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And The Market Breaks...

Tyler Durden's picture




 

Stocks are down hard, JPY momo is not working, nor is VIX... time to break something...

  • *NYSE ARCA SUSPENDS ROUTING TO CHICAGO STOCK EXCHANGE
  • *NYSE ARCA HAS DECLARED SELF-HELP AGAINST CHICAGO STOCK EXCHANGE

Source: NYSE Alerts

 

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Mon, 09/28/2015 - 13:51 | 6602614 Hippocratic Oaf
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Nothing to worry about

BTFD

Keep printing

All's well!

Mon, 09/28/2015 - 13:53 | 6602627 Cognitive Dissonance
Cognitive Dissonance's picture

Why doesn't this happen when markets are going up?

Mon, 09/28/2015 - 13:55 | 6602647 Viffer
Viffer's picture

PPT hit the switch.  Dow up +300 after this.

 

Mon, 09/28/2015 - 14:03 | 6602691 ThroxxOfVron
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Hey, for a minute there I thought I was in China where people talk shit and when that doesn't work they just turn the computers off.

Mon, 09/28/2015 - 14:05 | 6602701 camaro68ss
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Shit is bad when you got to bust the market every time it goes down 1.5%

Mon, 09/28/2015 - 14:18 | 6602762 Bastiat
Bastiat's picture

I used to declare "self-help" quite often as a young fella -- never went blind either.

Mon, 09/28/2015 - 14:23 | 6602797 coinhead
coinhead's picture

S&P breaking into teh 1870's!  Damn if feels good to be a short gangsta!

Mon, 09/28/2015 - 14:34 | 6602841 SickDollar
SickDollar's picture

I can see Yellen getting a heart attack

 

Mon, 09/28/2015 - 14:34 | 6602839 Tall Tom
Tall Tom's picture

And The Market Breaks...AGAIN.

 

FIFY Tyler.

Mon, 09/28/2015 - 14:07 | 6602712 Bemused Observer
Bemused Observer's picture

No, Dow headed below 15,000. Then all the little folks start to panic, because suddenly the losses (16,000's to 15,000's) are seen as in the thousands, even if it only took 50 points to get there...

Most people don't know or care about all the 'levels' Wall Street uses...they see what's right in front of their faces. When 6 becomes 5 it starts to look like REAL losses.

Mon, 09/28/2015 - 14:18 | 6602765 Viffer
Viffer's picture

Dang it .. markets are still falling.  Chewy told me he fixed the hyperdrive.

Mon, 09/28/2015 - 14:55 | 6602923 Sanity Bear
Sanity Bear's picture

going to the mat to keep that 16 handle

Mon, 09/28/2015 - 13:56 | 6602655 813kml
813kml's picture

Because gravity is only a problem on the way down.

Mon, 09/28/2015 - 13:57 | 6602660 Viffer
Viffer's picture

Its not the fall that hurts ... its the landing.

Mon, 09/28/2015 - 14:01 | 6602685 813kml
813kml's picture

They forgot to have the Pope stop by and bless NYSE while he was in town, feel the wrath of a vengeful God.

Mon, 09/28/2015 - 14:28 | 6602817 Countrybunkererd
Countrybunkererd's picture

God or god?  Catholics in my circles tend to think the NYSE group and this pope worship the same god, and God's vengence will be all encompasing.  (Just passing along what i've heard)

Mon, 09/28/2015 - 14:28 | 6602819 Pure Evil
Pure Evil's picture

He's too busy buggering little boys in Philly.

Mon, 09/28/2015 - 14:10 | 6602730 SILVERGEDDON
SILVERGEDDON's picture

Send in the hackers - they'll save the day. 

Mon, 09/28/2015 - 14:15 | 6602747 SILVERGEDDON
SILVERGEDDON's picture

Cognitive - even the biggest fucktard won't interfere with " honest bets paying off with honest profits ".

I always laugh at reality versus fantasy. Uhh - which one is our reality today ? 

Mon, 09/28/2015 - 14:30 | 6602825 MrSteve
MrSteve's picture

Market cap is a hideous fiction, making it appear or seem that markets have gone up.

Revelations re: German engineering and all the commodity and BRICS train wrecks are "capsizing" equity prices.

Calculating the value of an equity by multiplying the last price paid X number of shares outstanding is meaningless, but that's what they do. The Market Cap dollar volume assigned to an equity has never been put into the market, that total dollar value only exists as a construct in shareholders' minds. The fiction is revealed when there isn't enough "money" to satisfy the sellers, so the price has to keep dropping until an actual level of available money, when $$ supply equals demand, is reached. That's gotta be some bunch lower than where prices are now.

How can we go long "train wrecks"?  TRNRX?

 

Mon, 09/28/2015 - 13:57 | 6602656 slaughterer
slaughterer's picture

All futures caved when the routing broke.  There goes the bullish break theory.  

Mon, 09/28/2015 - 13:52 | 6602618 venturen
venturen's picture

Markets will be broken till morale improves

Mon, 09/28/2015 - 13:54 | 6602636 undertow1141
undertow1141's picture

and the beatings will continue as well....

Mon, 09/28/2015 - 13:58 | 6602665 ZerOhead
ZerOhead's picture

Workers will be beaten until GDP improves

Mon, 09/28/2015 - 14:31 | 6602827 Countrybunkererd
Countrybunkererd's picture

What workers?  Around these parts the traffic is busiest during NON rush hours, especially between 12:00-15:30.  The times 7:00-9:00 and 17:00-19:00 is the best time to travel.

Mon, 09/28/2015 - 14:00 | 6602675 sam i am
sam i am's picture

 

“About urgent measures to counter threats to the existence of Russia”

 

http://thesaker.is/sergey-glazyevs-report-about-urgent-measures-to-counter-threats-to-the-existence-of-russia/

Mon, 09/28/2015 - 14:19 | 6602775 ZerOhead
ZerOhead's picture

“THE US IS TRYING TO KEEP THE LEADERSHIP VIA INITIATION OF A WORLD WAR”

... if only the US was in control of the US

Mon, 09/28/2015 - 13:51 | 6602619 Pairadimes
Pairadimes's picture

I smell smoke...

Mon, 09/28/2015 - 13:58 | 6602668 813kml
813kml's picture

That's just carbon credits.

Mon, 09/28/2015 - 14:01 | 6602683 ZerOhead
ZerOhead's picture

I smell gasoline...

Mon, 09/28/2015 - 13:52 | 6602620 RopeADope
RopeADope's picture

I was wondering when this would happen. 1825 in the S&P was looking more and more likely this week without a quick bounce back above 1900.

Mon, 09/28/2015 - 13:54 | 6602629 BlueStreet
BlueStreet's picture

Where's Quant Boy to call the bottom...again?

Mon, 09/28/2015 - 14:12 | 6602736 SILVERGEDDON
SILVERGEDDON's picture

The botton doesn't get called until someone pops up to promote Shit Coin as a safe haven. 

Mon, 09/28/2015 - 14:21 | 6602784 r3ct1f13r
r3ct1f13r's picture

Lost coffee one that one. Funnny.

Mon, 09/28/2015 - 13:53 | 6602631 Glass Seagull
Glass Seagull's picture

 

 

Well, we sure fixed that.  Now all the selling HAS to stop.

Mon, 09/28/2015 - 13:58 | 6602667 arbwhore
arbwhore's picture

oops... the selling hasn't stopped.

Mon, 09/28/2015 - 14:14 | 6602744 zstard
zstard's picture

The new China syndrome

Mon, 09/28/2015 - 13:54 | 6602633 arbwhore
arbwhore's picture

If only there was a way to force everyone into this shit show. NIRP? Cash ban?

Mon, 09/28/2015 - 13:56 | 6602651 undertow1141
undertow1141's picture

Involuntary assest seizures rolled in to a new govt hedge fund called...  AIG (and its gone).

Mon, 09/28/2015 - 15:09 | 6602977 Countrybunkererd
Countrybunkererd's picture

The involuntary theft program will be quaintly titled: Voluntary Asset Protection & Oversight Re-investment...VAPOR.

Mon, 09/28/2015 - 13:55 | 6602643 saints51
saints51's picture

Eventually this will not work. They will need circuit breaker rules to trip markets. Then they will never come back on. That will be the day we will laugh our ass off calling everyone just to say "told ya so".

Mon, 09/28/2015 - 13:57 | 6602659 arbwhore
arbwhore's picture

Hopefully the phones will be working then.

Mon, 09/28/2015 - 13:59 | 6602673 saints51
saints51's picture

Sure they will until the power goes out for good. Likely 72 hours after power plants start to trip from no operators to operate.

Mon, 09/28/2015 - 13:55 | 6602644 wmbz
wmbz's picture

Iceberg... there is no iceberg!

Enjoy the music!

We got this under control. Capt. Jack Yellen

Mon, 09/28/2015 - 13:55 | 6602648 Whalley World
Whalley World's picture

Your circuits dead, there's something wrong
Can you hear me Major Tom?

Mon, 09/28/2015 - 13:55 | 6602649 Bill of Rights
Bill of Rights's picture

Ha ha ha ha Quick shutter down!!!

Mon, 09/28/2015 - 13:58 | 6602670 29.5 hours
29.5 hours's picture

.
.
.
"Self-help, which occurs when an exchange is dealing with internal problems processing trades and needs to send orders through alternate venues."

Route Chicago orders thru ZeroHedge. They will know what to do with them.

Mon, 09/28/2015 - 14:06 | 6602710 ThroxxOfVron
ThroxxOfVron's picture

Standard protocol aka 'the bizness'.

( unzips fly, takes the lid off the k-y and throws it out the window, tells retail muppet to 'grab yer ankles'.. )

Mon, 09/28/2015 - 14:16 | 6602752 venturen
venturen's picture

I believe they just switch order feeds from the actual market to the Federal Reserve....which is co-operated by Goldman & JP Morgan. I beleive the mortgage on the Federal Reserver is jointly owned by Goldman and JPM...they just use the building as a propaganda base. 

Mon, 09/28/2015 - 13:59 | 6602671 Dr. Engali
Dr. Engali's picture

"markets"...., Lol. They were broke long before today.

Mon, 09/28/2015 - 13:59 | 6602672 Mark Mywords
Mark Mywords's picture

Supremely bullish!

Mon, 09/28/2015 - 14:00 | 6602677 ZomBiEHiGH
ZomBiEHiGH's picture

Weird, everytime stawks fall it just "breaks". Seems normal to me, no manipulation here guise.

Mon, 09/28/2015 - 14:01 | 6602684 Omega_Man
Omega_Man's picture

quick unleash QE4eva

Mon, 09/28/2015 - 14:02 | 6602689 world_debt_slave
world_debt_slave's picture

it isn't even October yet

Mon, 09/28/2015 - 14:03 | 6602693 bigkahuna
bigkahuna's picture

The muppets are being skinned today.

Mon, 09/28/2015 - 15:17 | 6603013 Automatic Choke
Automatic Choke's picture

...do muppets taste like chicken?

Mon, 09/28/2015 - 14:03 | 6602696 offwirenews
offwirenews's picture

you better believe when they turn it back on...a miracle is going to happen

Mon, 09/28/2015 - 15:13 | 6602990 Countrybunkererd
Countrybunkererd's picture

again...until it doesn't. 

Mon, 09/28/2015 - 14:08 | 6602717 Arthur Schopenhauer
Arthur Schopenhauer's picture

Just exactly what is a self help declaration? Is that like refusing to pick up the soap?

Mon, 09/28/2015 - 14:18 | 6602748 ThroxxOfVron
ThroxxOfVron's picture

Imagine a spilled BONG.

WHO you gonna call?  

I know you are high as shit right now; but, you gotta act fast.

Do you hurry and put the rug is in the neighbor's trash can or call the Fire Dept. or ...

Mon, 09/28/2015 - 14:19 | 6602771 Zero-Hegemon
Zero-Hegemon's picture

Just blame it on the dog, the cat, a younger sibling...

Mon, 09/28/2015 - 14:24 | 6602799 ThroxxOfVron
ThroxxOfVron's picture

C'mon, man: the dog and cat never trip over the Bong or spill it.

Four legs, man..  Four.

I only got two legs, man: and these shoe laces just won't stay tied.

Mon, 09/28/2015 - 14:27 | 6602814 Zero-Hegemon
Zero-Hegemon's picture

And you would have gotten away with it if it weren't for THOSE DAMN MEDDLING KIDS!

Mon, 09/28/2015 - 14:12 | 6602738 o r c k
o r c k's picture

                  Bloomberg contributor calls Assad a terrorist for barrel bombs. Meanwhile regular bombs are praised.

Mon, 09/28/2015 - 14:18 | 6602763 ThroxxOfVron
ThroxxOfVron's picture

The quality of the propaganda corps in the US has seriously deteriorated.

I know it will be unpopular to say this; -but, I blame Affirmative Action.

Mon, 09/28/2015 - 14:22 | 6602793 Zero-Hegemon
Zero-Hegemon's picture

As of this morning, everything bad is clearly of Russian origin

Mon, 09/28/2015 - 14:20 | 6602781 RopeADope
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The Bush and Obama administrations were a real barrel of laughs. Does that make them terrorists then?

Mon, 09/28/2015 - 15:15 | 6603004 Countrybunkererd
Countrybunkererd's picture

Propaganda...it's all about the packaging.

Mon, 09/28/2015 - 14:18 | 6602768 venturen
venturen's picture

that is awesome...I couldn't get my game controller to work correctly...and how do you get the volume to make it extra fun

Mon, 09/28/2015 - 15:10 | 6602798 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

Just another day in the cyber warfare game. One more thing that could start WW III.

Yeah, they really should add surround sound and some deep bass on the big attacks.

Mon, 09/28/2015 - 14:24 | 6602803 r3ct1f13r
r3ct1f13r's picture

<blink blink>

Port 23? Telnet? Really?

Mon, 09/28/2015 - 14:35 | 6602840 wizteknet
wizteknet's picture

Someone hacked SPAIN... guess it was fixed hmm

Mon, 09/28/2015 - 14:17 | 6602759 Zero-Hegemon
Zero-Hegemon's picture

Don't stop, believin',

Hold on to your dreams, yeah, yeah

Mon, 09/28/2015 - 14:17 | 6602760 pazmaker
pazmaker's picture

This is it now...hang on!

Mon, 09/28/2015 - 14:17 | 6602761 The Indelicate ...
The Indelicate Genius's picture

does this mean another ZH article shitting on Apple because it's down... 1.68%?

Half as much as farcebook is down, HTC down about 5 - but it's Apple that is rotten to the core,

is that right?

lol.

Mon, 09/28/2015 - 14:18 | 6602766 Deflationist
Deflationist's picture

Feels like Shanghai market.

Mon, 09/28/2015 - 14:20 | 6602782 khnum
khnum's picture

Dow minus 300 divine intervention time

Mon, 09/28/2015 - 15:07 | 6602967 Helix6
Helix6's picture

The silver lining -- you're witnessing history.  This is the day when everyone knows that the gig is up.  The PPT may be able to cobble together one last bounce, but the game is up, and everyone knows it.

I'm predicting a very, very "interesting" week.

Mon, 09/28/2015 - 15:14 | 6602998 juicerp
juicerp's picture

How often does this happen?

Mon, 09/28/2015 - 15:15 | 6603003 Automatic Choke
Automatic Choke's picture

still waiting for PPT...where are those guys?  did they take a 3-day wknd?

 

Mon, 09/28/2015 - 15:21 | 6603023 Helix6
Helix6's picture

PPT is watching from the sidelines.  JPM and Goldman Sachs have evidently finished getting their shorts in place.

I can't wait to hear Yellen's next speech.  Sorry Janet.  Your watch. You're going down as the Herbert Hoover of this one.

Mon, 09/28/2015 - 15:22 | 6603044 Helix6
Helix6's picture

Speaking of timing, John Boehner's is flawless.  That dude knows when it's time to ride off into the sunset.

Mon, 09/28/2015 - 15:26 | 6603055 Automatic Choke
Automatic Choke's picture

(Janet's shorts not in place is a frightening concept, actually....)

Mon, 09/28/2015 - 15:30 | 6603076 Helix6
Helix6's picture

LOL! Now THERE's a mental image.  Not a pretty one, either.

Mon, 09/28/2015 - 15:28 | 6603063 Helix6
Helix6's picture

What I'm really looking forward to is when all the stops start getting hit.  I'm looking at about 15750 on the DOW for that.  I'm guessing Thursday...

Mon, 09/28/2015 - 15:40 | 6603127 wholy1
wholy1's picture
And The Market Breaks... [more rotten] WIND !
Mon, 09/28/2015 - 15:50 | 6603194 Winston Smith 2009
Winston Smith 2009's picture

"Please disperse, nothing to see here!"

http://i.imgur.com/MBlS7Wr.gif

Mon, 09/28/2015 - 16:00 | 6603286 mr bear
mr bear's picture

On Bloomberg Surveillance at about 830ET (?) this morning, hosts Tom Keene and Michael McKee were talking. At a lull in the conversation, Keene said something like, "Dow futures down 110," and looked to McKee for a response. McKee, apparently caught off-guard, mumbled, "Down 2.4% today." No further comment, cut to commercial.

I'm no conspiracy believer, but I watched today's action with some added curiosity.

The S&P has hovered between -2.25% and -2.45% from about 3:30ET to now, 3:58ET.

As the Zen Master said, we shall see.

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