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And.... GLOBEX Down

Tyler Durden's picture





 

The market, sleeves rolled up high, prepares to follow the president on vacation.

 


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Thu, 08/18/2011 - 09:41 | Link to Comment BaBaBouy
BaBaBouy's picture

RUN To GOLD

Thu, 08/18/2011 - 09:46 | Link to Comment RemiG2010
RemiG2010's picture

Gold is rising too much too fast, although my six month target is 2.1k/oz

Thu, 08/18/2011 - 09:48 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Gold is following this chart. Repeating History is a bitch.

Thu, 08/18/2011 - 09:54 | Link to Comment franzpick
franzpick's picture

No, gold is following this chart, with a target of $1950, up 20% along with the 20% increase in the debt ceiling from 14.3T to 17T:

http://www.zerohedge.com/article/gold-rise-143-trillion-us-debt-limit-increase-%E2%80%93-bloomberg-chart-day

Thu, 08/18/2011 - 10:04 | Link to Comment PulauHantu29
PulauHantu29's picture

but...but...but, you can't eat gold.....

Thu, 08/18/2011 - 09:49 | Link to Comment SheepDog-One
SheepDog-One's picture

No, the money printing is going too far too fast, if anything gold should be double where it is right now.

Thu, 08/18/2011 - 10:01 | Link to Comment cowdiddly
cowdiddly's picture

Ding ding ding we have a winner. Gold is not in a bubble, it is just reacting to the BUBBLE IN DOLLARS. Its actually lagging a bit. Free ride to 3200.(Sounds like a lot but its only 45% from here) just on the amount of money already printed,after that ? If hyperinflation becomes reality then disregard as prices will become almost unimaginable. 

Thu, 08/18/2011 - 09:51 | Link to Comment fuu
fuu's picture

On the other side of that coin is the dollar is falling too much too fast.

Thu, 08/18/2011 - 09:54 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Physical: It's never down.

Thu, 08/18/2011 - 09:57 | Link to Comment Hulk
Hulk's picture

If you think  it is rising too fast, then you don't understand the magnitude of the situation we face... You ain't seen nothing yet...

Thu, 08/18/2011 - 10:09 | Link to Comment RemiG2010
RemiG2010's picture

I can asure you I do especially when it comes to bond market. What do you think Biden is doing in China right now? Playing ping-pong with Hu?

Thu, 08/18/2011 - 09:42 | Link to Comment SirIssacNewton
SirIssacNewton's picture

Government knows just when they want to pull the plug..... BART certainly did..... Eygpt certainly did...

Thu, 08/18/2011 - 09:42 | Link to Comment AngryGerman
AngryGerman's picture

is this not good? when trading stops, markets cannot crash anymore

Thu, 08/18/2011 - 09:43 | Link to Comment WineSorbet
WineSorbet's picture

I hope this was sarcasm

Thu, 08/18/2011 - 09:46 | Link to Comment AngryGerman
AngryGerman's picture

no, when the president is not in da house, nobody is allowed in da house

Thu, 08/18/2011 - 09:50 | Link to Comment SheepDog-One
SheepDog-One's picture

In space, no one can hear you scream.

Thu, 08/18/2011 - 09:42 | Link to Comment Michael Victory
Michael Victory's picture

Thu, 08/18/2011 - 09:42 | Link to Comment lolmao500
lolmao500's picture

That's gonna piss off people.

Thu, 08/18/2011 - 09:46 | Link to Comment Zymurguy
Zymurguy's picture

I'm gonna stick me finger up its bum, that'll really piss 'em off!

Thu, 08/18/2011 - 09:43 | Link to Comment disabledvet
disabledvet's picture

It's only thursday. 2008...i mean 2011. My bad.

Thu, 08/18/2011 - 09:50 | Link to Comment Stoploss
Stoploss's picture

Watch RUT, once it breaks the weekly 200 day, it's over.

Thu, 08/18/2011 - 10:14 | Link to Comment bonderøven-farm ass
Thu, 08/18/2011 - 10:16 | Link to Comment Stoploss
Stoploss's picture

http://stockcharts.com/h-sc/ui

 

Nothing like a visual.

Thu, 08/18/2011 - 09:44 | Link to Comment Quintus
Quintus's picture

This is happening so regularly now it's not even funny.

Down Day = 50% probability that at least one exchange will break.  Up Day = 0% probability.

Thu, 08/18/2011 - 09:53 | Link to Comment pods
pods's picture

That is easy to explain.  Up days have little volume, down days heavy volume.

pods

Thu, 08/18/2011 - 09:44 | Link to Comment Instant Wealth
Instant Wealth's picture

... and tomorrow is FRIDAY.

 

Perfect.

Thu, 08/18/2011 - 09:44 | Link to Comment digalert
digalert's picture

All hands man your battle stations!

Arm the torpedos!

DIVE DIVE DIVE

Thu, 08/18/2011 - 09:44 | Link to Comment tekhneek
tekhneek's picture

AKA "We'd prefer to keep the price of gold and silver where they are, thank you very much."

Thu, 08/18/2011 - 09:45 | Link to Comment tinsmith
tinsmith's picture

all of this market chicanery is being orchestrated to ruin the prez vacation........ racists

Thu, 08/18/2011 - 09:55 | Link to Comment LFMayor
LFMayor's picture

FO Shizzle true dat!

Thu, 08/18/2011 - 09:46 | Link to Comment mfoste1
mfoste1's picture

"QUICK, QUICK! CHANGE THE PHILLY FED DATA!"

Thu, 08/18/2011 - 09:47 | Link to Comment kridkrid
kridkrid's picture

and that's not even real data.  Could you imagine...

Thu, 08/18/2011 - 09:46 | Link to Comment gunsmoke011
gunsmoke011's picture

If anyone remember the Low in 2003 - the exact same thing happened - GLOBEX went down - and they allowed the Big Contract to continue trading. The theives ran the S&P up about 30 handles - left the little guys sucking wind - and the makret never looked back.

Thu, 08/18/2011 - 09:47 | Link to Comment fiftybagger
Thu, 08/18/2011 - 09:59 | Link to Comment dwdollar
dwdollar's picture

That's funny.  It would be even better if grandma and the adults walked away not knowing what happened (more realistic).

Thu, 08/18/2011 - 09:47 | Link to Comment Comay Mierda
Comay Mierda's picture

the paper game is the fool's game.  All true wealth comes from the ground.  gold, silver, land, oil, food,...

Thu, 08/18/2011 - 09:47 | Link to Comment Farmer Brown
Farmer Brown's picture

Wow - the markets tanking and Obama hasn't even opened his mouth yet.  Just wait 'till he does.

Thu, 08/18/2011 - 09:47 | Link to Comment AngryGerman
AngryGerman's picture

obama does the only reasonable thing: much easier to defend yourself in the countryside than in the capital

Thu, 08/18/2011 - 10:07 | Link to Comment chunga
chunga's picture

Here's hoping his entourage remembered to forget the insect repellent. Almost everyone on "The Vineyard" has Lyme Disease. (That was rotten - wasn't it?)

Thu, 08/18/2011 - 09:48 | Link to Comment monopoly
monopoly's picture

And so it begins, again. Obama has to cancel his vacation. This is absurd.

Thu, 08/18/2011 - 09:48 | Link to Comment Boilermaker
Boilermaker's picture

REITs and Financials have been stick saved from further losses.  Wonderful.

Thu, 08/18/2011 - 09:48 | Link to Comment bam_son
bam_son's picture

This is an IB problem.  Globex is fine. I'm looking at it right now.

Thu, 08/18/2011 - 09:49 | Link to Comment AngryGerman
AngryGerman's picture

you probably look at some flash video

Thu, 08/18/2011 - 09:48 | Link to Comment Zymurguy
Zymurguy's picture

Paging captain The Bernank!

Please report to the helipad.

FedCopter One is loaded with cash, fueled up with Syrian gas and ready to depart.

You can begin dumping cash on the markets at will.

Good luck Ben, we're all counting on you!

Thu, 08/18/2011 - 09:49 | Link to Comment Flounder
Flounder's picture

"an unnamed bank tapped the European Central Bank's emergency liquidity fund for $500 million overnight"

I first read about this from TD on ZH yesterday.  And today its breaking news.

http://www.chicagotribune.com/business/breaking/chi-wall-street-20110818...

 

Thu, 08/18/2011 - 09:49 | Link to Comment --Freedom--
--Freedom--'s picture

Even Cramer just said to take your money out of soc gen.
Does that mean I should go long soc gen?

Thu, 08/18/2011 - 09:50 | Link to Comment AngryGerman
AngryGerman's picture

yep, 100% long in GLE(E)!

Thu, 08/18/2011 - 09:49 | Link to Comment Paper CRUSHer
Paper CRUSHer's picture

Meanwhile, ya certainly gotta hand it to ol' Cnbc for this very important newsflash:

OBAMA:THE SYRIAN PRESIDENT NEEDS TO STEP DOWN!

....jus' regurgitated some popcorn.

Thu, 08/18/2011 - 09:52 | Link to Comment LeBalance
LeBalance's picture

the only thing that we contribute to the wealth of the world and what we exchange for wealth that we possess is our energy, our thought, sweat, etc.

we in turn exchange that for material goods (which we don't take with us).

so all wealth is in the mind, it is not manifest, because that is all we take with us when we leave.

Thu, 08/18/2011 - 09:53 | Link to Comment AngryGerman
AngryGerman's picture

yeah, eat brain. yummy.

Thu, 08/18/2011 - 09:55 | Link to Comment kridkrid
kridkrid's picture

The meek shall enherit the earth...

But not its mineral rights.

Thu, 08/18/2011 - 09:55 | Link to Comment scatterbrains
scatterbrains's picture

next up,  the interenet is down, then....   "if you'd like to make a call please hang up the phone and try again.... urrnt....  urrnt.... urnnt... good luck getting a hold of your brokers bitches !!

Thu, 08/18/2011 - 09:58 | Link to Comment kridkrid
kridkrid's picture

Not yet.  Soon.  Not yet.

Thu, 08/18/2011 - 09:58 | Link to Comment Sequitur
Sequitur's picture

Cramer and some Eurozone lover screaming on CNBC. Is it Lehman? Is it not Lehman? Lawlz.

What's not funny - mom and pop "investors" continue to get crushed.

Thu, 08/18/2011 - 10:12 | Link to Comment cowdiddly
cowdiddly's picture

Until futher notice markets will open on Fridays between the hours of 3:15 and 4:00 eastern time due to technical difficulties. If you would like to place a buy order please use our Hot line 1-800-WER-STUK

Thu, 08/18/2011 - 10:13 | Link to Comment Caveman93
Caveman93's picture

B700db4th!!!!!

Thu, 08/18/2011 - 10:20 | Link to Comment Bobby Lee
Bobby Lee's picture

A typical ZH alarmist sensationalist headline. The Globex feed experienced several periods of maybe 3-4 seconds where it wasn't ticking. That does not constitute "down," especially if it was an IB problem.

Thu, 08/18/2011 - 10:21 | Link to Comment kridkrid
kridkrid's picture

meh... I would recommend you panic.  Choose whatever data point you would like, real or imaginary.

Thu, 08/18/2011 - 10:28 | Link to Comment Bobby Lee
Bobby Lee's picture

I think I'll base my panics on reliable information. One wonders how many here were actually watching a Globex feed when that happened.

Thu, 08/18/2011 - 10:59 | Link to Comment kridkrid
kridkrid's picture

There is no such thing as reliable information.  Time to panic.

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