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Another Market Breaks - Tokyo Stock Exchange Halts Derivative Trades

Tyler Durden's picture




 

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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Mon, 08/06/2012 - 20:48 | 2683313 Silver_K-9
Silver_K-9's picture

Defcon 2!

Mon, 08/06/2012 - 21:08 | 2683366 SHEEPFUKKER
SHEEPFUKKER's picture

Tokyo, Tokyo. Come in Tokyo. over

Mon, 08/06/2012 - 21:13 | 2683379 max2205
max2205's picture

Those damn sell 100 shares @ market will do that

Mon, 08/06/2012 - 21:17 | 2683395 markmotive
markmotive's picture

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/

Mon, 08/06/2012 - 21:21 | 2683409 cossack55
cossack55's picture

"Hey, you, Hlystttersn. Go cut down that last tree"

"But Chief, then there will be no trees left"

"No sweat. Lloyd will provide"

Mon, 08/06/2012 - 21:44 | 2683474 Thomas
Thomas's picture

Gotta bring in the Godzilla metaphor here.

Mon, 08/06/2012 - 23:50 | 2683743 Ahmeexnal
Ahmeexnal's picture

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...

Mon, 08/06/2012 - 21:24 | 2683420 chump666
chump666's picture

Good stuff.  Now I got this and the Rollover movie running on loop.

Seriously, excellent doco.

Mon, 08/06/2012 - 21:47 | 2683484 Sofa King
Sofa King's picture

Dude, Rollover was the Shit!

That's the movie Paulson showed congress to scare them!!!

Tue, 08/07/2012 - 00:21 | 2683806 chump666
chump666's picture

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). 

 

Tue, 08/07/2012 - 00:59 | 2683871 chump666
chump666's picture

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

Tue, 08/07/2012 - 03:15 | 2683947 chump666
chump666's picture

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.

Tue, 08/07/2012 - 05:10 | 2684009 bluemaster
bluemaster's picture

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!

Tue, 08/07/2012 - 01:18 | 2683889 pd45
pd45's picture

Or it's the Chinese hackers.

Thu, 08/09/2012 - 15:26 | 2691929 fiatmasochist
fiatmasochist's picture

Thanks for great link........*****

Mon, 08/06/2012 - 21:11 | 2683375 AlaricBalth
AlaricBalth's picture

I'll take"Why the retail investor has lost faith in the markets" for $1600, Alex.

Mon, 08/06/2012 - 21:45 | 2683477 Thomas
Thomas's picture

That was funny.

Mon, 08/06/2012 - 22:30 | 2683563 TheSilverJournal
TheSilverJournal's picture

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. 

Mon, 08/06/2012 - 21:20 | 2683407 Unprepared
Unprepared's picture

So I guess at this rate, the circuit-breakers won't even get triggered.

Mon, 08/06/2012 - 22:04 | 2683511 TheSilverJournal
TheSilverJournal's picture

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.

Mon, 08/06/2012 - 21:24 | 2683422 Gringo Viejo
Gringo Viejo's picture

You can run....but you can't hide.

Mon, 08/06/2012 - 22:16 | 2683530 vast-dom
vast-dom's picture

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!

Mon, 08/06/2012 - 20:49 | 2683316 Jlmadyson
Jlmadyson's picture

Here we go!

 

They know what is coming.

Mon, 08/06/2012 - 20:50 | 2683320 mick68
mick68's picture

 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.

Mon, 08/06/2012 - 21:04 | 2683338 Jlmadyson
Jlmadyson's picture

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......

 

 

 

Mon, 08/06/2012 - 21:06 | 2683359 EscapeKey
EscapeKey's picture

It carrying on for a bit longer = the big banks still have some avenues of wealth yet to steal.

Mon, 08/06/2012 - 21:45 | 2683480 Jlmadyson
Jlmadyson's picture

Perhaps, though they are running out of time quickly.

Tue, 08/07/2012 - 01:25 | 2683900 Born-Again Bankster
Born-Again Bankster's picture

Bullish for Tulip Bulbs?

Mon, 08/06/2012 - 21:16 | 2683350 Everyman
Everyman's picture

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

Mon, 08/06/2012 - 21:27 | 2683429 cossack55
cossack55's picture

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.

Mon, 08/06/2012 - 22:07 | 2683514 Everyman
Everyman's picture

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".

Tue, 08/07/2012 - 03:41 | 2683970 dont say a word
dont say a word's picture

"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.

 

Mon, 08/06/2012 - 21:34 | 2683447 flacon
flacon's picture

The future of stock markets:

Amish horse auction:

http://www.flickr.com/photos/mashuga/6729024007/

Mon, 08/06/2012 - 22:04 | 2683509 hardcleareye
hardcleareye's picture

Enjoyed the collection of photos, great farms, great people!

http://www.flickr.com/photos/mashuga/page8/

Mon, 08/06/2012 - 23:12 | 2683653 flacon
flacon's picture

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. 

Mon, 08/06/2012 - 23:45 | 2683737 dbomb12
dbomb12's picture

Especially when you grow your own food and build your own houses "tis a gift to be simple"

Tue, 08/07/2012 - 00:17 | 2683799 slewie the pi-rat
slewie the pi-rat's picture

and the people on that land before them were probably keeping warm with space heaters?

Mon, 08/06/2012 - 21:38 | 2683457 WAMO556
WAMO556's picture

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!!,!

Mon, 08/06/2012 - 21:52 | 2683495 Dead Canary
Dead Canary's picture

If wishes were horses, beggers would eat.

Mon, 08/06/2012 - 22:04 | 2683507 Everyman
Everyman's picture

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!

Mon, 08/06/2012 - 23:01 | 2683532 Dr. Engali
Dr. Engali's picture

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.

Tue, 08/07/2012 - 00:47 | 2683850 slewie the pi-rat
slewie the pi-rat's picture

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...  ? 

Mon, 08/06/2012 - 22:25 | 2683543 Alpacanio
Alpacanio's picture

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????

Mon, 08/06/2012 - 23:41 | 2683723 dbomb12
dbomb12's picture

Sorry, not in this world

Mon, 08/06/2012 - 21:13 | 2683380 AurorusBorealus
AurorusBorealus's picture

What lies behind the curtain is a black hole of debt sucking all liquidity into an event horizon of distrust.

Mon, 08/06/2012 - 21:14 | 2683388 Aguadulce
Aguadulce's picture

Glitchez, bitchez.

Mon, 08/06/2012 - 21:17 | 2683396 Everyman
Everyman's picture

I believe you were first with the bitchez!

Mon, 08/06/2012 - 20:50 | 2683322 Neethgie
Neethgie's picture

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.

Mon, 08/06/2012 - 20:50 | 2683323 Amish Hacker
Amish Hacker's picture

"System Error" is exactly right, just not in the way they meant.

Mon, 08/06/2012 - 20:52 | 2683326 TrainWreck1
TrainWreck1's picture

Hory cow!

Mon, 08/06/2012 - 21:40 | 2683460 RacerX
RacerX's picture

Oh no, it's GODZIRRA!!

Mon, 08/06/2012 - 20:53 | 2683328 Dr. Engali
Dr. Engali's picture

System error = somebody is selling and nobody is buying.

Mon, 08/06/2012 - 21:08 | 2683363 g speed
g speed's picture

 troublesome when "investors" are only allowed to buy.

Mon, 08/06/2012 - 23:49 | 2683745 dbomb12
dbomb12's picture

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

Tue, 08/07/2012 - 01:09 | 2683880 slewie the pi-rat
slewie the pi-rat's picture

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!

Mon, 08/06/2012 - 20:54 | 2683335 brockhardman
brockhardman's picture

"Tokyo Stock Exchange Stops Derivative Trades, Cites System Error"   -  This is because not even computers can count as high as the derivatives market debt...

Mon, 08/06/2012 - 22:41 | 2683588 Mr. Lucky
Mr. Lucky's picture

Did the accelerator get stuck on the floor mat again?

Mon, 08/06/2012 - 20:59 | 2683348 chump666
chump666's picture

yes the small coincidences leading to the flush build.

Watching ASX200 (Australia index)  HFTs going banana's.

It begins.

 

Mon, 08/06/2012 - 21:06 | 2683360 Jlmadyson
Jlmadyson's picture

Soros 3 month call might have been right on the money. How convenient.

Mon, 08/06/2012 - 21:16 | 2683393 surf0766
surf0766's picture

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.

Mon, 08/06/2012 - 21:06 | 2683361 Neethgie
Neethgie's picture

FUCK U DOLPHIN FUCK YOU WHALE

Mon, 08/06/2012 - 21:14 | 2683385 Everyman
Mon, 08/06/2012 - 21:08 | 2683364 Curt W
Curt W's picture

Knight, Spain, and Japan are all victims of a super secret computer worm hell-bent on taking down the worlds corrupt markets.

Mon, 08/06/2012 - 21:31 | 2683436 cossack55
cossack55's picture

One might recommend "Daemon" by Daniel Suarez.  Damn good read.  His new one about drones is now on the market.  Can't wait. 

Mon, 08/06/2012 - 22:24 | 2683550 Missiondweller
Missiondweller's picture

You may be joking but that is exactly what this is starting to look like.

Iranian revenge for stuxnet.

Mon, 08/06/2012 - 21:10 | 2683372 TN Jed
TN Jed's picture

Goldzilla bitchez.

Mon, 08/06/2012 - 21:10 | 2683373 ZippyDooDah
ZippyDooDah's picture

Turn the trading on, Hal. I'm afraid I can't do that, Dave.

Mon, 08/06/2012 - 21:12 | 2683376 Dr. Engali
Dr. Engali's picture

By the way the lame stream media brushed Fukushima under the rug , I didn't know Japan still existed.

Mon, 08/06/2012 - 21:13 | 2683382 disabledvet
disabledvet's picture

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...

Mon, 08/06/2012 - 21:15 | 2683386 max2205
max2205's picture

Too many sell orders, sorry we'll reopen tomorrow

Mon, 08/06/2012 - 21:15 | 2683390 francis_sawyer
francis_sawyer's picture

This is what happens when you make trading machines out of jap beer cans...

Mon, 08/06/2012 - 21:16 | 2683394 balz
balz's picture

This is getting ridiculous.

Mon, 08/06/2012 - 21:32 | 2683437 cossack55
cossack55's picture

Did you say ridicurous?

Mon, 08/06/2012 - 21:18 | 2683400 GrinandBearit
GrinandBearit's picture

This gigantic ponzi appears to be coming apart at the seams.

Maybe the Fuku radiation is causing the Japanese algos to malfunction.

Mon, 08/06/2012 - 21:22 | 2683412 petolo
petolo's picture

Where is Bin Corzine?

Mon, 08/06/2012 - 21:33 | 2683440 cossack55
cossack55's picture

Bundling for Bama.

Mon, 08/06/2012 - 21:22 | 2683413 emersonreturn
emersonreturn's picture

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.

Mon, 08/06/2012 - 21:22 | 2683414 Heroic Couplet
Heroic Couplet's picture

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.

Mon, 08/06/2012 - 21:23 | 2683418 tawse57
tawse57's picture

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?

Mon, 08/06/2012 - 21:29 | 2683433 1fortheroad
1fortheroad's picture

Fire breathing Dragons seen circling Japan.

Mon, 08/06/2012 - 22:56 | 2683627 Arnold Ziffel
Arnold Ziffel's picture

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.

Mon, 08/06/2012 - 21:24 | 2683419 virgilcaine
virgilcaine's picture

Liquidity cycle top......now.

Mon, 08/06/2012 - 21:25 | 2683423 pleseus
pleseus's picture

Me smell a big market top.

Mon, 08/06/2012 - 21:26 | 2683424 Spigot
Spigot's picture

Oh, fuck

Mon, 08/06/2012 - 21:38 | 2683430 Quinvarius
Quinvarius's picture

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.

Mon, 08/06/2012 - 21:32 | 2683438 tawse57
tawse57's picture

Can someone explain to a dummy like me why this stoppage is important? What might actually be going on?

 

Mon, 08/06/2012 - 21:33 | 2683439 poor fella
poor fella's picture

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)

 

 

Mon, 08/06/2012 - 21:48 | 2683487 tawse57
tawse57's picture

If you do not eat enough fiber you get the runs.

Mon, 08/06/2012 - 21:33 | 2683443 bob_dabolina
bob_dabolina's picture

Bush's fault?

Mon, 08/06/2012 - 21:34 | 2683445 TooBearish
TooBearish's picture

What Market? There are only interventions....

Mon, 08/06/2012 - 21:35 | 2683446 chump666
chump666's picture

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.

Mon, 08/06/2012 - 21:41 | 2683464 Quinvarius
Quinvarius's picture

I am going to go have a beer...Before they are $49.95 a piece.

Mon, 08/06/2012 - 21:52 | 2683499 chump666
chump666's picture

haha yeah, well I'm sipping tequila.

 

Mon, 08/06/2012 - 22:36 | 2683578 Alpacanio
Alpacanio's picture

If you run out of beer, i'll sell you a sixpack for 1 oz of Silver...

Mon, 08/06/2012 - 21:35 | 2683450 q99x2
q99x2's picture

Maybe storage unit 4 fell over.

Mon, 08/06/2012 - 21:38 | 2683453 Ineverslice
Ineverslice's picture

 

"Samurai Stock Exchange!"

Mon, 08/06/2012 - 21:39 | 2683455 RobotTrader
RobotTrader's picture

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.

 

 

Mon, 08/06/2012 - 21:47 | 2683465 Wakanda
Wakanda's picture

Fiat tsunami alert.

More deaths occur when the wave washes back out to sea.

Mon, 08/06/2012 - 21:43 | 2683470 FieldingMellish
FieldingMellish's picture

Good! Leave it that way. The only good derivative trade is no derivative trade. Let them starve to death.

Mon, 08/06/2012 - 21:44 | 2683472 FLUSA.com
FLUSA.com's picture

Is this the "horrible problems" Wozniak was talking about with cloud computing?

Mon, 08/06/2012 - 21:52 | 2683498 Quinvarius
Quinvarius's picture

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.

Mon, 08/06/2012 - 22:03 | 2683506 TrainWreck1
TrainWreck1's picture

The Ginsu of Damocles hangs over the Tokyo Exchange....

 

 

Mon, 08/06/2012 - 22:08 | 2683516 Tunga
Tunga's picture

Holidaze bitches.

 

Mon, 08/06/2012 - 22:09 | 2683518 tony bonn
tony bonn's picture

"Tokyo Stock Exchange Stops Derivative Trades, Cites System Error - BBG'

the index declined big deal

Mon, 08/06/2012 - 22:12 | 2683523 Tunga
Tunga's picture

Japan is not Atlantis.

 

Mon, 08/06/2012 - 22:16 | 2683531 Fast Twitch
Fast Twitch's picture

Dark pools is a recommended read. Relevent to the current HFT err's.
There's too many plumbers duct taping the pipes...

Mon, 08/06/2012 - 22:35 | 2683573 chump666
chump666's picture

"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

 

Tue, 08/07/2012 - 02:09 | 2683920 chump666
chump666's picture

*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

Mon, 08/06/2012 - 23:36 | 2683717 Pancho Villa
Pancho Villa's picture

OK, now who placed that sell order? You KNOW that we are not set up for that!

Mon, 08/06/2012 - 23:42 | 2683728 Michelle
Michelle's picture

Weird Shit I keep saying! Who the hell junked me when I said this isn't PLANNED???????????

Mon, 08/06/2012 - 23:44 | 2683735 IronShield
IronShield's picture

...To reset the system please press any key...

Hory Fuk; where is the !@$@!$$ any key!!!???

Tue, 08/07/2012 - 00:01 | 2683769 goldencrumbs
goldencrumbs's picture

"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

Tue, 08/07/2012 - 01:35 | 2683909 slewie the pi-rat
slewie the pi-rat's picture

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!

Tue, 08/07/2012 - 08:25 | 2684142 sessinpo
sessinpo's picture

"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.

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