Jefferies -20%, Halted, Unhalted, Halted, Unhalted As Market Seems To Have Found The Next MF

Tyler Durden's picture

UPDATE 4: Resumed Trading again

UPDATE 3: JEF halted again

UPDATE 2: JEF resumes trading, dead cat bounce

UPDATE: -20% now, halted

Presented without comment suffice to say that while everyone is focusing on Europe, the US may be about to have its second failed Primary Dealer in a week (and to note the cockroach reference from yesterday):

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DormRoom's picture

who isn't next?  They are all likely massively leveraged up on client's money.

kaiserhoff's picture

Carry trades finally blowing up.  Dominos anyone?

Cthonic's picture

LOL.  Perhaps it's time to change that last name to something like Freefallin.

GetZeeGold's picture



Would you like to play a game of tic-tac-toe?

Ancona's picture

No, I want to play Global Thermonuclear War.

jdelano's picture

not bad.  only took you about 50 posts to get a +1 out of a stingy bastard like me.

Vergeltung's picture

well played sir.



rosex229's picture

the 3rd bank to collapse from the euro debt crisis. how many more until lending freezes up.

it wasn't lehman, bear sterns, aig, or northern rock that began the 2008 collapse, but the combination and psychological effect of knowledge that a number of 'healthy' banks were failing. 

the only question is how many more before the tipping point is crossed...

Irish66's picture

they are a broker dealer..can you say holy moly

DormRoom's picture

I'm ignorant of banking.  But could they borrow more from repo to leverage up, by using client money, then depositing the money back into client's account @ midnight, when the sweeps occur?  Could they do this to leverage up more than they otherwise could? I don't how know anyone can trust bankers, if this is standard operating procedure in modern finance.



Snidley Whipsnae's picture

Any thread that excludes 'Greece' or 'Greek' can't be all bad... I give up... save me from more bs Euro headlines... pleeeze.

At last a respite.

YesWeKahn's picture

Isn't that Robo's darling stock?

kito's picture

all stocks are robos darlings

kaiserhoff's picture

au contraire, kind sir.  They are Robo's darlings the day AFTER they go up 10%.

Kyron95131's picture

what stock isn't dude?


screw that lil self appointed defender of the stutus quo AKA king douche chills



ParaZite's picture

LOL. Your Icon. I see what you did there... :D

lizzy36's picture

That's going to leave a mark.

Lord Maximus's picture

Where there's Smoke....There's MerKozy


russki standart's picture

Here is comes....more bailouts, more theft from the taxpayers. The too big to fail will fuck the too small to save, again.

RaymondKHessel's picture

But But Jefferies says they are no MF Global!

qussl3's picture

Is it time to panic yet?


Who's next?

My bet is on France.

fizz's picture

Oh boy. the domino's...they are a tipping

I am a Man I am Forty's picture

You don't want Egan-Jones talking shit about your company, very bad sign.

Temporalist's picture

"Despite an income of $4.6 billion, the company registered a net worth deficit of $6.0 billion, which was partly attributed to the $1.6 billion quarterly dividend payment owed to the Treasury." 


At least Timmay Geethner knows how to get his money back.

Snidley Whipsnae's picture

Jeff plan is to make it up on volumn...

MFL8240's picture

Yet these bastards are paying out 12 million in bonuses to the CEO's.  This country is out of control and Obama must get the hell out of our lifes.

Chump's picture

This country is out of control and Obama, along with the rest of our worthless government, must get the hell out of our lifes.




Socratic Dog's picture

I get so fucking sick of this petty partisan bullshit, when it's so clear that both sides are taking us down in concert.  I changed my registration to republican a few days ago (from 'undeclared" or something), so I can vote for Ron Paul in the primaries.  Yesterday I get an urgent mailing from the repubs, all covered in red stamps and shit, they're desperate for my opinion on a few vital issues.  Like "do you support Obama's decimation of military spending", or words to that effect.  Into the trash it went.  Yeah, I'd support it, IF it was fucking  true.  None of those assholes will ever consider cutting military spending, but they try to paint eachother as weak on "defence".  They all make me fucking sick, and so do the morons who still think in their terms of one being good and the other bad.  This truly is Nero, fiddling while the republic burns down around their ears.

Freddie's picture

...weak on "defence". 

Defence?  WTF - Obama wants to cut money to the RAF and Her Majesty's Navy?  Blimey.

kridkrid's picture

Yes... this country is out of control, but Obama has nothing to do with it.  He's a symbol provided to give some hope and others someone to blame.  He's neither and really no different from the narcissists who came before him.

the not so mighty maximiza's picture

will we have cascading failure?

Ignorance is bliss's picture

Another Commoditiy market maker bites the dust. I wonder what just hit the fan, and what will be the domino effect.

alexwest's picture

did they buy Greece 1 year bond yielding 150% too and only watched yield going to 200%?

hint: yeild is higher, price is lower .. :)



Dr. Engali's picture

Nice. Now if only the squiddy chart would follow suit. My puts would be sitting pretty.

radarsentinel's picture

Market selling off hard.  Need more RUMORS! Said in the style of SuddenDebt's avatar.


NOTW777's picture

dow and spx showing H & S

bdc63's picture

but ... but ... but ... they promised there woudn't be any contagion ...