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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 | 1572461 BaBaBouy
BaBaBouy's picture

RUN To GOLD

Thu, 08/18/2011 - 09:46 | 1572501 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 | 1572533 Long-John-Silver
Long-John-Silver's picture

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

Thu, 08/18/2011 - 09:54 | 1572572 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 | 1572631 PulauHantu29
PulauHantu29's picture

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

Thu, 08/18/2011 - 09:49 | 1572547 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 | 1572563 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 | 1572556 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 | 1572569 Cash_is_Trash
Cash_is_Trash's picture

Physical: It's never down.

Thu, 08/18/2011 - 09:57 | 1572584 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 | 1572679 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 | 1572474 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 | 1572477 AngryGerman
AngryGerman's picture

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

Thu, 08/18/2011 - 09:43 | 1572485 WineSorbet
WineSorbet's picture

I hope this was sarcasm

Thu, 08/18/2011 - 09:46 | 1572513 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 | 1572551 SheepDog-One
SheepDog-One's picture

In space, no one can hear you scream.

Thu, 08/18/2011 - 09:42 | 1572479 Michael Victory
Michael Victory's picture

Thu, 08/18/2011 - 09:42 | 1572480 lolmao500
lolmao500's picture

That's gonna piss off people.

Thu, 08/18/2011 - 09:46 | 1572510 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 | 1572486 disabledvet
disabledvet's picture

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

Thu, 08/18/2011 - 09:50 | 1572492 Stoploss
Stoploss's picture

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

Thu, 08/18/2011 - 10:14 | 1572725 bonderøven-farm ass
Thu, 08/18/2011 - 10:16 | 1572736 Stoploss
Stoploss's picture

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

 

Nothing like a visual.

Thu, 08/18/2011 - 09:44 | 1572494 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 | 1572562 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 | 1572496 Instant Wealth
Instant Wealth's picture

... and tomorrow is FRIDAY.

 

Perfect.

Thu, 08/18/2011 - 09:44 | 1572497 digalert
digalert's picture

All hands man your battle stations!

Arm the torpedos!

DIVE DIVE DIVE

Thu, 08/18/2011 - 09:44 | 1572498 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 | 1572502 tinsmith
tinsmith's picture

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

Thu, 08/18/2011 - 09:55 | 1572573 LFMayor
LFMayor's picture

FO Shizzle true dat!

Thu, 08/18/2011 - 09:46 | 1572509 mfoste1
mfoste1's picture

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

Thu, 08/18/2011 - 09:47 | 1572528 kridkrid
kridkrid's picture

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

Thu, 08/18/2011 - 09:46 | 1572518 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 | 1572521 fiftybagger
Thu, 08/18/2011 - 09:59 | 1572587 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 | 1572523 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 | 1572526 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 | 1572527 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 | 1572653 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 | 1572530 monopoly
monopoly's picture

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

Thu, 08/18/2011 - 09:48 | 1572532 Boilermaker
Boilermaker's picture

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

Thu, 08/18/2011 - 09:48 | 1572535 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 | 1572545 AngryGerman
AngryGerman's picture

you probably look at some flash video

Thu, 08/18/2011 - 09:48 | 1572536 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 | 1572543 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 | 1572544 --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 | 1572553 AngryGerman
AngryGerman's picture

yep, 100% long in GLE(E)!

Thu, 08/18/2011 - 09:49 | 1572549 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 | 1572561 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 | 1572567 AngryGerman
AngryGerman's picture

yeah, eat brain. yummy.

Thu, 08/18/2011 - 09:55 | 1572575 kridkrid
kridkrid's picture

The meek shall enherit the earth...

But not its mineral rights.

Thu, 08/18/2011 - 09:55 | 1572578 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 | 1572590 kridkrid
kridkrid's picture

Not yet.  Soon.  Not yet.

Thu, 08/18/2011 - 09:58 | 1572589 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 | 1572685 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 | 1572709 Caveman93
Caveman93's picture

B700db4th!!!!!

Thu, 08/18/2011 - 10:20 | 1572720 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 | 1572786 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 | 1572824 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 | 1573013 kridkrid
kridkrid's picture

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

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