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NYSE Reviewing Trades In 148 Symbols Between 9:30 And 10:15

Tyler Durden's picture




 

At least the market was broken for at most only 148 stocks. If it was all of them, we would have Flash Crash part Mon Dieu which would confirm that the "market" is nothing but a programmed, or "fixed" to use the parlance of our times, vehicle with which to conduct monetary and fiscal policy, now that the actual underlying economy is just as broken. Of course, good of the NYSE to be on top of its own busted mess. Perhaps this means they will not be able to blame the Nasdaq for this particular epic humiliation?

 

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Wed, 08/01/2012 - 11:07 | 2668687 Dr. Engali
Dr. Engali's picture

So...when the financial markets finally blow up for good ,what are we going to talk about?

Wed, 08/01/2012 - 11:10 | 2668707 ihedgemyhedges
ihedgemyhedges's picture

THAT DOES IT!!!!! I DEMAND TO SEE SOME COMPUTERS HAULED OFF IN HANDCUFFS!!!!! Justice MUST be served this time.....

Wed, 08/01/2012 - 11:14 | 2668736 malikai
malikai's picture

All they are going to do is reverse the trades which hurt their favourite algos.

Wed, 08/01/2012 - 11:19 | 2668753 idea_hamster
idea_hamster's picture

  "from 9:30:00 to 10:15:00"

So, 45 minutes?

That's 2,700,000,000 micro-seconds in algo-land.  By the time you've review those trades, the machines have turned your portfolio, lunch, and offspring into gray goo.

GLWT -- kthxbi.

Wed, 08/01/2012 - 11:34 | 2668838 francis_sawyer
francis_sawyer's picture

aHa!... I've found the culprit!... Now ~ Let's just reverse that trade & everthing will reset back to normal... Ready?... Push reset button NOW!

~~~

http://www.youtube.com/watch?v=eeOHEU7Ykyg

Wed, 08/01/2012 - 11:35 | 2668845 Levadiakos
Levadiakos's picture

Waddell and Reed stike again. Case closed!

Wed, 08/01/2012 - 11:46 | 2668918 FlyoverCountryS...
FlyoverCountrySchmuck's picture

BLOOMBERG RED HEADLINE:

"Knight Capital Experiencing Delay in Processing Stock Orders: Clients urged to execute trades elsewhere"

Related?

Wed, 08/01/2012 - 11:21 | 2668782 Dr. Richard Head
Dr. Richard Head's picture

Computers are not corporations, therefore they cannot be people. 

Wed, 08/01/2012 - 11:44 | 2668904 Nobody For President
Nobody For President's picture

Just THINK of the perp walk...

Wed, 08/01/2012 - 11:10 | 2668711 Debtonation
Debtonation's picture

I think I should take physical delivery of all stocks from now on

Wed, 08/01/2012 - 11:15 | 2668741 The trend is yo...
The trend is your friend's picture

They have changed the rules on phsyical delivery of your stock certificate.  you will have to pay a ridiculous fee to have the shares delivered versus maintained in your brokerage account.  They can't hypothicate your stock and make even greater sums.  Call them up and find out what the fee is 

Wed, 08/01/2012 - 11:25 | 2668801 Winston Churchill
Winston Churchill's picture

Well,they had to do something with that MERS registry,didnt they ?

Wed, 08/01/2012 - 11:29 | 2668815 Debtonation
Debtonation's picture

That figures.  It's all part of the dream that the "market" can be securitized completely electronically.  This has been the goal all along, eliminate physical ownership so that the whole system can be "controlled."  Pretty soon it will just be illegal to take physical ownership of anything.

Wed, 08/01/2012 - 17:41 | 2670399 Hobbleknee
Hobbleknee's picture

You don't own your house either.  Property taxes = rent = serfdom.  Actually, you don't even own yourself, since income tax makes you a slave.

Wed, 08/01/2012 - 11:12 | 2668720 astoriajoe
astoriajoe's picture

maybe we'll trade recipes for the best way to cook rat or whatever roadkill we find as we scavenge for food?

Wed, 08/01/2012 - 11:14 | 2668735 Lost Wages
Lost Wages's picture

I'm interested in learning how to grow weed year round without modern hydroponics. I hope I don't have to spend any time sober after the collapse.

Wed, 08/01/2012 - 11:22 | 2668785 astoriajoe
astoriajoe's picture

...although having the munchies in addition to chronic hunger will really suck.

Wed, 08/01/2012 - 11:24 | 2668795 Vagabond
Vagabond's picture

Which is why the hydroponic garden needs more than just weed.

Wed, 08/01/2012 - 12:03 | 2669002 Lost Wages
Lost Wages's picture

The surrouding environment will hopefully provide animals, plants, and neighbors to eat. (hahaha. cannabalism joke.) But unfortunately in some climates marijuana will only bloom during certain times of year.

Wed, 08/01/2012 - 11:24 | 2668793 Vagabond
Vagabond's picture

With or without modern hydroponics?  Cause if you meant with...  I'll be releasing a series of videos on modern hydroponics and my two backyard hydroponic greenhouses in the coming weeks.  An interesting topic indeed.

Wed, 08/01/2012 - 12:04 | 2669007 Lost Wages
Lost Wages's picture

I'm thinking I won't be able to get supplies, electricity, etc, so I'll have to rely on nature or some kind of horticultural knowledge that was lost when the indigenous were slaughtered.

Wed, 08/01/2012 - 11:46 | 2668913 Nobody For President
Wed, 08/01/2012 - 12:06 | 2669020 Lost Wages
Lost Wages's picture

After civilization collapses, I think there will be more vermin running around than we know what to do with, because civilization was the only thing killing them off. Wait, what was the original post about again?

Wed, 08/01/2012 - 11:14 | 2668733 DavidC
DavidC's picture

Bunny rabbits, clouds, other fluffy things...

DavidC

Wed, 08/01/2012 - 11:18 | 2668739 slaughterer
slaughterer's picture

It smells like the "da boyz from Newark" (Knight Capital) are behind some of these crazy, psycho moves.

Wed, 08/01/2012 - 11:17 | 2668746 Hype Alert
Hype Alert's picture

Their goal is to not have it blow up.  In doing so, they will convert it into nothing more than a display for red and mostly green numbers they want you to see.  Dark pools will be the real market.  HFT's skim the difference between the display numbers and the real numbers.

 

Oh wait, we're already there.  Never mind.  Move along.  And never forget, the SEC is looking out for the little guy.  The little guy will be the one's wearing the target.

Wed, 08/01/2012 - 11:32 | 2668830 Beam Me Up Scotty
Beam Me Up Scotty's picture

"So...when the financial markets finally blow up for good ,what are we going to talk about?"

We will talk about gold and how nice everyones stack looks.  The nice thing is, the Algo's can't touch the gold that we have in possession.

Wed, 08/01/2012 - 11:35 | 2668843 GMan_
GMan_'s picture

We're gonna talk about the futures market after.

Wed, 08/01/2012 - 11:07 | 2668688 FieldingMellish
FieldingMellish's picture

Result: Nothing found... move along... markets are just fine...

Wed, 08/01/2012 - 11:07 | 2668689 MsCreant
MsCreant's picture

Everyone hanging on this crap with bated breath...bah! Who gives a fuck?

Wed, 08/01/2012 - 11:21 | 2668781 idea_hamster
idea_hamster's picture

I think you meant, "Everyone hanging on this bait with crap breath."

We've been suckered in and forced to eat shit for soooo long, it doesn't even register any more.

Wed, 08/01/2012 - 11:07 | 2668691 transaccountin
transaccountin's picture

check out stocks MTW, DE, AND KWK for serious psycho action

Wed, 08/01/2012 - 11:52 | 2668750 Jake88
Jake88's picture

Mammoth volumes ramping prices up.

Wed, 08/01/2012 - 11:20 | 2668770 Osmium
Osmium's picture

Looks like someone forgot to test the code before releasing a new version.

Wed, 08/01/2012 - 11:08 | 2668692 Jim B
Jim B's picture

Instead of fixing the underlying problem......  They just cancel the trades......  What a sad joke!

Wed, 08/01/2012 - 11:11 | 2668714 Mr. Poon
Mr. Poon's picture

If they cancel the trades again it will send a perfectly clear message to the markets:  let your algos run wild and don't bother to test them or fix bugs in them, because if they go crazy, the exchanges will be waiting there to make good on your losses.

Wed, 08/01/2012 - 11:12 | 2668724 SheepDog-One
SheepDog-One's picture

Cancel the trades...that is IF there were losses to the wrong people involved! If they were up 5%, there would be nothing to even look at.

Wed, 08/01/2012 - 11:08 | 2668694 dvsteenk
dvsteenk's picture

it's about time

Wed, 08/01/2012 - 11:08 | 2668695 slaughterer
slaughterer's picture

We started laying out "joke bids" and got some filled.  Hope they do not get cancelled now.  

Wed, 08/01/2012 - 12:10 | 2669049 Mesquite
Mesquite's picture

Makes Trout fishing look tame (almost)...

Wed, 08/01/2012 - 11:08 | 2668697 LawsofPhysics
LawsofPhysics's picture

Just outlaw selling and be done with this sham already.  Only the "right" people will be allowed to sell, or steal.  Where is John Corzine?

Wed, 08/01/2012 - 11:08 | 2668698 youngman
youngman's picture

What they shoudl do is pull the companies license to trade...forever....and seize and destroy the computer

Wed, 08/01/2012 - 11:13 | 2668731 exi1ed0ne
exi1ed0ne's picture

. . .and there would be an new company formed using the same software, devs, and backers within days. New front men though, since the old ones served their purposes.

Perpetual motion discovered!

Wed, 08/01/2012 - 11:08 | 2668701 derek_vineyard
derek_vineyard's picture

Maybe some algo did it just to prove he/she can.

Wed, 08/01/2012 - 11:09 | 2668704 doc_in_the_house
doc_in_the_house's picture

NO QE3 today =

1) sell off in casino stock "market"

2) sell of in treasury toilet paper = higher rates

3) sell-off in physicals and commodities

Wed, 08/01/2012 - 11:13 | 2668732 SheepDog-One
SheepDog-One's picture

Probably only "3"

Wed, 08/01/2012 - 11:35 | 2668849 Beam Me Up Scotty
Beam Me Up Scotty's picture

Probably right.  If no hopium today, the stawk market will shrug and figure it will come next month.  I'll buy some PMs if they go on sale though.

Wed, 08/01/2012 - 11:09 | 2668706 pods
pods's picture

Stuxnet coming back to bite us in the ass.

Wed, 08/01/2012 - 11:10 | 2668708 The Axe
The Axe's picture

Joke....not a funny one either....nothing will happen  There worse the the fucking IOC  

Wed, 08/01/2012 - 11:43 | 2668710 Jake88
Jake88's picture

.

Wed, 08/01/2012 - 11:11 | 2668717 exi1ed0ne
exi1ed0ne's picture

Ha, bwahhahaha, BAHAHAHAHAHAHAHAAH!!!!!

Fetch the fluffy pillows!

http://www.youtube.com/watch?v=uprjmoSMJ-o

Wed, 08/01/2012 - 12:43 | 2669178 exi1ed0ne
exi1ed0ne's picture

and I'm sure the perps will crack once the comfy chair is brought out.

(I got junked, sweet! Must have hit a nerve.)

Wed, 08/01/2012 - 11:12 | 2668723 madcows
madcows's picture

JPM algo went CDS Whaling?

Wed, 08/01/2012 - 11:13 | 2668725 Lost Wages
Lost Wages's picture

Are the WOPRs connected to Sara Eisen's strap-on?

Wed, 08/01/2012 - 11:14 | 2668740 adr
adr's picture

We reviewed the trades and all down trades will be cancelled. All orders will be granted at the top end value of each stock if you were selling. We can't have traders losing money.

Wed, 08/01/2012 - 11:15 | 2668745 Kaiser Sousa
Kaiser Sousa's picture

BUY MORE STOCKS U FUCKING MUPPETS....
I COMMAND YOU!!!!

Ben Berstanke

Wed, 08/01/2012 - 11:20 | 2668771 azzhatter
azzhatter's picture

Mr Bernanke, What do you tell savers who are being destroyed by low interest rates on their savings?

 

Ben Berstinky- They can put their money in the stock market

 

If only I had a chance to beat this fucker to a pulp. If only

Wed, 08/01/2012 - 11:16 | 2668752 SheepDog-One
SheepDog-One's picture

BTW, CONGRATS to all ZH posters! As Wall St analysts call us 'The best trolls in all of Trolldom'

Wed, 08/01/2012 - 11:40 | 2668878 Dr. Engali
Dr. Engali's picture

I wonder if he was talking about Robo and MDB.

Wed, 08/01/2012 - 11:41 | 2668888 Alpacanio
Alpacanio's picture

I like hairy female trolls...

Wed, 08/01/2012 - 12:07 | 2669028 Nobody For President
Nobody For President's picture

Yes, I'm so proud, Dog. Where do I pick up my framed wall certificate?

Wed, 08/01/2012 - 13:50 | 2669422 tenpanhandle
tenpanhandle's picture

posession of certificates not allowed anymore - sorry.

Wed, 08/01/2012 - 11:17 | 2668755 DavidC
DavidC's picture

There was a really odd move in the FTSE around 3:20 p.m. (10:30 a.m. US time?) - a twenty point pop on nothing, not sure if that dragged the US markets (or, indeed, vice versa!), but very odd.

DavidC

Wed, 08/01/2012 - 11:18 | 2668757 RobotTrader
RobotTrader's picture

Put/call screaming higher all day today.

 

So many are scared to death of Bernanke's "jawboning", the market has sold off the last time he uttered his statement during FOMC.

Wed, 08/01/2012 - 11:18 | 2668758 HaroldWang
HaroldWang's picture

Bob PissAnti on CNBC keeps reminding us that, yes, there was a problem but the exchange recognized it right away and all the new rules after the flash crash are in place and working. 

Can't say one bad word about your comrades, eh, Bob?

Wed, 08/01/2012 - 11:19 | 2668765 MsCreant
MsCreant's picture

Constant growth is not sustainable. Cycles, up and down are natural. Don't fuck with mother nature, let down happen or there will be a price all of us have to pay. This instability is an echo of what is to come. It will get worse and worse more often because they won't allow failure to clear out the underbrush.

Wed, 08/01/2012 - 20:26 | 2670737 StychoKiller
StychoKiller's picture

Jenga! JENGA!! (Go with throttle-up...)

Wed, 08/01/2012 - 11:30 | 2668819 doc_in_the_house
doc_in_the_house's picture

IF QE3 today (99% probability = NO)

1) HIGHER CORN PRICES

2) higher oil -> $100 in a week, just in time for "election" = $120

3) higher commodity prices

i would think the QEorganizer would tell brankrupt-bQE to hold off.  QEorganizer told him to print QE1 and QE2. 

Wed, 08/01/2012 - 11:36 | 2668851 dow2000
dow2000's picture

"Investor Confidence"

Wed, 08/01/2012 - 11:36 | 2668853 dcb
dcb's picture

can you provide a list please

Wed, 08/01/2012 - 11:41 | 2668880 Kaiser Sousa
Kaiser Sousa's picture

"This looks like a software glitch...."

Bob PissOnMe....CNBC

Wed, 08/01/2012 - 11:52 | 2668949 Blopper
Blopper's picture

This is the start of a challenging future.

Wed, 08/01/2012 - 13:41 | 2669380 JuicedGamma
JuicedGamma's picture

To err is human.  

 

To really fubar things, it takes a bunch of computers all duking it out.

 

Wed, 08/01/2012 - 20:43 | 2670763 StychoKiller
StychoKiller's picture

The Duke Bruthas ain't gonna like this...

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