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All Trading Halted On NYSE, White House Monitoring Outage, Software "Glitch" Blamed
*NYSE SUSPENDS TRADING IN ALL SECURITIES
(1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.
— NYSE (@NYSE) July 8, 2015
* * *
The New York Times, citing floor trades, said new software to blame...
The market outage has stretched to two hours. Official say a cyber-attack is not to blame.
"Trader on the floor of the exchange in lower Manhattan, who spoke on the condition of anonymity, said that after the suspension began, traders were told that the problem was related to updated software that was rolled out before markets opened on Wednesday.
According to the trader, the exchange said that the new software caused problems soon after trading began on Wednesday and the exchange decided to shut down trading all together to fix the problem."
* * *
(1 of 2) We’re experiencing a technical issue that we’re working to resolve as quickly as possible.
— NYSE (@NYSE) July 8, 2015
(2 of 2) We're doing our utmost to produce a swift resolution & will be providing further updates as soon as we can.
— NYSE (@NYSE) July 8, 2015
11:32:57 - trades from NYSE drop sharply, sputter a few minutes, then nothing. Each dot a NYSE trade pic.twitter.com/QmJl8Y2b91
— Eric Scott Hunsader (@nanexllc) July 8, 2015
As Art Cashin noted - "it's been a bumpy day... with technical issues even before the open"
It started badly...
As this chart shows, the NYSE started out low at 9:30. At 10:45 things went down hill: pic.twitter.com/qLnk1TduDJ
— Eric Scott Hunsader (@nanexllc) July 8, 2015
And CNBC was stunned...
Rather hilariously, CNBC just could not comprehend this "broken market"... which happens multiple times a week...
- *NASDAQ HAS DECLARED SELF-HELP AGAINST THE NYSE AMEX
- *NASDAQ HAS DECLARED SELF-HELP AGAINST THE NYSE
- *NYSE EXPERIENCING `TECHNICAL ISSUE': SPOKESWOMAN
- *NYSE: ALL OPEN ORDERS WILL BE CANCELLED
And asked "what should the retail trader at home do?"
NYSE suspends all trading. .... And no one noticed
— Eddie Morra_ZH (@convert_trader) July 8, 2015
Prophetically, we wrote about precisely this one year ago when we documented the hilarious case of "social-network" stock CYNK. This is what we said then:
For all the drama and comedy surrounding the epic idiocy in which a bunch of "investors" took the price of non-existent company CYNK from essentially zero to a market cap of over $5 billion in under a week, most people missed the key message here: the stock is a harbinger of what is happening to the entire market. Because while those defending what is clear irrational exuberance, scratch that, irrational idiocy are quick to point out that CYNK's epic surge took place on less than 0.1% of its outstanding shares, these are the same people to say precisely the opposite about the S&P 500. "Ignore the collapsing volumes sending the stock market to all time high - it's perfectly normal" is an often repeated refrain by the permabullish crowd. Just not when it involves case studies in market insanity like CYNK apparently.
Perhaps ironically, it was the concurrent most recent crisis in Europe, that involving Portugal's cryptic Espirito Santo group, whose top-most HoldCo is largely shrouded in secrecy yet which somehow is not a deterrent to the sellside community to issue one after another "all is clear; don't pull your deposits please" note, that confirmed not only that nobody has any idea what the real situation of European banks is, but how the entire capital market has now become nothing more than one glorified CYNK penny-stock turning into a mid-cap.
Deutsche Bank's Jim Reid explains: "Whatever one feels about financials and the wider financial system, credit markets did arguably get a small glimpse of what things will be like when this cycle does actually end as the structurally impaired liquidity that exists in credit caused a small amount of panic yesterday morning before markets recovered in the European afternoon session. Liquidity is really poor in credit these days which doesn't matter when markets are in buy only mode as they have been for many quarters now, but it does matter on the days when you get a negative story."
In other words, just like the CEO of CYNK who promptly "made" a few billion in paper profits, it feels great to "make" money on virtually no volume. The problem arises when one tries to cash out of paper and into all too real profits.
* * *
And this happened...
* * *
The White House and the U.S. Treasury Department are monitoring the "ongoing issue" at the New York Stock Exchange and President Barack Obama has been briefed on the matter, a White House official said on Wednesday.
The NYSE Group, which includes the New York Stock Exchange, has suspended trading in all securities because of technical difficulties.
* * *
Which ironic because CNBC is discussing whether this is "a success or failure" and states that "if retail investors want low cost liquid trading then they have to learn to live with this."
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China bought the exchange?
It's coming down.
https://youtu.be/8IQa3tZ5Kz4
Yup, "free" market.
lmao
I'm starting to feel like I know what I'm talking about...
http://www.zerohedge.com/news/2015-07-05/volatility-confusion-reign-pboc-intervenes-chinese-stocks-surge-then-tumble#comment-6274887
Halted no doubt to stem the plunge
Je Suis Chinee !
It's all temporary, the weather and contained.
We're exceptional.
yup......I'm buyin a ton of stawks today
all ual flights cancelled due to glitch and now this? this is like the second twin tower getting hit. there are no coincidences.
Porntube is still up. So, no need to panic.
China? ZH, the WSJ and now the NYSE. It might be conspiracy theory, but the MSM certainly isn't going to tell us the truth.
" The NYSE spokesperson could not be reached for comment. "
They're all probably on a plane for Brazil ....
DOW is short for DOWN.
There's too much riding on the us stawk market. It will find a way to rip higher.
Some "jagoff" on CNBS just asked his "foil"; "What about all the people who want to buy stocks?"
Aaaaaaaarrraagagargrgrgrgrrhhjhh!!!!!
All this happens right before Jade Helm and Comic-con are due to start. Hmmm
also all this happens right before a drill in south china sea held by 33,000 (americans and aussies) plus an amanda led by a flattop...
not news by MSM.
Quick, someone wake up the plunge protection time.
BREAKING... Update... "Putin Did It"...
Hey, Janet?! We're publishing the Fed minutes today right?! Ok, Larry... glitch it today.
MUWAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!
"There won't be a crash. One day, without warning, they'll just close the casino. Game over. Thanks for playing."
NoDebt, Doc Engali, others.
This isn't it, but it is a dry run.
TURN THE MACHINES BACK ON!
This is what happens when you play with 'Greek Fire'
https://en.wikipedia.org/wiki/Greek_fire
"White House is monitoring outage."????
suuuuuuuuuuuuuuuure...from what golf course or gay bar is obama "monitoring" this????
If its a computer "glitch" then why the reports of the FBI and White House involvement?
Ah, never sweat the small stuff!
Prolly looking for the guy that did this to the exchanges:
https://www.youtube.com/watch?v=TBkf0nAGqi0
Nothing wrong with a little prank from the same dude who tells it as it is.
https://www.youtube.com/watch?v=PzZ4i8aWs_s
Ok, I have to draw the line here... Comic-con does not a conspiracy theory make...
The bleeding continues, with distractions.
Comic Con will go down as the Black Swan event!
And for the first time since Greece (yes, I'm claiming the IP rights for that one) the precious is up.
(and all it took was massive cyber attacks--who would have thunk it)
Yeah, even if it has to reduce volume to 2
We pulled it.
Obama will use this as an excuse to ban handguns.
Obama will use this as an excuse to ban Gold and Silver.
The NYSE must have been built with asbestos fire-proofing then...
It is not broken, it is a feature.
A duffle bag full of cash will get you many morenas and caipirinhas. At 1 USD to 3 R.....Like a sore d1ck, it can't be beat.
The maroons trashed the oil price to punish Rrussia and took out the US shale frackers.
The maroons trashed the Chinese stock market to punish China and took out the US stock market.
Whelp .... it's been fun ....
Looks like I picked the wrong week to quit smoking.
Lokks like I made the right investment move going to Costco and Buying Large Bottles of Bourbon in Bulk... Good Luck with you Stawks you Imbeciles
Thats what I need to get. A few cases of Jack... Or get my still finished...
A few cases of Jack is an excellent bartering tool to have in your arsenal along with batteries, ammo (name your price), and other essentials like coffee, sugar, flour, first aid stuff, and toiletries. TP will be sold by the square, LOL.
Target now carries DIY beer kits. What do they know?
Bloomberg just mentioned ZH's tech issues this morning.
Hah ha ha ha
Oh, the irony of it all.
To be fair, all of the chaos theory news headlines were mentioned. WSJ, United, etc.
it's possible that China and the US are hacking each other's market rigging practices.
Zero Hacked. Hey, it's Blofeld.
China related dumping. Cant wait to see the plethora of listings in Arcadia soon.
I think so, first meaningful cyber shots of WWIII between China/Russia and US/West. I personally believe the US government is actively trying to sink the Chinese stock market and what happened today is retaliatory.
Philo, is this the part when the ants are randomly crashing into each other or is that yet to come?
Thanks,
Miffed ( a bemused observer)
lol. That, or the kid with the magnifying glass stage,
I used to suspend the firecrackers over the ant hill with stick and twigs to simulate a little airburst.
>> Porntube is still up.
I generally think you are a jackass (j/k) but that was funny.
Thank goodness - at least we know the SEC will be on the case.
US - China same same.
My theory: The Chinese blame us for their market crash, so they're launching a hack attack.
How bad can things get? Imagine everyone's investment and bank account drained to zero? [All your $$ belong to us now]
At that point, the Internet as we know it is dead and we literally go back to the 1960s in terms of network connectivity.
I am so mezmorized by the fucked up markets today I can't get any work done.
And how is United Airlines IT treating you?
:D
Where's Beeks? Where in the hell is Beeks?
Our regularly scheduled propaganda will resume shortly
I declare "self-help" against myself when my girlfriend is out of town.
Are your own foley?
https://www.youtube.com/watch?v=IyDRX8AYi_o
Premiums on SD Bullion for silver (that's all I looked at) have jumped quite a bit today.
Obama says the market halt was due to Global Warming.
Um, so put the Emergency Exit sign in a dead end hallway
Borrowing a page from China, I see.
Stocks won't go down if there is no medium to trade.
I find all of this very bizzare way of thinking. This dates back to Austrian economics. Value is only what one gives it. If no one wants it there is no value to it, even if it is gold.
You obviously are not familiar with rule number one of the US markets: IF THE BANKSTERS DO NOT FEEL TOTALLY IN CONTROL AND SECURE IN THEIR BELIEF THAT THEY WILL RAPE AND EXTRACT ALL CITIZENS AND TAXPAYERS THEY MUST CLOSE THE MARKET UNTIL THEY KNOW THAT THEIR ILLEGAL PILLAGE CAN CONTINUE UNIMPEDED.
Nothing to add. Beautiful comment!
"Borrowing a page from China, I see."
Well, and Greece is closed too...
Exactly, people have yet to realize the genius in China's actions. If you halt 50% of stocks you will only have the market decline a maximum of 50% and that is only if the remainder are left open and allowed to go to zero.
I say we one up them here in the USSA by halting 90% of stocks then the max decline we could possibly see would be another 10% provided those stocks are allowed to go to zero.
It's a brilliant plan with no downside, get on it Mr. Obama.
SACKS HFT Bots Down ???
Stop ALL (alledged) Free Trading ???
IT WAS THE DUKES! IT WAS THE DUKES!
TURN THOSE MACHINES BACK ON !!!!!!!!!
- Trading Places
"Looking good, Mortimer"
"Mother always said you were greedy"
- Randolph Duke
"I had the most absurd nightmare. I was poor and no one liked me. I lost my job, I lost my house, Penelope hated me and it was all because of this terrible, awful Negro." ~ Louis Winthrop III
Perfect opportunity to insert an Obama picture at the end of the quote.
For some reason I've never been able to get that to work here on ZH using firefox, the pics never show up. I see other comments that embed pictures, I've tried viewing the source. And now others even point out an opportunity missed. This has frustrated me to no end. What is the secret?
she meant it as a compliment.
The Dukes of Hazard and that damn rebel flag. There, fixed it for you. WH news conference from the Rose Garden tomorrow morning officially blaming the rebel flag, the Dukes of Hazard, and the General Lee. Isis cake will be served after the news conference.
Eat up, bitches.
NYSE's Farley announced the "trading was halted to allow Goldman Sachs to sell their positions and go short"
"When we open, this will initially drop faster than my ex-wife's panties"
NYSE's Farley announced the "trading was halted to allow Goldman Sachs to sell their positions and go short"
"When we open, this will initially drop faster than my ex-wife's panties"
Shots fired
All folks with sell orders to be arrested on sight and scarfed off to the FEMA camp for "re-education."
lololololol this.
Obviously, the contagion from Greece is starting to set in. Let's see the WH spin this...
United Airlines, NYSE and ZH shut down approx the same time???
Tyler, who did you piss off now?
Good call! I think you are at least partly right here! Something has broken due to Europe and Chinese turmoil and need to find liquidity by selling something, anything.
No shit brother, the stock market's the last man standing in the Fed's arsenal. When it goes it's game over.
Fed doesn't use BATS?
If you dont pay up they breaka your knees wif da bats.
BATTER UP!
https://www.youtube.com/watch?v=QHH9EYZHoVU
STAWKS are mainly used for the manipulation of the Public's perception...the MUPPETS.
The Bond Market is the last man standing in the Fed's arsenal. Note that no glitch happened in that market today.
The endgame is being played out. Yes the suspension of trading is much more likely to liquidity issues rather than a software glitch.
In China they just illegalize the liquidation of large amounts of STAWK. In America we stage a Market Glitch by installing some inferior software on a day when the NYSE knows that the Market is going to tumble due to Asia's Market action.
But the US Bond Market will implode. You can bet on that eventuality. The IMF already has plans for the implementation of a new World Currency in October from some of the some sources which I have read. But for that to be accepted King Dollar must die.
VIX is set to increase to unheard of levels in the leadup to the September Meltdown.
Save your Gold as that will transition you from one system to the next...that is if you actually physically survive it to the other side.
"Get those brokers back in here! Turn those machines back on!"
- Mortimer Duke
"Cause you gotta have faith."
- George Michael
ISIS JUST PLCED 100 MILLION SELL ORDERS
It's the Libyans, Marty!
You mean freefall market.
Exactly right, it's just an illusion. If you cannot acquire and dispose (sell) of what you think is your property, then that isn't really your property. Amongst many other reasons this is the most signifigant impediment that keeps me out of the stock market. I simply have no confidence that I have complete control over my euities in such an environment. People have long figured this out over the past few years, ergo the principle reason for the low trading volumes.
"It's coming down".
Yeah, so is PM (Ag, Au...).
Just BTFD already, or you're a moron. :-)
Trading will resume as soon as the FED's HFT market rigging algos come back on line.
Good lord what a terrible song.
Dupe. ZH is still getting fucked with.
Well, we can at least be sure Bath House is going down on someone, somewhere.......
I'm gonna need moar toilet paper
Probably too late for some of them out there!
JUST CHECKED...
all my real money is still there...
DEATH TO THE MONEYCHANGERS.......
My old man just gave me a bag of war nickels. We used to save them as a novelty. Now, I save them for use.
pods
I used to think silver dimes and quarters might serve that purpose someday. I kind of get the feeling that 95% of the population would have absolutely no idea that either was worth more than face value. "Why would I give you more than $.25 of something for it, you f'king RETARD!"
Silver halfs and dollars? Nah-uh. "WTF are those? THOSE aren't even real coins, you idiot!!"
one day at work in a break room that I was walking through an older woman who was trying to buy a can of Coke from a vending machine stopped me to ask if I would trade her "bad" quarter for a "good" quarter because the "damn Coke machine" wouldn't take it.
She held it out to me and I could tell right away when I saw it pinched between her thumb and fore-finger that it was a pre-1965 silver quarter.
I took it from her and sure enough, 1964, and I immediately told her that she didn't want to spend that quarter anyway because it was a silver quarter. I had automatically assumed that due to her age that she would have known exactly what I was saying was true and would totally understand the error she nearly made by putting that quarter in the vending machine.
But instead to my surprise, she looked at me as if I was speaking an alien language. The look on her face was just a blank stare of confusion.
So I explained what the quarter was and that it was worth (at that time) about 3 dollars, so she should be glad the machine didn't take it because that would have been a very expensive can of Coke! I said this kind of laughingly expecting her to understand me and also get a chuckle out of her near mistake.
Still nothing from her...I could still tell she was confused and all she could manage to do was somewhat laugh nervously as if I was lying to her and making all that up.
So I said, "look...I won't trade you a regular quarter for this.", and I pulled 3 dollars out of my pocket along with a worthless quarter and offered to trade her for it.
Well that really got her laughing very oddly and nervously and she was clearly not believing me at all and she actually thought I was totally fucking with her at that point.
I again reiterated my offer to her explaining again that the silver quarter was worth that much so it was okay and a proper trade. She would not take the fiat from me at all...she kept shaking her head laughing nervously still acting like I was fucking with her.
So then I put the three dollars back in my pocket and said "okay"...here's a regular quarter for your silver quarter so that you can buy your can of Coke. She then smiled, said "Thank you", took the quarter, spun around and plunked it into the Coke machine happy as a pig in slop to get her fucking can of Coke.
I said have a nice day and walked away laughing...what else could I do? I tried the best I could with her to no evail, and I ended up with a free silver quarter.
That was a great day for me. I hope she really enjoyed her poisonous can of Coke.
I don't think I've ever seen that lady again...it's a very big company. But I always wonder if she ever figured out what I was telling her was true and kicks herself for giving a silver quarter away. hahaha
...always be stacking! ;-)
God bless everyone.
Strange days, indeed.
Stay Cool.
T
wall st journal down.
Nice catch
Confirmed. WSJ is a 504 error
obama admin to speak soon...."we need more control of the internet"
lol, so they can ensure more outtages.
WSJ's Diaster Recovery page is up. Guess with NYSE down, everyone and their counsin is hammering WSJ to see what's up.
Or maybe China ia retaliating with an e-attack since they blame the US for their financial market woes.
Exactly.
Doesn't matter a whit if its true or not, the perception is is that the US is attacking China.
No, no, no ... it's the 8 year-old brown Indian in his London Basement who did it. He actually read the manuals.
One of your best, William.
i want that image on a T-Shirt
I want to see that on my TV on every channel.
i'll make them....have tons of capacity if william will grant the art.
What are the dots and dashes at the bottom meaning?
Morse code maybe? Anyone know how to read it? enlarge by clicking on it (twice)
PREPAREFORMORSECODEREPEATERMODE
You will have to let us know how to get them if Wm. gives you the rights.
Logged in just to upvote this. Fookin classic!
That's a great T Shirt WB7.
Just sayin
You don't see Yes-Man enough in good art.
"You call that a glitch?!?"
Name the movie
This is NOT a joke: CNBC just touted this as a buying opportunity!
Study: thousands self-identify as ‘vampires’, acceptance needed
Research finds vampires fear disclosing identity to doctors, ‘stereotyping’, ‘microaggression’ concerns
http://tinyurl.com/np6x8q9
Self identifying as a robot or sociopath, is not far off, I can tell you that.
And with that, all moral boundaries go to. Everything is permissible. Do what thou wilt (if you are a Luciferian, that is).
We're only one fake EMP away from REAL recovery...
What's going on? United Airlines was down this morning, all flights canceled due to a "computer glitch"
Trading halted here.
And now CNBC is now down?
Hack Attack ?
I think they are getting monkey hammered with volume. A true (unintended) DDOS overload
And you better believe the monkey hammering of PM's will continue as the contagion from Greece spreads.
Remember Dollar Good. Stawks Good. PM's BAD.
It's war by other means.
When the electronic pay system (Victory Is Still Achievable) goes down this mfer goes live.
Kill for gain or shoot to maim
But we don't need a reason
The Golden Goose is on the loose
And never out of season
Some blackened pride still burns inside
This shell of bloody treason
Here's my gun for a barrel of fun
For the love of living death.
The killer's breed or the demon's seed,
The glamor, the fortune, the pain,
Go to war again, blood is freedom's stain,
But don't you pray for my soul anymore.
Two minutes to midnight
The hands that threaten doom.
Two minutes to midnight
To kill the unborn in the womb.
The blind men shout let the creatures out
We'll show the unbelievers
The napalm screams of human flames
Of a prime time Belsen feast, yeah!
As the reasons for the carnage cut their meat and lick the gravy,
We oil the jaws of the war machine and feed it with our babies.
The body bags and little rags of children torn in two
And the jellied brains of those who remain to put the finger right on you.
As the madmen play on words and make us all dance to their song,
To the tune of starving millions to make a better kind of gun.
Midnight, all night
It's war Jim, but not as we know it"
That Norse map is certainly a thousand times superior to that CIA-financed company, Fireeye, whose hack-attack map looks like pure shit:
https://www.fireeye.com/cyber-map/threat-map.html
If it is, Jeh Johnson is not gonna admit it, at least at this point in time.
Too many systems are out of whack.
Cannot be a co-incidence, can it??
Hey Tyler....you're still hit and miss (12:18 pm EDT, N.E. Florida)
Lots of maintenance mode and unable to connect error messages.
CNBC back up buck sluggish.
WTF ?
Classic.
LMAO. everything has to do with that country in your narrow little mind.
LMAO. everything has to do with that country in your narrow little mind.
lamo, everything has to do with that country inyour mind
Operation "Juden Heim".