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It Took A While, But The Market Finally Broke
Just before noon, we hinted to the custodians of the "market" that the best way to stop today's bloodbathing was simple: break the market.
Time for a "self-help" headline
— zerohedge (@zerohedge) December 15, 2014
It took a while, but they finally listened, and moments ago, Nasdaq Options broke leading to the first self-help headline of the day.
- BATS OPTIONS: BATS OPTIONS HAS DECLARED SELF-HELP VS NASDAQ BX
- BATS OPTIONS HAS DECLARED SELF-HELP OR ACTIVELY INVESTIGATING
- BATS OPTIONS HAS DECLARED SELF-HELP VS NASDAQ BX OPTIONS
Sadly, it may be too little too late to get a green close.
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If S&P is not allowed to go to 300 points, there is no need for wall street, better shut them down.
Hence, S&P at as low as 300 in 2015
Who cares! We are OFF THE LOWS!
HFT overloads markets as per usual.
"If it aint fix don't broke it!"
Self-Help? Is that like Double Secret Probation?
Moar like Johnny-5 verses Johnny-5.
It's a 'null' market.
"broke bitchezz, broke", According to poet Dave Chappelle.
HA HA. That's a bet I would like to make with you....(and lose it !!)
I don't care to look at the moment but aren't there some gaps around the 450 level? It's known all gaps get filled at one time or another, i've seen it happen many times from ridiculous levels to the basement in no time.
Narnia declares self help against Atlantis.
Gotham declares self help against Skynet.
Yellen to the rescue... Wednesday.
their fake data is going to make lower longer a tough sell......
Damned monkeyhammers keep getting caught in the gears.
Can someone explain what this "self-help" term is for us financial newbs?
In simple terms, one exchange doesn't like what's happening and pulls the plug to another exchange. It could be because they're getting overwhelmed with trades, quotes, they think a data feed is broken, or whatever, but they shut down the link temporarily to correct the issue and bypass the problem.
Self-help means "We're not waiting for you to fix your busted-ass hooptie exchange any more until you fix it. In the meatine we're gonna route our orders to different busted-ass hooptie exhanges."
Self-help means "you are on your own, BITCH". At least that's what MHO is.
The world is broke is what the problem is an entire civilization built on bullshit with hardly anyone knowing how to survive on their own.
It means the ' price improvement ' thingy got gummed up in the machine.
the wrong people were about to loose their shirts
All of the above answers sound like clever answers to the old "You're on your own -- and always have been. Except that now 'we freely admit it', like a recovering Alki".
Paging Mr Jim Bullard, please pick up the white courtesy telephone and make a market saving announcement.......
Ransqwak had a little ditty in the pre-market today about derivatives market being broken -- of course, that would have nothing to do with the passage of the Senate laws putting the taxpayer on the hook for derivative losses....
OH MY GOD... the market went BROKE!!! argHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Aw, bats! I'd love to tell all the insitutional dorks throwing their summer-home kitchen sinks mid-day the past week via VWAP algos at plunging markets to go "self-help" themselves.
I'm hoping for a new Lehman moment this week. This system is rotten to the core. Let some TBTF tip over, then tax the Hell out of the sheeple to keep 'em banksters in bizniz. Maybe that will wake the sheeple, finally.
Actually, I'm hoping for a 'well, then they eat cake' moment.
We tortured some folks, robbed the rest. ....
I declared self-help against Washington and Wall Street, but nothing happened.
They thought you said 'help yourself' and took even more from you when ya weren't lookin'.
Tough day to have as your first day of work:
From the Wall Street Journal:
Virtu Financial LLC executive Chris Concannon will be appointed as president of BATS Global Markets Inc., an upstart Kansas City, Mo., firm that has grown into one of the country’s top stock-exchange operators, BATS said.
. . . .
Mr. Concannon, 47, has served as the president of Virtu, a high-frequency trading firm, since 2009. His appointment will be effective Dec. 15. (emphasis mine) He will fill a void left by William O’Brien, who was forced out of BATS in July amid cultural differences and a decision by BATS to settle allegations that one of its units gave improper advantages to high-speed traders.
The market finally broke? I think it became broken the second our beloved fed started manipulating it. If "broke" means free of Fed, then I think this just isn't the case either. It's fixed, up or down, the fucker is fixed!
GIVE US BACK OUR FREE MARKETS YOU LYING, THIEVING, GREEDY IDIOTS!
Self-help means Jamie & Lloyd have to wipe their own asses because their Groom of the Stool is no longer available.
Wikipedia:
The Groom of the Stool was, in the earliest times, a male servant in the household of an English monarch who was responsible for assisting the King in the performance of the bodily functions of excretion and ablution, whilst maintaining an aura of royal decorum over the proceedings. The appellation "Groom of the Close Stool" derived from the "stool," the item of furniture now called a commode used in the performance of the function[3] (Stul being Norse and Early English for Chair) and "close" because it was used in a closed and private room.
Smart money is already out and their shares have been transferred to the sheeple believing the hype. They'll be holding that bag + the trillion dollar derivatives bag...merry Christmas!