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Another Market Breaks - Tokyo Stock Exchange Halts Derivative Trades
Earlier today the Spanish stock exchange was down for nearly 5 hours - the reason is unclear: perhaps as a form of precrime punishment to all those felons who would even consider selling stocks in the future. Now, the SkyNet self-awareness wave goes East just as Japan opens and takes down all Tokyo derivative trading:
- Tokyo Stock Exchange Stops Derivative Trades, Cites System Error - BBG
- Tokyo Stock Exchange Group stopped trading of Topix futures, JGB futures and options from around
9:20 a.m. because of a systems error. - Co. spokesman Naoya Takahashi spoke in phone interview
In the aftermath a series of events such as the FaceBook IPO collapse, Knight, IBEX, this was only logical and expected. Tomorrow, any stock market that even thinks of a red candle will be halted indefinitely.
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Defcon 2!
Tokyo, Tokyo. Come in Tokyo. over
Those damn sell 100 shares @ market will do that
Complex systems...not only do they create crises of technology. They create crises of civilizations.
This has happened over and over again throughout history. Welcome to your Easter Island years.
http://www.planbeconomics.com/2012/08/06/the-crisis-of-civilization/
"Hey, you, Hlystttersn. Go cut down that last tree"
"But Chief, then there will be no trees left"
"No sweat. Lloyd will provide"
Gotta bring in the Godzilla metaphor here.
Seems like Tokyo stock exchange computers aren't radiation hardened.
Expect mass evac of greater Tokyo anytime soon.
Oh, and TEPCO bigwigs left Tokyo right after Fuku blew:
http://enenews.com/tepco-officials-left-tokyo-headquarters-after-reactor...
Good stuff. Now I got this and the Rollover movie running on loop.
Seriously, excellent doco.
Dude, Rollover was the Shit!
That's the movie Paulson showed congress to scare them!!!
for real?
Anyways we are a sniff away from a massive liquidation trade, these markets now at these highs on almost no volume...won't take much to set it off, already the chaos events are piling up, now Chevron refinery has just been added to the list (an hr before the trading halt on Japanese markets).
also add Standard Chartered too the list of chaos/ syncontricity/causality market events
http://www.bbc.co.uk/news/business-19155577
the icing? Middle East
or China the US just decided to sucker punch China through Standard Chartered ala Iran laundring cash.
Shares just got decimated on European open.
China aint gonna take that lightly.
Chump666 Nuclear disaster did not stop this pump and you hope litle fire will do it :-)
market will go down when we all become bullish!
Or it's the Chinese hackers.
Thanks for great link........*****
I'll take"Why the retail investor has lost faith in the markets" for $1600, Alex.
That was funny.
The central banks of the world, namely the Federal Reserve, as it has control of the world's reserve currency, print too much money, and by doing so, fool the world into squandering savings and investment, as well as blowing money on spending and consumption because interest are are too low making it easier to consume and and not as rewarding to produce.
So I guess at this rate, the circuit-breakers won't even get triggered.
Short squeeze on Friday as Knight breaks down. Spain's market problem on Monday. Japan's market problems Monday night. Market shoots up today only to reverse right before close. Tomorrow might be the beginning of the last deflationary scare. Then they print print print and markets rise rise rise through election. The only problem is that markets will keep on rising as inflation sweeps over the world. This may be the real deal here. Endgame.
You can run....but you can't hide.
Nikkei UP! All good! Just shut all markets down for good and let them rise in perpetuity until the sheeple's money can't buy garbage scraps!
Here we go!
They know what is coming.
Like to know what's behind these "glitches," but one thing I know for certain is there are big problems behind the scenes being covered up. Anyone else dying to see what's being covered up continually? 'Bout time something broke and broke good.
There is no question about it.
What lies behind the curtain is nothing good. Nothing good at all.
Best guess is basically what Churchill said last week;
"Or does it mean the shadow banking system no longer trusts the
banks collateral in the repo market , and will not lend into it.
That would be the same as 2008/9.
Happy days are here again."
This basically is in line with the latest Fed Survey today out that US banks have tightened credit lines with Euro banks and one going on to say considerably tightened.
Of course had they never broke Libor......
It carrying on for a bit longer = the big banks still have some avenues of wealth yet to steal.
Perhaps, though they are running out of time quickly.
Bullish for Tulip Bulbs?
I hear ya loud and clear. It would literally "end the BS and PONZI" tomorrow, I would bet. The house of cards would not simply fall, would not simply "burst into flames", but I believe it is so bad it would DETONATE!
There is simply NO EXCUSE in the world for "glitches" to appear in these markets, and that the HFT's could and would be allowed to muck up the machines for fuck's sake.
Look at it this way: When all we had was slide rules and abaci, we did not have these kind of "glitches"!!! Simply put nobody is "accounting" anymore, and with computers to do the work it shines a light on the simple fact, things are FUCKED UP so the CRIMINALS can SCREW YOU AND ME and call it "Investing" instead of "confidence game" (illegal) or simply stealing or theft (also illegal).
With high speed computers, we should be catching the glitches. Simply put: this is the old conundrum of cops and "bringing a knife to a gun fight". "We have pistols, they gt rifles, we get rifles, they get mM-16s, we get M-16s, they get armor piercing rounds". Same for the SEC, the "fastest computing speed" should be that of the "cops" watching the whole GOD DAMN mess to make sure it is "fair". For all you assholes that think we need "no regulations" in the market place, you do GOD DAMMIT, NEED, TO KEEP IT FUCKING FAIR!!!!
Otherwise it is not a market: SO YOU STUPID FUCKS THAT THINK WE DO NOT NEED AN UPTICK RULE OR 2 SECOND DELAY OF TRADES< OR THAT YOU HAVE TO MAKE A BUY ON BIDS YOU MAKE CAN FUCK OFF AND SHOOT YOURSELF IN THE FUCKING HEAD!!!!!!!!!!!!!!
I WANT MY GOD DAMN MARKET BACK so I can INVEST in BUSINESSES, and so I don't have to deal with a criminal cabal to do fuckin' business!!!!!!!!!!!!!!!!!!!!!11
You want to invest in business. Fine. Start your own.
BTW, confidence games and stealing/theft are only illegal in areas that enforce a "rule of law". Iran and China, maybe.
There is no business or invest that will make money in this system.
What part of that do you not understand? Cost of money and the depreciating value in "money".
You are telling me to start a business in "this" shitstorm and economy of a market, and political environment? Taxes, Med Insurance, overhead that is currently "unknown". You need to understand that you are not as "all knowing" about somebody's life experience by one stupid post, and an overused witicism.
Get real, this will take a revolt, and you had better be ready to "stand".
"You want to invest in business. Fine. Start your own."
But just remember: you didn't build it.
P.S. Longtime lurker first time poster. Much love to ZH.
The future of stock markets:
Amish horse auction:
http://www.flickr.com/photos/mashuga/6729024007/
Enjoyed the collection of photos, great farms, great people!
http://www.flickr.com/photos/mashuga/page8/
Yep. The less dependent on "the system" the greater the chance of survival. Plus the Amish / Old Mennonite are a very 'closed/private' community which also increases their chances of survival.
Especially when you grow your own food and build your own houses "tis a gift to be simple"
and the people on that land before them were probably keeping warm with space heaters?
Sorry dude, but reality sometimes sucks. Tell you what: Wish in one hand and shit in the other and tell me which one fills up faster... Like I said, reality can suck ALOT!!,!
If wishes were horses, beggers would eat.
Great idiot, like I never heard that little piece of "wit" before". You must have an IQ approaching 60.
There are laws, and they don't follow them. SImple, and yes rality bites, I KNOW that moron!
Don't you want the markets back, or is this little status quo to your idiotic enjoyment?
wanker!
You're working under the assumption we ever had real markets in the first place. In an arena where winners and losers can be picked by the regulators and those in power there is not now, nor has there ever been a market. And as far as more regulation goes , they were always meant for people like you and me. They were never meant for the true criminals , those closest to the reigns of power. More regulation keeps out the competition and maintains the status quo. Were you paying attention to the Jamie Dimon hearings? The questioners were asking his opinion on the regulations. So the more regulation that you are begging for will just bring more of this nonsense not less. Out of the thousands pages of regulations there is only one we really need... bankruptcy.
Now go ahead use your extremely high IQ above 60 and your capital letters to berate me. I'm a big boy I can take it.
maybe we had something "more real"?
well, there was a time when we had specialists at their posts: people with capital taking personal and corporate respensibility for orderly markets
no, it wasn't perfect; it was periodic insanity (like it is s'posed to be, btw...?)
and people recorded their mortgages and trust deeds where they were s'posed to and when they were s'posed to and didn't "do what everybody else was doing" like a buncha fuking jr. H.S. children smoking in the boys' room
the blogger you're answering didn't repeal glass-stgl, nor replace it in an umitigated (still) disaster w/ the multi-000-page dodd/frankster for the bankster, which it seems you don't care for either (?) gonna vote 4 mittens?
sure things were gamey and gamed but not by fuking robots, ok, doc?
and people went to the slammer; even banksters! and by the fuking busload too!
so maybe there is a problem that we have "evolved" to a place where humans no longer matter, except rhetorically or for theatric or propwash MSM purposes; so when an 'everyman' wants something "back" which he can relate as an individual, not a corpo-fascist debt cog to pay the vig to vinny some can hear him, others apparently can't hear his voice
why not? it is not "really" unclear
b/c they want that corpo-fascist control & vig right vinnie, er... doc... ?
Everyman, Dude, IT"S A RIGGED GAME! It's a big fucking club and your not in it!
BTW, I think someone is trying to bring down the derivatives market before the NWO says to do. Russia,China forces maybe????
Sorry, not in this world
What lies behind the curtain is a black hole of debt sucking all liquidity into an event horizon of distrust.
Glitchez, bitchez.
I believe you were first with the bitchez!
i dont even know why fb's ipo collapse is hailed as a bad thing, i mean ok the launch was a clusterfuck but it was always destined to go down so it didnt really matter about the first days trading.
"System Error" is exactly right, just not in the way they meant.
Hory cow!
Oh no, it's GODZIRRA!!
System error = somebody is selling and nobody is buying.
troublesome when "investors" are only allowed to buy.
Quote from Rick Rule
"The idea that the Fed can pump liquidity through the banks to get the corporations to start spending again isn’t going to work. The reason for this is because the very set of circumstances that the Fed exacerbates, by adding more debt, is keeping the corporations from understanding. It’s the opposite of a virtuous circle. So these are very, very scary times. What they are able to do by adding this liquidity to the system is foment a series of small, but spectacular bubbles. Of course the other thing they are doing is furthering this war on savers. These are truly strange times."
I think that says it all
something the chairsatan himself may have seen a year ago as did others here
yep! this is why there has been no QEIII and you found someone to tell you why, too! good4you!
just b/c tyler has called it wrong for a year doesn't mean other people here don't understand wtf the banksters are seeing, ya know...
last year we were discussing this here, w/ the same "virtuous circle" bullshit, too, but that was before you came in from the porch
i guess somebody was paying attention tho! wowee! so he musta thought this up himself, huh...? L0L!!! well, good4him!
"Tokyo Stock Exchange Stops Derivative Trades, Cites System Error" - This is because not even computers can count as high as the derivatives market debt...
Did the accelerator get stuck on the floor mat again?
yes the small coincidences leading to the flush build.
Watching ASX200 (Australia index) HFTs going banana's.
It begins.
“We must make it clear to Mr Monti that we Germans will not shut down our democracy to pay Italian debts,” said Alexander Dobrindt, secretary-general of Bavaria’s Social Christians (CSU).
Soros 3 month call might have been right on the money. How convenient.
The problem is he has lied for so log. For instance when at Davos and he said gold was in a bubble only to find out a few months later he increased his gold holdings 20% or so. When they start telling the truth no one will listen. It is cya for them. See we told ya it was going to crash. The only problem is he is activly betting and pushing for it.
FUCK U DOLPHIN FUCK YOU WHALE
http://www.youtube.com/watch?v=E39WWj_RpBc
Just LOVE it!
Knight, Spain, and Japan are all victims of a super secret computer worm hell-bent on taking down the worlds corrupt markets.
One might recommend "Daemon" by Daniel Suarez. Damn good read. His new one about drones is now on the market. Can't wait.
You may be joking but that is exactly what this is starting to look like.
Iranian revenge for stuxnet.
Goldzilla bitchez.
Turn the trading on, Hal. I'm afraid I can't do that, Dave.
By the way the lame stream media brushed Fukushima under the rug , I didn't know Japan still existed.
THIS VIDEO FEED JUST IN!
http://www.youtube.com/watch?v=mYCBgSRNjk0
it's not sky net at all folks. and now that they know how to communicate with it i've been told "it's all good!" move along. move along...
Too many sell orders, sorry we'll reopen tomorrow
This is what happens when you make trading machines out of jap beer cans...
This is getting ridiculous.
Did you say ridicurous?
This gigantic ponzi appears to be coming apart at the seams.
Maybe the Fuku radiation is causing the Japanese algos to malfunction.
Where is Bin Corzine?
Bundling for Bama.
i wish we could link into the real time feed, this serf slow motion feed sucks...the bang is coming, may even have detonated...oh well, i'll guess they'll sell us the graphs when they're ready.
Excellent! Paging Phil Gramm to the Derivatives hot line!! Republicans want deregulation and are too stupid to understand it leads to increased risk. Worst thing possible in the finance sector. Hedge fund managers: four gone during 1 and 2H2012.
Japan is a bizarre country populated by scantily clad schoolgirls and ruled by dinosaurs judging from every Japanese film I have seen.
Has Godzilla run amok again?
I thought Japan futures were up earlier - did the market just implode or did they close it down before it did?
Fire breathing Dragons seen circling Japan.
Yeah, I read porno is the near the largest industry now in Japan although I forget if that is by volume, revenue or what. California has some "stiff" competition over there.
Liquidity cycle top......now.
Me smell a big market top.
Oh, fuck
Somewhere out there is a counterparty that cannot be trusted...
DUMBASS BERNANKE BLEW IT. If you want to play with paper you gotta print. Learn the game. Paper is not gold.
Can someone explain to a dummy like me why this stoppage is important? What might actually be going on?
This is strangely similar to the 'mysterious' fiber/internet outages in the Middle East. The ones that "could have been caused by an anchor".
The Machines are being spliced in. Soon we will truly have a GFS... (Global Financial System or Globalized Fiasco Scheme, pretty much the same thing)
If you do not eat enough fiber you get the runs.
Bush's fault?
What Market? There are only interventions....
Asian markets are about to blow apart.
"European Optimism lingers" ala Marketwatch...get of the crack guys, the sh*t just splattered off the fan.
I am going to go have a beer...Before they are $49.95 a piece.
haha yeah, well I'm sipping tequila.
If you run out of beer, i'll sell you a sixpack for 1 oz of Silver...
Maybe storage unit 4 fell over.
"Samurai Stock Exchange!"
No wonder the Japs can rack up debt exceeding 200+ % of GDP and enjoy 1% interest rates forever.
http://www.bloomberg.com/markets/rates-bonds/government-bonds/japan/
Basically, everyone there hates stocks, and the elders have enough saved in the Postal system to retire without earning a dime on their next egg.
Therefore, "Animal Spirits" will never wake up over there, regardless of how low rates go.
Japan needs to open up its immigration and allow some F12-punching speculative monkeys from Taiwan, China, Vietnam, etc. into that country to get the gambling spirit fired up among the sheep over there,
Maybe, then maybe Japan has a chance to emerge from its "superbear" stock market.
Fiat tsunami alert.
More deaths occur when the wave washes back out to sea.
Good! Leave it that way. The only good derivative trade is no derivative trade. Let them starve to death.
Is this the "horrible problems" Wozniak was talking about with cloud computing?
The funny thing about derivatives is that a lot of them will blow up the market if there is a big move up or down. It just doesn't matter what happens with so much leverage on both sides of the trade. The market has to maintain stasis in a growing pressure cooker. So one day you wake up and gold is at 20k an ounce or the DOW is at 1500. If someone loses, it all comes apart.
The Ginsu of Damocles hangs over the Tokyo Exchange....
Holidaze bitches.
"Tokyo Stock Exchange Stops Derivative Trades, Cites System Error - BBG'
the index declined big deal
Japan is not Atlantis.
Dark pools is a recommended read. Relevent to the current HFT err's.
There's too many plumbers duct taping the pipes...
"The yuan has probably become the weakest currency in Asia and I'm not sure whether it will stay at that level today as dollar buying from corporates could set in at any time," says a Shanghai-based foreign bank trader. Offshore, one-year USD/CNY NDFs are down at 6.4245/6.4275 from 6.4260/6.4290 late Monday."
China USD bids are in
*Macro fund USD buys seen almost across board.
Cue volatality and capped equity markets, we got our July meltup, now it's topped and ready to sell off. August is going to be a nasty month
OK, now who placed that sell order? You KNOW that we are not set up for that!
Weird Shit I keep saying! Who the hell junked me when I said this isn't PLANNED???????????
...To reset the system please press any key...
Hory Fuk; where is the !@$@!$$ any key!!!???
"Red Candle" - if Tyler just made an Anchorman reference to Brick he made my day. Thanks Tylers for all the good work, lost in a sea of MSM without ya.
THERE'S A PARTY IN MY PANTS!
http://www.youtube.com/watch?v=UnasA-l9xTE
i don't see anything too crazy (yet) in the FX stuff
in spite of all the knowing comments here, maybe it was just a technical glitch?
the cable goes down or the power goes off
the world does not end; we do not hafta re-invent morse code
scary chart? Japanese Yen (Globex) Weekly Commodity Futures Price Chart terrifying!
"In the aftermath a series of events such as the FaceBook IPO collapse, Knight, IBEX, this was only logical and expected. Tomorrow, any stock market that even thinks of a red candle will be halted indefinitely."
A form of price flooring. We know what eventually happens to price caps and floors. They get demolished when market forces (being temporary delayed and manipulated) eventually take force.