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Morgan Stanley's ClientServ Is "Transitorily" Unavailable; Withdrawal Requests May Or May Not Have Surged
Update: it is now back online. Redemptions and liquidations shall proceed in an orderly, dignified manner please.
As Italy's bourse has demonstrated so very well over the past week, when the things go not quite as expected, just yank the power cord. Our own institutions appear to be learning. Today's example, Morgan Stanley ClientServ, which may or may not be inundated with redemption requests. One couldn't really know for sure...
h/t Back 9
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Bank run bitchez!!
Can you imagine how many imbalances there are going to be? Margin calls? People will be working all night.
ALL YOUR MONEY BELONGS TO US BITCHEZ!!!
Nearly. This one's a little closer:
All your money are belong to us - Zero Wing
This happens just before short selling becomes illegal..
New Presidents Get elected...
Except for naked shorting the gold/silver miners, that's always welcome!
"We are committed to providing first-class service and apologize for any inconvenience this may cause." LOL
After we dump our personal holdings we'll be happy to sell yours into a bidless dump, thank you for holding - we care about you, sort of.
"remember, we'll always be there for you - provided it's in our own best interest."
"After we dump our personal holdings we'll be happy to sell yours into a bidless dump, thank you for holding - we care about you, sort of."
That's the best
Probably some technical issue.
I want my MTV. Or money if you can.
OT - looks like GS just bot a bunch of itself. Suddenly different curve than other financials.
The storm gathers strength.
It's really just Dean Witter no matter what they call it.
LOL, remember those "My broker is EF Hutton, and EF Hutton says...."
"Merril Lynch is bullish on America"; that was my personal favorite. too bad they went bankrupt.
Etrade out the wazoo.. all the way.
"We make money the old fashioned way,..."
"We EMBEZZLE it."
Everyone remain calm.. there are plenty of FRN's coming for everyone..
Just wait a moment while we ring up our buddies at the FRN factory.
Guess those clients missed the memo:
'Sell in May and go away!'
No over-inflated fiat currency for you punk ass biatch Morgan Stanley customer.
No over-inflated stock for the punk ass bitch managers; the kids will be going to "that other prep school"; and the trophy wife is leaving.
The trophy wife will leave his ass for a techie.
They have now changed it:
You may experience a delay when you log into MorganStanley ClientServ. We are aware of the issue and are working to resolve it as quickly as possible. Client Service Representatives are available 24 hours a day, 7 days a week, and can be reached at 1 (888) 454-3965 or 1 (801) 617-9150 (collect calls accepted from overseas).
We are committed to providing first-class service and apologize for any inconvenience this may cause.
Circuit breakers off, sell this fucker!
And it's working again. No panic, move along. tomorrow TARP2 or QE3
Too bad. Getting rid of the grease and moving my mattress to Asia.
Oh yeah....massive withdrawals as seniors, investors, youngsters, ...anyone with a few bucks invested races out of this market into Hard Assets and Cash. This crash will destroy another handful of our valued seniors I'm afraid....sad stuff.
Submarine service looks really good on resumes now.
Oooops! I just stumbled across the plug. So now the peasants pile up against the door of the burning theater just after we got out and bolted the door shut. Thanks JP Morgue.
Stanley Morgan and Laurel Hardy have left for Cuba in a private jet filled with gold.
Adios, amigos. Your're on your own.
Warren Buffet is buying today, I guess he needs to average down haha
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), whose top three shareholdings declined by about $1.6 billion last week, disclosed its biggest quarterly purchase of equities in almost three years.
Berkshire bought $3.62 billion of stock in the three months ended June 30, the most since it spent $3.94 billion in the third quarter of 2008, the Omaha, Nebraska-based company said late Aug. 5 in a filing.
3 months ended June 30
Ha Ha. that's pretty interesting. Berkshire Hathaway; another fascinating story for the history books.
Flash crash coming in the last 10 minutes of trading today you fuckers.
In all seriousness I have a friend who has a lot of cash in Bank of America and he doesn't agree with me that he should withdraw it.
Does anyone think there's a real reason to be concerned w/ BoA in terms of withdrawl limits/defaults/deposit loss?
...Thanks.
Careful out there. When the going gets rough things get nasty
Absolutely there's reason to be concerned. Anyone who continues to do business with does so at their own peril.
Well, he's covered. But why keep your money in that dead fish. BoA is 100% done.
I suggested on FaceBook that if any of my friends had money in BofA to get it out pronto...so far no replies...I guess none of my moron friends are in BofA?
No. Stop bothering him about it. you've been mis-informed by "blog wisdom"/ the FDIC exists and it functions. end of story.
WOOO HOOO!!!
Time to dust off my "DOW 10,000" hat again.
I've gotten more use out of that thing...
A woman who works with a family member said Bank of America told her at lunch their computers were down. No further word, just that she couldn't conduct business at that time.
oh looky, we are back to -600
The urgent care clinics across the nation will be jam-packed with knife catchers tonight...
LOL! Best comment of the evening! Kudos!
Bidless into the close...as FAZ pays for my entire trip to St. John in October and Painkillers for all at Soggy Dollar Bottom Bar.
Dow is back in it's 2010 range. Getitng close to bear market territory
"Bidless into the close...as FAZ pays for my entire trip to St. John in October and Painkillers for all at Soggy Dollar Bottom Bar."
Best place in the world to get drunk!
What's that homeless guys name that sleeps right out on the beach?
I never been did you enjoy it?
Look! up in the sky, is it a bird is it a plane?
no its Berflunky the double dip man,
yes its Berflunky able to print trillions of weimar currency in a single bound,
yes its Berflunky more powerful than a locomotive able to print trillions of fake dollars in a single round,
yes its Berflunky able to lie and support tax and spend, yes Berflunky, lisping and weasing and eating porridge on a too big to fail movie. its
Berflunky I gotta a degree and I can lie just like Timmy and I can sqeak and lie and Im important too.
LOL. what a farce. hows that $ 5 Trillion in fake downgraded debt working for ya.
too big to take a dump.
"All your investment are belong to us."
WHERE ARE THE COMPUTERS?!?!?!?!
GO COMPUTERS GOOOOOOO!!!!
handle broke on the dow 600 point + loss.
Perhaps they recommitted some server resources from the buy side of the business...
All of this feels like a dream. The whole last week felt like one.
Never imagined Gold will go so opposite to S&P so fast.
DOW/Gold ratio down to 6.3 and counting....
Tells ya something.
8 more minutes till the close, where's my DOW 10,000 hat at?
Etrade & Schwab both running slow and displaying funny.
Train Derailment
http://www.youtube.com/watch?v=T4-ep4087VE&feature=related
....And just like that...stocks are all worthless trillions of little pieces of paper signed by bozos with golden parachutes....
How do you email Tylers? Fidelity also experiencing technical difficulties.
NYSE NASDAQ
Advances 270 (6%) 169 (6%)
Declines 3,937 (93%) 2,537 (92%)
Unchanged 17 (0%) 39 (1%)
Up Vol* 762 (98%) 36 (1%)
Down Vol* 12 (2%) 3,278 (99%)
Unch. Vol* 2 (0%) 4 (0%)
New Hi's 65 5
New Lo's 1,383 635
*in millionsmore...
Most Actives
Notice the up volume on the NYSE?
I have $21 left at BAC.
To lazy to go get it. Watching the parade and all.
BAC holds my mortgage.
I wonder where I should mail the check next month...
Anymore of these 6% down days and we'll be lookin' at 2009 lows in time for September....Spooky
"Remain calm; all is well."
"All is well!!!"
http://www.youtube.com/watch?v=zDAmPIq29ro
But but but ...I thought they all said stawks were cheap! Cheap to keep!
When even master card won't save your ass....PANIC!
Tea Party members renaming themselves: Stock Party.....dumping wholesale into the harbor
Some real comic relief over at the BlowHorn [CNBC].
"Gold isn't trading on fundamentals"
Maria Barfaroma
Where's Cdad when you need him on this historic day?
That's a great quote. Fundamentals ehh? what a laugh. What is fundamental? Fear. Fear is fundamental, Maria; repeat this to yourself 200 times until you get it.
"Maria, please explain to us what your view of the 'fundamentals' is please..."
One of the bloodiest days in The DOW's history! This was just said on Bloomberg by Matt.
No worries - Doc Ben will be by with the leeches to clean that right up!
While the DOW's point loss today was greater than 'Black Monday' in 1987, the percentage loss was only about 1/4 that from 1987.
Hereafter, should we refer to August 8, 2011 as "Dark Grey Monday"?
Where do I order the "I survived Dark Grey Monday" T-shirt?
Every banking institution in the world is at risk of failure.
Get you money out now, so you never have to tell your grandkids that you lost it all during the Great Collapse of 2011.
Fidelity's site is unaccessible. Hanging up, technical difficulties. I think folks are logging in to see what they lost. I moved all of the rest of my stuff to a savings' fund and it was accessible all day. But 5 minutes before the close, the site started to fail. So did most people not know this was happening and are just waking up to all this? ANd looking to see what is left? Rather than move money around while watching it all fall, knowing tomorrow will likely be a repeat?
Didn't have a problem with Active Trader Pro.
..or maybe there is another explanation?
Hackers: Wall Street Is An Easy Target
..or maybe there is another explanation?
Hackers: Wall Street Is An Easy Target
They seem to have discovered this trick few years ago when Michael Burry was trying to reach them. They are good at it now.
"we are sorry but our brokers are presently dumping all their holdings...we will get to as soon as possible...your wait time is 35 minutes"..........beepbeepbeepbeepbeepbeep
everyone should call in collect - whether or not they have an account.
TRANSITORY FLEXIBILISATION IS CURRENTLY IN PROGRESS; PLEASE HOLD. YOUR CALL IS IMPORTANT TO US BITCHEZ.
They are by hook and crook (and not the only ones) trying to slow down the mechanizations of bank run. They know that they have no money, and so are using everything in their disposal to slow or stop. If we don't get a QE3 by tomorrow afternoon, we may start to see MMF stopping redemptions.
THE S&P 500 MONTHLY CHART THAT FORECAST THE CRASH.
Further downside expected.
http://bit.ly/x618
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