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All Trading Halted On NYSE, White House Monitoring Outage, Software "Glitch" Blamed

Tyler Durden's picture




 

*NYSE SUSPENDS TRADING IN ALL SECURITIES

* * *

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."

*  *  *

 

As Art Cashin noted - "it's been a bumpy day... with technical issues even before the open"

It started badly...

 

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?"

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...

*  *  *

As Reuters reports,

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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Wed, 07/08/2015 - 12:21 | 6285396 TalkToLind
TalkToLind's picture

PULL IT!

Wed, 07/08/2015 - 12:55 | 6285715 lakecity55
lakecity55's picture

FBI has reported they found an intact Mohammed Atta passport near a NYSE phone closet!

Wed, 07/08/2015 - 12:22 | 6285402 nakki
nakki's picture

Seems like China is talking a page out of the George Bush playbook.

BUSH; Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system. I think when people review what’s taken place in the last six months, uh, and put it all in one, in one, (sigh), you know, in one package, they’re realize how significantly we have moved. 

Just think if everything would have had a natural outcome how different things would be today. Only way out is debt jubilee, followed by new $$. Pain is inevitable, might as well get it over sooner rather than latter.

Wed, 07/08/2015 - 12:22 | 6285406 goldinpenguin
goldinpenguin's picture

China syndrome, their melted core popped out in NYC!

Wed, 07/08/2015 - 12:24 | 6285424 J Jason Djfmam
J Jason Djfmam's picture

Drachmas for everyone!

Wed, 07/08/2015 - 12:24 | 6285421 Argenta
Argenta's picture

Enter my cue to redouble efforts at silver and lead accumulation.  This is not going to end well.  The Fed is completely out of options to fend off another 2008-like crash.  China is kaput.  The Eurozone is even worse.  We're all on our own now, and it ain't looking very good.

 

-Argenta

Wed, 07/08/2015 - 12:26 | 6285438 J Jason Djfmam
J Jason Djfmam's picture

Can't they just pay people to borrow money?

Wed, 07/08/2015 - 12:32 | 6285493 db51
db51's picture

You have no fucking clue as to how much longer this charade can last.   Everything Green by the weekend.  Take that to the bank doomspewer.

Wed, 07/08/2015 - 12:25 | 6285426 no1wonder
no1wonder's picture

China getting those trillions back ?

Wed, 07/08/2015 - 12:25 | 6285427 Yen Cross
Yen Cross's picture

  The fed. minutes are probably going to be hawkish and they don't want to spook the markets into a full on "limit down" vaporlock.

* Too bad I'm not on the "early release" list.

Wed, 07/08/2015 - 12:31 | 6285429 robertocarlos
robertocarlos's picture

I told you 3 days ago the USD could be worth nothing in 3 days.

 

Edit: Oh wait sorry, cash is king. Until it ain't.

Wed, 07/08/2015 - 12:25 | 6285430 Rubicon727
Rubicon727's picture

The US/EU powers have been sabotaging the Chinese stock market and now China is throwing this back in their face

Wed, 07/08/2015 - 12:26 | 6285443 BigRedRider
BigRedRider's picture

TURN THE MACHINES BACK ON!!!

Wed, 07/08/2015 - 12:27 | 6285457 J Jason Djfmam
J Jason Djfmam's picture

Doh!

Wed, 07/08/2015 - 12:34 | 6285511 TalkToLind
TalkToLind's picture

Mortimer, Jim Cramer is not well.

Fuck him!

Wed, 07/08/2015 - 12:50 | 6285677 lakecity55
lakecity55's picture

I turned on CNBC for the first time in about a year. They're running around like chicken little, hahahahaha!!

Wed, 07/08/2015 - 12:28 | 6285450 Sorry_about_Dresden
Sorry_about_Dresden's picture

Guess I'll head and stock up on beans, rice and tuna in a pouch right afetr I get some cash from the ATM. 

We are, always, 7 meals from anarchy folks!

Wed, 07/08/2015 - 14:56 | 6286536 Free_Spirit
Free_Spirit's picture

Don't forget the geiger for the tuna.  The Japs have miniaturised these to wristwatch size now 

Wed, 07/08/2015 - 12:27 | 6285451 Ocynsoul
Ocynsoul's picture

"what should the retail trader at home do?"

Bankers hours. Take the losses as proscribed. Don't lose yourself.

 

Gens Y and WTF may soon consider themselves experienced.

Wed, 07/08/2015 - 12:29 | 6285471 J Jason Djfmam
J Jason Djfmam's picture

Kick yourself in the ass for not cashing out a month ago. Repeatedly.

Wed, 07/08/2015 - 12:28 | 6285456 Stox
Stox's picture

Approximately 10 days ago there was a news report that major trunk lines for the internet were cut, about 5-10 times in different places over a period of days.  All lines in underground tunnels that were not monitored for security in any way.  Sacramento area.

One has to wonder if there is any connection, when the NYSE and WSJ both go down at the same time.

Dusting off the tin foil hat.

Wed, 07/08/2015 - 12:28 | 6285463 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

According to MSNBC this outage is NOT Obama's fault. Obama is BIG on cyber security! Not his fault. Not his fault. Blame congress! Repeat, not Obama's fault. Thank's for watching MSNBC.

Wed, 07/08/2015 - 12:28 | 6285464 richiebaby
richiebaby's picture

I can tell by Cramer's voice he can barely contain himself. He is shorted up the ass

Wed, 07/08/2015 - 12:35 | 6285520 Atomizer
Atomizer's picture

He can join Beck. His voice is gone? All musical tramps use a spray steroid to help vocal cords. Beck is done. 

Wed, 07/08/2015 - 12:32 | 6285473 Downtoolong
Downtoolong's picture

Let no crisis go to waste.

Just waiting for CNBS to come out and blame it all on ZH, followed by a call from FTC for tighter controls on independent financial blogs.

 

Wed, 07/08/2015 - 12:30 | 6285474 Atomizer
Atomizer's picture

Shhhh, don't look at debt and liabilities GAAP guidelines. Coming to in a form of branching out to level derivatives exposure. We must adhere to the European Union vision and help re-establish a foiled society when poverty prevails. 

Negro in Chief, Barak Hussein Obama.

http://data.imf.org/?sk=7CB6619C-CF87-48DC-9443-2973E161ABEB

 

Wed, 07/08/2015 - 12:33 | 6285497 robertocarlos
robertocarlos's picture

"Obama's gonna pay my mortgage". That woman is a visionary.

Wed, 07/08/2015 - 14:02 | 6286203 bid the soldier...
bid the soldiers shoot's picture

"Three Cheers for the Red, White and Black." 

Wed, 07/08/2015 - 12:32 | 6285486 Gort
Gort's picture

China government bans large China investors from selling CHINA stocks, so when the leveraged investors get their margin calls they will be forced to sell the US stocks they hold. Should be verwee interesting.

Wed, 07/08/2015 - 12:38 | 6285549 SillyWabbits
SillyWabbits's picture

It isn't how much money you have .....

It's how do you have your money!

 

Wed, 07/08/2015 - 12:32 | 6285488 jimfcarroll
jimfcarroll's picture

Chinese hackers hit ZH (for using the work "crash") and the NYSE at the same time. They obviously have appropriate priorities. :-)

Wed, 07/08/2015 - 12:33 | 6285490 NuYawkFrankie
NuYawkFrankie's picture

BBbb.bb...but Maria - or some other bimbo -  said that now was a "good time to buy shtocks"

WTF????

Wed, 07/08/2015 - 12:38 | 6285544 J Jason Djfmam
J Jason Djfmam's picture

In the market.

For y'all that are, you were warned.

Wed, 07/08/2015 - 12:33 | 6285496 YHC-FTSE
YHC-FTSE's picture

Automatic Level 3 circuit breaker implemented? 20% down threshold crossed so everything stopped for the day.

Wed, 07/08/2015 - 12:35 | 6285519 robertocarlos
robertocarlos's picture

So that's what the mushroom cloud symbol means.

Wed, 07/08/2015 - 12:39 | 6285557 J Jason Djfmam
J Jason Djfmam's picture

Laughter!

Wed, 07/08/2015 - 12:41 | 6285575 YHC-FTSE
YHC-FTSE's picture

Just guessing because nobody has mentioned Rule 80B, yet it looks like it.

"If the market declined by 20%, triggering a Level 3 circuit-breaker, at any time, trading would be halted for the remainder of the day."

https://www.nyse.com/markets/nyse/market-model

Wed, 07/08/2015 - 12:50 | 6285668 J Jason Djfmam
J Jason Djfmam's picture

Good ole rule 80B.

Wed, 07/08/2015 - 12:36 | 6285500 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

Buy bitcoin! No wait, wait, wait,... can't log in.

Wed, 07/08/2015 - 12:33 | 6285505 JoeTurner
JoeTurner's picture

Sure looks like a cyber attack from China...could they be trying to distract the world from their own market collapse ?

http://www.digitalattackmap.com/#anim=1&color=0&country=EG&list=0&time=1...

https://www.akamai.com/us/en/solutions/intelligent-platform/visualizing-...

Wed, 07/08/2015 - 12:34 | 6285510 Bill of Rights
Bill of Rights's picture

Omg they shut down the fake markets

Wed, 07/08/2015 - 12:34 | 6285513 FranSix
FranSix's picture

Nikkei down.

Wed, 07/08/2015 - 12:40 | 6285567 J Jason Djfmam
J Jason Djfmam's picture

What as bunch of cyber-ninnies.

Wed, 07/08/2015 - 12:35 | 6285521 DOGGONE
Wed, 07/08/2015 - 12:36 | 6285525 youngman
youngman's picture

Its funny how CNBC is saying that the NYSE is only 20% of the trades so not to panic...but yet they have their show from the floor on the NYSE....why not move to where the trades are getting done....if they are not playing baseball at Kominsky Park anymore..why announce the game from there?????

Wed, 07/08/2015 - 13:41 | 6286066 madcows
madcows's picture

"Live from Brussels.  It's CNBC!"

Cue fake laugh track.

Wed, 07/08/2015 - 12:36 | 6285526 Chuck Knoblauch
Chuck Knoblauch's picture

China is going to kick Goldman and JP out of their country.

Wed, 07/08/2015 - 12:45 | 6285604 lakecity55
lakecity55's picture

...and Vlad is kicking Soros' phony NGOs out of the Federation!

Wed, 07/08/2015 - 12:36 | 6285529 Goldbugger
Goldbugger's picture

IT's a hack job...

Wed, 07/08/2015 - 12:36 | 6285530 LeoWest
LeoWest's picture

Putin invaded Europe and Australia. 

Wed, 07/08/2015 - 12:37 | 6285533 TalkToLind
TalkToLind's picture

The president has been briefed, we protected some folks.

Wed, 07/08/2015 - 12:38 | 6285537 NuYawkFrankie
NuYawkFrankie's picture

Joe 6: "SELL!  SELL!"

Fin. Advisor: "Who to?"

Wed, 07/08/2015 - 12:37 | 6285541 youngman
youngman's picture

Its New York City...it was a RAT that ate thru a cable....

Wed, 07/08/2015 - 12:39 | 6285556 p00k1e
p00k1e's picture

Didn’t Trump tell us illegals are stealing the copper? 

Wed, 07/08/2015 - 12:42 | 6285582 NuYawkFrankie
NuYawkFrankie's picture

..more like a "doy-dee" rat ;)

Wed, 07/08/2015 - 12:43 | 6285542 devo
devo's picture

The 'technical issue' is everyone wants to sell overpriced stock.

Wed, 07/08/2015 - 12:44 | 6285596 lakecity55
lakecity55's picture

NYSE Officers: "Shit, everyone is heading for the exits!! Declare a Tech Issue and alert the PPT!! Call the Fed!!

Wed, 07/08/2015 - 12:38 | 6285547 p00k1e
p00k1e's picture

Obama said he’s training ISIL.

Obama just made a SHOCKING admission!

https://www.youtube.com/watch?feature=player_embedded&v=bcGz1a76Clk

Wed, 07/08/2015 - 12:47 | 6285623 Eahudimac
Eahudimac's picture

I'm surprised they let that slip through. Maybe it was intentional.

Wed, 07/08/2015 - 12:38 | 6285551 Omega_Man
Omega_Man's picture

seling bad - holding position good  you have been warned

Wed, 07/08/2015 - 12:40 | 6285568 DarthVaderMentor
DarthVaderMentor's picture

HACKED! The price of HFT and reckless automation for an edge has comed to roost. 

Wed, 07/08/2015 - 12:42 | 6285577 J Jason Djfmam
J Jason Djfmam's picture

The force is strong in this one.

Wed, 07/08/2015 - 12:43 | 6285588 p00k1e
p00k1e's picture

Someone may have flown a drone into the microwave relay tower at the NYSE.

Wed, 07/08/2015 - 12:42 | 6285580 Lugnut
Lugnut's picture

Not for nuthin, but I will love to hear the real reason behind this 'glitch'.  More than 17 years ago I had a (very) minor hand in the infrastructure that went into Merrill Lynchs retail trading systems, but I knew the guys who designed the system architecture.

Every connectiom, system, server or asset that touched that data stream was redundant, load balanced, and distributed, and monitored to within an inch of its life. Even the network connections came in from redunandant NAPs. THey had their own off grid power distribution systems in case they lost all power to the block (they were within spitting distance to the MAE EAST NAP).  Tough to imagine a single 'glitch' taking down the NYSE.  If thats what ML was putting into their stupid trading sytem in 1998, I can only imagine the redundancies built into the NYSE. 

Wed, 07/08/2015 - 12:56 | 6285721 Eagle Keeper
Eagle Keeper's picture

Building a systems infrastructure like that is great but if your clients can't reach you it's still useless. Analogy- You can build a ship thats unsinkable but if you let the water out of the pond it's still useless. Its the network....

Wed, 07/08/2015 - 12:59 | 6285752 Lugnut
Lugnut's picture

Sorta my point. MAE EAST isnt down (otherwise we wouldnt be reading this), so it has to be contained with the NYSE's own infrastructure.

Wed, 07/08/2015 - 12:43 | 6285585 TalkToLind
TalkToLind's picture

Janet is gonna have to slam 4 Geritol, 3 cans of Red Bull (she can kick them when empty) and then print like hell.

Wed, 07/08/2015 - 12:43 | 6285591 willien1derland
willien1derland's picture

Funny, when they bounced the servers at United Airlines & NYSE - "Welcome to Jade Helm 15 - Mastering the Human Domain"

Wed, 07/08/2015 - 12:44 | 6285594 Gort
Gort's picture

Any Hat Trick/Trifecta Zero Hedgers out there?  That would be someone logged on @ zerohedge.com when it crashed, who also was planning on dumping some stocks today, while he or she was waiting at an airport for their United flight that was cancelled.

Wed, 07/08/2015 - 12:44 | 6285595 Barnaby
Barnaby's picture

Well I guess it's back to eating dog food for me!

Wed, 07/08/2015 - 12:49 | 6285655 Wahooo
Wahooo's picture

You're lucky. I have to eat the dogs.

Wed, 07/08/2015 - 12:45 | 6285600 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

A lone ISIS terrorist with ties to the Tea Party, watched the movie "Wall Street" became enraged, then acted alone to take down the NYSE trading platform.

Wed, 07/08/2015 - 15:28 | 6286717 rydog1220
rydog1220's picture

He used an AR-15 to shoot the servers at the NYSE, he was seen with a Confederate flag tattoo on his calf and wearing a Don't Tread on Me T-shirt. More news to come here on CNN 

Wed, 07/08/2015 - 12:45 | 6285606 steveo77
steveo77's picture

And finally my last post of maybe the whole week, I need to get to work on personal projects.

Kind of a slice of life, based on number of hits on youtube

NWO Plot With Financial Terrorists Exposed Gets 20,000 Hits, Bikini Girls Cliff Jumping Gets 100,000,000 Hits

Max Keiser Exposes The Greek Debt As Financial Terrorism, As a Way For Germany To Exert Effective Control Over The EU as Some Sort of 4th Reich to Facilitate Power Consolidation And Wealth By the Super Rich Who Want to Never Have Any Serious Threat to Their Power, Ever Again

20,000 Hits

Bikini Girls Cliff Jumping Do your part to get this to 100,000,000 hits Only 900,000 more hits needed, whilst Rome burns, lol Fiddle around much?

http://nukeprofessional.blogspot.com/2015/07/nwo-plot-with-financial-terrorists.html

Wed, 07/08/2015 - 12:46 | 6285620 no1wonder
no1wonder's picture

Have they tried turning it off and back on again?

Wed, 07/08/2015 - 12:48 | 6285643 J Jason Djfmam
J Jason Djfmam's picture

Ctrl+Alt+Delete.

Wed, 07/08/2015 - 12:47 | 6285621 p00k1e
p00k1e's picture

Are local U.S. banks still open – has anyone checked?? 

Wed, 07/08/2015 - 12:49 | 6285656 no1wonder
no1wonder's picture

ATMs still working ?

Wed, 07/08/2015 - 12:48 | 6285627 no1wonder
no1wonder's picture

Whatever goes down must come up!

Wed, 07/08/2015 - 12:47 | 6285631 Wahooo
Wahooo's picture

Are we at war?

Wed, 07/08/2015 - 12:56 | 6285722 Barnaby
Barnaby's picture

When aren't we at war?

Wed, 07/08/2015 - 13:20 | 6285902 lakecity55
lakecity55's picture

Yes, but right now it's financial cyber-war. The missiles come later.

Wed, 07/08/2015 - 12:48 | 6285642 Eagle Keeper
Eagle Keeper's picture

This is pretty bizarre. While all the outages were happening, I also lost Serius/XM. Did anyone else see this?

I'm a network engineer and there's too many of these things happening at the same time to ignore a more systemic problem.

Wed, 07/08/2015 - 12:51 | 6285682 Duc888
Duc888's picture

I think the Sun might have had a case of acid reflux.

Wed, 07/08/2015 - 12:58 | 6285750 Eagle Keeper
Eagle Keeper's picture

Spaceweather reports a quiet sun.

Oh, another thing...  All the registers at Jimmy Johns went down at the same time. (just as I was about to pay dammit)

Wed, 07/08/2015 - 14:25 | 6286366 Barnaby
Barnaby's picture

So JJ is like Jared from Subway? They'll go down on a six-incher?

Wed, 07/08/2015 - 15:12 | 6286640 Moustache Rides
Moustache Rides's picture

It might be snowing in space.

https://youtu.be/XDDG6V-ZIG4?t=1m26s

Wed, 07/08/2015 - 12:49 | 6285652 Volkodav
Volkodav's picture

Vladimir Putin deliberately taunting us!

https://www.youtube.com/watch?v=vxu7QM4BTCo

be sure Trish knows...

 

Wed, 07/08/2015 - 12:52 | 6285694 no1wonder
no1wonder's picture

... Tsipras trying to get those 320 bn to clear Greek debt ?

Wed, 07/08/2015 - 12:49 | 6285653 Pumpkin
Pumpkin's picture

How the hell am I to find the greater fool now?  Oh wait, I don't own any stocks.

Wed, 07/08/2015 - 12:51 | 6285686 ZeroPoint
ZeroPoint's picture

I love how supposedly all trading is halted, yet E-Trade is still posting price action. Wake up Neo, the Matrix has you.....

Wed, 07/08/2015 - 12:54 | 6285712 J Jason Djfmam
J Jason Djfmam's picture

Apparently China has halted institutional selling in the U.S. as well.

Wed, 07/08/2015 - 13:04 | 6285794 ajkreider
ajkreider's picture

Tirades are being completed on NYSE stocks on other exchanges.

Wed, 07/08/2015 - 12:57 | 6285734 Meremortal
Meremortal's picture

Is this better or worse than having your Cessna 150 T-boned by an F16?

Discuss...

 

Wed, 07/08/2015 - 14:13 | 6286295 One of We
One of We's picture

Better than getting your nuts bit off by a laplander.  I'm partial to falling out an airplane without a chute...

Wed, 07/08/2015 - 12:58 | 6285748 El_Puerco
El_Puerco's picture
Something maybe related to this that I think would be the final Decision; Care read carefully!

 

http://bit.ly/1KOQbOI }

Wed, 07/08/2015 - 12:59 | 6285753 scatha
scatha's picture

America in Decline? or something fishy is going on?  China Stock market did not break "technologically"  they had to hammer down investors one by one and practically closing it. 

SNB pumped eurostoxx up. 

The "technological" break is just a propaganda, probably it is psychop to see how rats react ,just because everybody deny it.

Bloomberg says they are trading without prices!!!!!!!!!!!!!!!

So why ZH was down is anybody give me story strait, not MSM shit? Surge from where IPs, subnets, clients etc., compare to regular traffic ZH you have all metrix.

Tyler, Have you heard about load balancing, you do it everyday, you know one server in NY, SF, HK, Sydney, Londin, Frankfurt etc..

What's going on?

Wed, 07/08/2015 - 13:02 | 6285783 Meremortal
Meremortal's picture

ZH and WSJ probably down due to temporary overload when NYSE went down. 

Find a fainting couch and make up weird stories. You'll be fine.

 

Wed, 07/08/2015 - 14:11 | 6286278 One of We
One of We's picture

I almost pulled my tomatos in and grabbed my go bag when I couldn't hit ZH for a few mitues.  I'm on the couch now and feeling much better thanks.

Wed, 07/08/2015 - 13:00 | 6285757 Onlygold1
Onlygold1's picture

KRASH ALREADY! closed due to krash is what the headline shulda said

Wed, 07/08/2015 - 13:00 | 6285759 coltek
coltek's picture

And now, during the interval, we shall have some light machine gun fire...

Wed, 07/08/2015 - 13:01 | 6285768 I Write Code
I Write Code's picture

This the same NYSE that, when Sandy flooded Wall Street and NJ, couldn't even find their backup site and just went dark instead?  All those little H-1Bs coming home to roost, ...

Wed, 07/08/2015 - 13:02 | 6285775 ajkreider
ajkreider's picture

Everybody back up except NYSE.

Wed, 07/08/2015 - 13:05 | 6285796 SilverFish
SilverFish's picture

Thankfully, I only trade on the Greek exchange nowadays.

Wed, 07/08/2015 - 13:05 | 6285799 no1wonder
no1wonder's picture

... maybe some asteroid pieces are about to hit Puerto Rico ...

Wed, 07/08/2015 - 13:05 | 6285801 Grimaldus
Grimaldus's picture

For once my timing was good, sold what I could Monday during the AM rebound.

Grimaldus

 

 

Wed, 07/08/2015 - 13:06 | 6285805 BeaverCream
BeaverCream's picture

HAHAHAHAH...it's coming!

Wed, 07/08/2015 - 13:08 | 6285817 Goldman-Sucks
Goldman-Sucks's picture

MOAR!!!!

Wed, 07/08/2015 - 13:08 | 6285819 Goldman-Sucks
Goldman-Sucks's picture

MOAR!!!!

Wed, 07/08/2015 - 13:10 | 6285832 GotNuttin'todo
GotNuttin'todo's picture

It's solar flares. It always does this before the next ice age.

Wed, 07/08/2015 - 13:11 | 6285845 Hannibal
Hannibal's picture

Plunge protection team is still vacationing.

Wed, 07/08/2015 - 13:14 | 6285858 no1wonder
no1wonder's picture

They should update their Adobe Flash

Wed, 07/08/2015 - 13:41 | 6286026 Hope Copy
Hope Copy's picture

Adobe Flash should be ban.  eversince my Adobe Flash (Firefox) went 'out of date' the adds quit woeking and the crashed stopped.  that 'old' Flash works when I let it for vdeo, but for the last few months Flsh has been the blain to my surfing and especially here.

 

TYLERS:  BAN  >>  ADOBE FLASH.      Require all adds be in GIF form... 

Wed, 07/08/2015 - 13:14 | 6285861 Jack Burton
Jack Burton's picture

One theory I heard is that in a search for liquidity, European and Chinese stock and bond holders have resorted to their American holdings to try and sell and get needed liquidity. Perhaps a flood of this type has swamped these markets here. Lets face it, Europe and China are in turmoil!

Wed, 07/08/2015 - 13:16 | 6285876 BeaverCream
BeaverCream's picture

Any indians trading today need to incinerate their computers immediately.

Wed, 07/08/2015 - 13:16 | 6285877 BeaverCream
BeaverCream's picture

Any indians trading today need to incinerate their computers immediately.

Wed, 07/08/2015 - 14:52 | 6286505 Beowulf55
Beowulf55's picture

Source:  http://www.sec.gov/investor/alerts/circuitbreakersbulletin.htm

Under the revised rules approved by the SEC, market-wide circuit breakers will provide for cross-market trading halts during a severe market decline as measured by a single-day decrease in the S&P 500 Index. A cross-market trading halt can be triggered at three circuit breaker thresholds—7% (Level 1), 13% (Level 2), and 20% (Level 3). These triggers are set by the markets at point levels that are calculated daily based on the prior day’s closing price of the S&P 500 Index.

A market decline that triggers a Level 1 or Level 2 circuit breaker before 3:25 p.m. will halt market-wide trading for 15 minutes, while a similar market decline “at or after” 3:25 p.m. will not halt market-wide trading. A market decline that triggers a Level 3 circuit breaker, at any time during the trading day, will halt market-wide trading for the remainder of the trading day.

 

Wed, 07/08/2015 - 13:16 | 6285883 Thisisbullishright
Thisisbullishright's picture

Here comes the afternoon melt up out of nowhere!!

Should be green by the end of the day.....the new normal!

 

Wed, 07/08/2015 - 13:17 | 6285885 Thisisbullishright
Thisisbullishright's picture

Here comes the afternoon melt up out of nowhere!!

Should be green by the end of the day.....the new normal!

 

Wed, 07/08/2015 - 13:21 | 6285889 bankonzhongguo
bankonzhongguo's picture

Cashed out in the nick of time.

Long Nuka-Cola bottle-caps.

Let this be a lesson for the kids.

How do you operate WITHOUT computers and connectivity?

What becomes valuable once the system shuts/slows down?

Russia. Greece. Europe. China. US.

Musical chairs and the music stopped.

Wed, 07/08/2015 - 13:20 | 6285892 Sid James
Sid James's picture

New York Stock Exchange, United Airlines and the Wall Street Journal suffer huge tech crashes.

The Department of Homeland Security has also issued a statement about the shutdown, saying there is currently 'no sign of malicious activity'. 

Wed, 07/08/2015 - 13:23 | 6285923 JohnGaltsChild
JohnGaltsChild's picture

Now who in the heck woke them up?

Wed, 07/08/2015 - 13:21 | 6285909 JoeTurner
JoeTurner's picture

I'll give odds that by 5pm today the story switches drastically to "massive cyber attack knocks out key financial markets in U.S., Obama consults with Pentagon on options"...

Wed, 07/08/2015 - 13:31 | 6285990 Chuck Knoblauch
Chuck Knoblauch's picture

I'm afraid, hold me?

Wed, 07/08/2015 - 13:50 | 6286112 SystemOfaDrown
SystemOfaDrown's picture

By 5pm today the story will switch to: Hillary roping off more reports.

Wed, 07/08/2015 - 13:21 | 6285911 Truly Inspiration
Truly Inspiration's picture

First China, now US stockage? Sounds like a financial war in the background

Wed, 07/08/2015 - 13:26 | 6285913 BullyBearish
BullyBearish's picture

This $hit's getting REAL applies to "This $hit's getting real"...it's about time

 

An attempted "confidence rally" just around the corner, courtesy of FOMC

Wed, 07/08/2015 - 13:26 | 6285946 sheikurbootie
sheikurbootie's picture

I've been trading stocks since 1979.  I stopped trading in 2005 and even cashed out my 401k's, paid the IRS penalty.  It's absolutely insane to own ANY stocks today.

Wed, 07/08/2015 - 13:32 | 6285994 agstacks
agstacks's picture

"Sell everything!"

"I'm sorry, Dave. I'm afraid I can't do that." 

Wed, 07/08/2015 - 13:34 | 6286017 bobdog54
bobdog54's picture

Not a cyber attack as such, just an order from the Fed to shut'r down so they have time to gin up the market after China and Japan collapse.

Wed, 07/08/2015 - 13:38 | 6286037 youngman
youngman's picture

This is an embarrasing moment for the USA....remember its all about faith....when you lose that faith..you have lost it all....but this is how it will end...things will just shut down and not work...so if your wealth is in electrons somewhere...this should be a lesson to you...

Wed, 07/08/2015 - 13:39 | 6286047 Ban KKiller
Ban KKiller's picture

Bong hits all around. Free market, indeed. 

Wed, 07/08/2015 - 13:40 | 6286056 vulcanraven
vulcanraven's picture

Welcome to the FreeFALL market

Wed, 07/08/2015 - 13:42 | 6286069 bid the soldier...
bid the soldiers shoot's picture

Well, everybody's been talking about the next 'false flag'.

The sub-head mentions China....

 

Face it, your money has been in Uranus since '09.

Wed, 07/08/2015 - 13:44 | 6286083 Billy Shears
Billy Shears's picture

You know, the first casualty of war IS the truth, right?

Wed, 07/08/2015 - 13:51 | 6286117 Winston Smith 2009
Winston Smith 2009's picture

The "software glitch," also known as "how to halt trading without the panic-inducing effect of admitting to intentionally doing it."

Wed, 07/08/2015 - 13:52 | 6286128 Dathedr
Dathedr's picture

And that, folks, is going to happen pretty soon: Murican authorities, on the order of bankster crime syndicate, will shut down  all their rigged trading platforms and thus trap the herd of stupid mammals doing business there. Those mammals are going to lose everything they have invested in those paper scam "instruments." But that probably then means we are very close to some major event like lack of physical gold and silver which will render gold and silver price suppression crime done.

Wed, 07/08/2015 - 15:30 | 6286175 Dathedr
Dathedr's picture

And that also means that crime syndicate is close to its death, as gold and silver suppression mechanism no longer working, it will blow off all those trillions in derivatives banksters' cabal have build around it to control the price. And those many trillions will be a big enough event to push the next derivatives' domino falling, which will make every crime center, or a bank, in the so-called West officially dead! Perhaps we might start celebrating soon. Anglozionist Empire is running out of the time, together with its vast number of crimes, frauds, deceits, scams, transgressions, violations and every possible sort of corruption. :)

Wed, 07/08/2015 - 13:53 | 6286142 SquashedOlives
SquashedOlives's picture

The Fed releases its minutes @ 2pm est. Maybe they needed a confidence boost - suspend trading and wait for the fed to tell them everything is perfect! Que the song.

Wed, 07/08/2015 - 13:56 | 6286155 jay28elle
jay28elle's picture

dup

Wed, 07/08/2015 - 13:57 | 6286156 jay28elle
jay28elle's picture

dup

Wed, 07/08/2015 - 13:55 | 6286157 jay28elle
jay28elle's picture

WH blames it on the market being racist or something.

Wed, 07/08/2015 - 13:56 | 6286163 SmittyinLA
SmittyinLA's picture

Prediction, it is/was ISIS.

Muslim employees, duh

Wed, 07/08/2015 - 13:58 | 6286174 jay28elle
jay28elle's picture

Nope'r, not while this party is in power.  Russia, or specifically Putin doing the attacks.

Wed, 07/08/2015 - 13:59 | 6286185 moneybots
moneybots's picture

"new software caused problems soon after trading began on Wednesday and the exchange decided to shut down trading all together to fix the problem."

 

Picked a bad day to stop sniffing software.

Wed, 07/08/2015 - 13:59 | 6286189 farmboy
farmboy's picture

Pull out the Dow 5000 hats.

Wed, 07/08/2015 - 14:00 | 6286194 me or you
me or you's picture

Soon expect all your savings dissappear from your bank accounts 

Wed, 07/08/2015 - 14:02 | 6286210 Ms No
Ms No's picture

Have a friend at a bank who transfers money into investment accounts of some kind, sent a text saying "stock market crash is fucking up my day, nothing working" (not a very smart friend but you get the idea). 

Wed, 07/08/2015 - 14:03 | 6286214 y.detor
y.detor's picture

Dont worry be happy: Grexit is not going to affect China, USA or even EU....or is it??????

Greetings from Greece, who needs the markets anyway, we have our sun, sea and thousands of Greek islands...

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