picture

Give me a break, huh?

Fri, 10/17/2014 - 11:54 | 5347048 SHEEPFUKKER
SHEEPFUKKER's picture

It's like a doctor breaking your nose to reset your broken nose. 

Fri, 10/17/2014 - 11:49 | 5347014 angel_of_joy
angel_of_joy's picture

Too much of a good thing, this time ?

Fri, 10/17/2014 - 11:50 | 5347025 slaughterer
slaughterer's picture

Another market break: BVULLISH!

Fri, 10/17/2014 - 11:53 | 5347039 stinkhammer
stinkhammer's picture

you're entering a world of pain!  Mark it 0

Fri, 10/17/2014 - 12:38 | 5347282 Urban Redneck
Urban Redneck's picture

Seats in Exit Rows are reserved for adult banksters (with large wallets) Please contact your Malaysia Air flight attendant for relocation to another seat.

Advanced Seat Assignments

Emergency exit row seating may be reserved in advance, based on availability, by the following passengers, provided they meet SEC qualifications:

Elite Level Mileage Plan™ members
Customers placing Refundable Coach Orders or Refundable Coach Mileage Plan™ Awards

For all other customers who meet the SEC qualifications, exit row seating may be available at the airport on the day of your departure. Check in via the web or kiosk as normal. Then consult exit row availability with any SEC/Finra/FRBNY Agent at your departure airport.

SEC Required Emergency Exit Row Qualifications

When you are seated in an exit row, you may be called upon to open the exit and exiting the aircraft if a Regulator is unavailable to do so.

Because of this, and for the benefit of all passengers, Federal Law requires that passengers seated in the exit row MAY NOT fall into any of the following categories

You lack sufficient speed, strength or dexterity in both wallet and co-located server power to:
reach the emergency exit and exit slide operating mechanisms;
grasp and push, pull, turn, or otherwise manipulate those mechanisms;
push, shove, pull, or otherwise open emergency exits;
lift out, hold, deposit on nearby seats, or maneuver over the seatbacks to the next row, objects the size and weight of over-wing exit doors;
remove obstructions similar to size and weight of over-wing exit doors, all while maintaining balance;
exit expeditiously, stabilize the escape slide after deployment, and ignore those also getting off the slide.
You lack the ability to read and understand instructions related to emergency evacuation provided by TBTF Airlines in printed or graphic form or the ability to understand oral Regulator "commands".
You lack sufficient visual capacity to perform one or more of the applicable functions without the assistance of visual aids beyond contact lenses or eyeglasses.
You lack sufficient aural capacity to hear and understand instructions shouted by financial regulators, without assistance beyond a hearing aid.
You lack the ability to adequately impart misleading information orally to other market participants.
You have a nondiscernible condition that might prevent you from performing these functions or a condition that might cause you to suffer bodily harm while performing these functions.
You do not wish to perform these instructions.
You have less less than USD 15 billion dollars of AUM or lack the capacity to perform one or more of the applicable functions without the assistance of an banking supervisor or another banking institution.
You have a responsibility, such as to a customer, unless a second bankster is seated elsewhere with the peon.

Fri, 10/17/2014 - 11:50 | 5347008 max2205
max2205's picture

Penny staaaawks

Fri, 10/17/2014 - 11:51 | 5347037 Dr. Engali
Dr. Engali's picture

"market"....... Lol.

Fri, 10/17/2014 - 11:56 | 5347066 FieldingMellish
FieldingMellish's picture

SPX needs to reach 200dma... just a few more points....

Fri, 10/17/2014 - 11:59 | 5347078 Seasmoke
Seasmoke's picture

Was this the RPT. Rise Protection Team ??

Fri, 10/17/2014 - 12:00 | 5347089 walküre
walküre's picture

PPT bought gold miners across the board to sustain the rumors of QE4 earlier this week. Now that they found a bunch of idiots covering their shorts, PPT is dumping gold miners to bring back the deflation scare. Best to stay out of this market. I was tempted to get back in. NO, THANKS!

All of it is manipulated. OTC pump and dumps are at least blatantly obvious. That's for the really dumb money. The more sophisticated dumb money is being raped in the big indexes.

Fri, 10/17/2014 - 12:07 | 5347115 SheepDog-One
SheepDog-One's picture

Wow it's really THIS desperate for the manipulators? Gee, even worse than I had thought!

Fri, 10/17/2014 - 12:12 | 5347142 buzzsaw99
buzzsaw99's picture

pathetic excuse for a market. the move in bond prices is insignificant

you think that could fool a corleone? [/michael corleone]

Fri, 10/17/2014 - 12:18 | 5347176 ekm1
ekm1's picture

There is absolutely no difference between Financial System and Sonny Playstation Network

 

Both centrally controlled

 

And that is why world is walking away from the system

Fri, 10/17/2014 - 12:52 | 5347350 Barnaby
Barnaby's picture

I thought Sonny's "Playstation" was his giant schlong. Or have I got The Godfather all wrong?

Fri, 10/17/2014 - 12:20 | 5347187 disabledvet
disabledvet's picture

I thought it was called "quote stuffing."

They called a halt to "stop it you're making me laugh!"

Fri, 10/17/2014 - 12:32 | 5347256 KnuckleDragger-X
KnuckleDragger-X's picture

I've gotten a few good deals on the OTC over the years but I researched the hell out of them first, that's apparently against the rules nowadays.

Fri, 10/17/2014 - 12:41 | 5347290 RaceToTheBottom
RaceToTheBottom's picture

All this smell, there has to be a dead body around here somewhere.

Fri, 10/17/2014 - 12:49 | 5347343 Save_America1st
Save_America1st's picture

Keep Calm and Stack On...

(psssst....silver phyzz is still on sale, bitchez...)  ;-)

Fri, 10/17/2014 - 12:52 | 5347362 Barnaby
Barnaby's picture

Unless I'm missing something, Ag is an OTC market too, subject to the same issues and frauds. Caveat stackor.

Fri, 10/17/2014 - 13:13 | 5347499 agstacks
agstacks's picture

he said phyzz

Fri, 10/17/2014 - 13:18 | 5347528 Barnaby
Barnaby's picture

That's why I said Ag. People need to know their shit when they buy a roll of shiny, or 50 shares of rolled Charmin via AmeriTrade.

Fri, 10/17/2014 - 12:54 | 5347375 Barnaby
Barnaby's picture

Retail is deadlocked because every deskchair pitboss is out at Costco buying his Bug Out Bag and shitloads of water.

Fri, 10/17/2014 - 13:13 | 5347496 agstacks
agstacks's picture

Selling is not allowed. 

Fri, 10/17/2014 - 14:07 | 5347869 The Duke of New...
The Duke of New York A No.1's picture

There's nothing quite like boosting the public's confidence in the exchanges!.

Fri, 10/17/2014 - 14:56 | 5348175 Paracelsus
Paracelsus's picture

Um,Over the counter? Like over the counter derivatives? (I know,they said"equities").

Um,didn't someone here say Deutsche bank has big derivative exposure?

Aren't Greek bonds tanking and didn't DB have large GGB exposure?

Aren't the US and Saudis trying to bury Putin by lowering the oil price?

Didn't Putin threaten to squeeze Europe if this oil price war gathers steam?

Aren't we pushing Putin into the arms of those pesky Iranians?

Are we looking at another Greek default and ECB bailout?

Am I the only one here who is happy the Ukrainians have no nukes?

Enquiring minds wanna know..... 

Fri, 10/17/2014 - 14:55 | 5348182 flow5
flow5's picture

Short squeeze.

Fri, 10/17/2014 - 15:14 | 5348275 Paracelsus
Paracelsus's picture

 When they tried to get the JP Morgan OTC crowd to accept regulation (or the Hedge funds,such as LTCM),they told the SEC regulators to get stuffed.

WE WANT TO REGULATE OURSELVES.hee hee... AND IF THERE WAS A CENTRAL REGISTRY,THEN ANYONE COULD TELL WHICH BANKS HAVE TOXIC TIMEBOMBS TICKING AWAY (INSOLVENCY).

Ergo,to be transparent would erode confidence in the financial markets.Therefore we will be opaque and wait till things explode,AND THEN INSIST ON A BAILOUT,BWAAA!

Also,the neat thing about derivatives is there is no down payment or large investment.

EVEN IN VEGAS YOU HAVE TO ANTE UP TO STAY IN THE GAME.

The markets breaking says to me that they want some margin money from these guys,which ain't happening...

People should ask what difference there is between these derivatives and the Lloyd's insurance "Names"?

They thought they were getting money for nothing.When the SHTF they couldn't get out of the contract.

The entire syndicate system was very secretive.... 

Fri, 10/17/2014 - 23:25 | 5349671 theyjustcantstop
theyjustcantstop's picture

battling hft's, one long, one short.

 

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