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A Reminder Of Marketwide Circuit Breakers

Tyler Durden's picture




Since the SEC recently revised its marketwide circuit breaker thresholds and everyone is confused, to paraphrase Lewis Black, here is the new and improved circuit breaker schedule. It appears that the next 15 minutes may be rather important...




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Wed, 11/09/2011 - 15:15 | Link to Comment knight99
knight99's picture

tick tok tick tok

Wed, 11/09/2011 - 15:19 | Link to Comment Manthong
Wed, 11/09/2011 - 15:29 | Link to Comment Dane Bramage
Dane Bramage's picture

Bad market, bad market!  Now go to the corner!

Wed, 11/09/2011 - 15:59 | Link to Comment i root for that...
i root for that fat jersey governor's picture

it's 11:58am PST -- two minutes to go before we see some crazily positive news to pump up the market! rally monkey, where are you?

Wed, 11/09/2011 - 17:23 | Link to Comment css1971
css1971's picture

Meh.

PPT again.

Y'know, if you look at aluminium, copper, treasury yields or even the HSI for example which is clearly not part of the inner circle, last months dip should have been around 40%.

I'm just wondering how much money in total was spent to save the S&P, DAX, CAC, & FTSE.

Stocks are truly blessed.

Wed, 11/09/2011 - 15:32 | Link to Comment SMG
SMG's picture

But Bank of America said the market falls in the morning and rises in the afternoon.  Gosh don't you guys know market patterns always repeat themselves.   That's why investing is easy. /sarc

Wed, 11/09/2011 - 15:34 | Link to Comment Cthonic
Cthonic's picture

Pull out of But(t) Bank.

Wed, 11/09/2011 - 16:45 | Link to Comment Hayabusa
Hayabusa's picture

tic tok, ticked off, back stabbed, wizzed off.

 

Wed, 11/09/2011 - 15:15 | Link to Comment PicassoInActions
PicassoInActions's picture

are we getting there? is that it?

Wed, 11/09/2011 - 15:16 | Link to Comment RobD
RobD's picture

Breakers Bitches

Wed, 11/09/2011 - 15:17 | Link to Comment Jason T
Jason T's picture

No DEAL !!!

 

http://www.youtube.com/watch?v=Ol2DedEhOGI

Sums up what's happening in Europe.

Wed, 11/09/2011 - 15:19 | Link to Comment 0cz
0cz's picture

I believe this is a more accurate summary:

http://www.youtube.com/watch?v=7GSXbgfKFWg

Wed, 11/09/2011 - 15:18 | Link to Comment TheLooza
TheLooza's picture

show me some fucking follow through.  I want to see a fucking triple dick unicorn bailout rumor get run over.

Wed, 11/09/2011 - 16:04 | Link to Comment Bruin4
Bruin4's picture

Love it! And after its run over get out of your car ( of course a train is better) and shoot it three times.

Wed, 11/09/2011 - 15:17 | Link to Comment firstdivision
firstdivision's picture

...aaaand this is what happens when you force out the short sellers on rumors.  Not many people to close out their shorts to stop this.

Wed, 11/09/2011 - 15:17 | Link to Comment Irish66
Irish66's picture

13 minute nap

Wed, 11/09/2011 - 15:17 | Link to Comment SDRII
SDRII's picture

emergency power diverted to stock exchange; EMS test canceled

Wed, 11/09/2011 - 15:17 | Link to Comment tallen
tallen's picture

Italy can't end well, there are only 2 ways this can end:

1) Italy doesn't do austerity and ECB refuses aid, bonds implode, banks implode.

2) Italy does austerity, triggers mass unemployment, recession. Which leads to house prices dropping and banks getting hit.

Funny I was just talking about the circuit breakers on TOS chat, I wonder if Tyler is on there.

Wed, 11/09/2011 - 15:37 | Link to Comment Cthonic
Cthonic's picture

Goldmember: a head of his time!

Wed, 11/09/2011 - 15:17 | Link to Comment junkyardjack
junkyardjack's picture

The computers are just rebooting, nothing to worry about. Just wait for it

Wed, 11/09/2011 - 15:18 | Link to Comment Greyzone
Greyzone's picture

We won't hit 1100 points down in one day, at least not yet. There are still too many morons high on hopium from the dealer at 1600 Pennsylvania Avenue and his network of cronies in Paris and Berlin.

Wed, 11/09/2011 - 15:33 | Link to Comment Chump
Chump's picture

Eh?  You really think the implosion comes when the morons are expecting it?

Wed, 11/09/2011 - 15:19 | Link to Comment gatorengineer
gatorengineer's picture

So we want to cross 1100 down after 2PM got it.......

Wed, 11/09/2011 - 15:19 | Link to Comment pleseus
pleseus's picture

No fear.  400 point rally tomorrow.  Italy saved on 50% off sale on Italian pasta.

Wed, 11/09/2011 - 16:35 | Link to Comment earleflorida
earleflorida's picture

on the contrary -

drops 500pts. +/+ after the s&p threshold is broken down for good - 

jmo

Wed, 11/09/2011 - 15:20 | Link to Comment WineSorbet
WineSorbet's picture

Looks like my call of a +100 rumor was wayyyyy off proving once again that the best investment advice is to do exactly the opposite of what I would do.  LOL

Wed, 11/09/2011 - 15:25 | Link to Comment my puppy for prez
my puppy for prez's picture

Too much wine in the sorbet?

Wed, 11/09/2011 - 15:20 | Link to Comment TooBearish
TooBearish's picture

thats just cruel Ty - Bull baiting

Wed, 11/09/2011 - 15:22 | Link to Comment JPM Hater001
JPM Hater001's picture

Today's clock will be played by an alligator and the antagonist will be played by Capt Hook...er, Italy.

Wed, 11/09/2011 - 15:22 | Link to Comment Irish66
Irish66's picture

7 minutes

Wed, 11/09/2011 - 15:24 | Link to Comment Deadpool
Deadpool's picture

1100 points...that'd be a biggie.

Wed, 11/09/2011 - 15:25 | Link to Comment bania
bania's picture

DEER IN HEADLIGHTS! DEER IN HEADLIGHTS! DEER IN HEADLIGHTS!... 

Wed, 11/09/2011 - 15:25 | Link to Comment Amused2Death
Amused2Death's picture

There's still time for a last hour rumour du jour, they haven't run out of rabbits (though their collection of hats is dwindling)...

 

Buy the dip - slurp slurp!

Wed, 11/09/2011 - 16:46 | Link to Comment blu
blu's picture

Breakers?

The HFT algos will save us. They always do. They are like super heros.

People just need to have more faith.

[edit] So okay, who forgot to turn on the bots at 3pm? Someone must be hating on capitalism.

Wed, 11/09/2011 - 15:31 | Link to Comment Irish66
Irish66's picture

No stopping it now

Wed, 11/09/2011 - 15:31 | Link to Comment ItsNotYouItsMe
ItsNotYouItsMe's picture

This will be revised with a quiet memo tomorrow.

It should read as follows:

TO: All Relative & Important Market Participants

FROM: Us

DATE: November 10, 2011

SUBJECT: Preventing Insolvency in Market Performance & Stability

 

All MM's and other participants in market liquidity and trading areas are hereby notified that the circuit breakers are hereby updated from 10% to 3%, but this is strictly between us.  During any 3% move in the market downard, from this date forward, all exchanges will be closed and sellers will be bared from selling for a period of three days (the "cooling off period"). 

We believe this will keep markets stable and let market participants think more wholeheartedly before selling and causing market turmoil.  Further, it will allow those, more important participants, to be protected from any loss. 

Lastly, any drop beyond 3% will be purchased by the Federal Reserve in an effort to maintain markets and push any losses that may occur to more important particpants to the public sector en masse.  We believe this PIMPS initiative will help fuck everyone but us.  Remember, this is on the DL, yo.

 

Wed, 11/09/2011 - 15:32 | Link to Comment r101958
r101958's picture

The DOW would need to drop another 600 pts just to return to the Oct 7th levels......whooop te do! Big deal! Somebody is getting raped and I think it is the small and medium folks.....that cash is coming from somewhere and going somewhere......can you guess where it is going?

Wed, 11/09/2011 - 16:42 | Link to Comment earleflorida
earleflorida's picture

yep,... there using the seed-money to plant more money-tree orchards

Wed, 11/09/2011 - 17:06 | Link to Comment CompassionateFascist
CompassionateFascist's picture

The usual: US Tbill auctions incoming.

Wed, 11/09/2011 - 15:33 | Link to Comment the not so migh...
the not so mighty maximiza's picture

latest rumor,

Merkal is having Berscolines love child.

Wed, 11/09/2011 - 15:33 | Link to Comment Bill D. Cat
Bill D. Cat's picture

Fucking Bank of America ..... assholes ruined it .

Wed, 11/09/2011 - 15:34 | Link to Comment Elwood P Suggins
Elwood P Suggins's picture

Well only down 380 at the moment and only 25 minutes until the 3PM Rumor sends it "soaring".

Wed, 11/09/2011 - 15:38 | Link to Comment Comay Mierda
Comay Mierda's picture

maybe italy will suddenly "find" 55 billion euro from an accounting error

Wed, 11/09/2011 - 16:02 | Link to Comment gangland
gangland's picture

or maybe a couple of japanese guys carrying $150 billion in 1930's vintage US bearer bonds....they get to keep 50% of what they catch by Italian law...

 

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a62_boqkurbI

 

 

Wed, 11/09/2011 - 16:49 | Link to Comment blu
blu's picture

How do you say "glitch" in Italian?

Wed, 11/09/2011 - 15:41 | Link to Comment r101958
r101958's picture

Exactly! I was thinking it was about time for the 2:30p meltup.

Wed, 11/09/2011 - 15:35 | Link to Comment Iriestx
Iriestx's picture

3pm rumor is coming to turn all of this green.  BTFD.

Wed, 11/09/2011 - 15:57 | Link to Comment r101958
r101958's picture

Going to venture a 'wild' guess.....DOW closes -155, or close by that.

Wed, 11/09/2011 - 16:00 | Link to Comment r101958
r101958's picture

Sorry.....I meant -255 or thereabouts.

Wed, 11/09/2011 - 16:47 | Link to Comment r101958
r101958's picture

Ok, Ok....so, should I change it to -455?

Wed, 11/09/2011 - 16:51 | Link to Comment blu
blu's picture

with 9 minutes to go, I'd say yeah.

Wed, 11/09/2011 - 17:02 | Link to Comment r101958
r101958's picture

Funny thing is......seems many are talking about a crash.....but the market will close today higher than it was on Nov 1st; Wow, big deal, ...not. I still contend that all this market turbulence is used to control prices of certain commodities (mostly energy). Except it is not working as well as it used to.

Wed, 11/09/2011 - 17:08 | Link to Comment CompassionateFascist
CompassionateFascist's picture

No. It's to loosen up $$$ for upcoming T-Bill auctions. Keeps the intr rates down.

Wed, 11/09/2011 - 17:11 | Link to Comment r101958
r101958's picture

Good point....Gee, I wonder if the T-Bills will be able to compete with that popular Italian 3Billion Euro offering?

Wed, 11/09/2011 - 15:36 | Link to Comment Bruin4
Bruin4's picture

Interesting...How come it gives the figures both in percentages and points? I mean if its a 1100 point down day and the market opened at 9500 then thats not 10 percent is it? for example. It cant be both.

Wed, 11/09/2011 - 15:44 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

yeah, I say so.... WTF? also, whatyamean "4th QTR"?? same set for now to Dec 31? man these guys are optimistic

Wed, 11/09/2011 - 15:55 | Link to Comment reggiehammond
reggiehammond's picture

idiots

Wed, 11/09/2011 - 15:37 | Link to Comment reload
reload's picture

NO cavalry today folks.

Forget BTD

Its Sell The Rallies now.

Knife catchers in shreds.

Speaking of which, Anybody seen Robo?

 

Wed, 11/09/2011 - 18:12 | Link to Comment gangland
gangland's picture

Dr flash crash, paging Dr flash crash

Wed, 11/09/2011 - 15:38 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

OT - CNN in disarray with soundclips:

 

http://www.youtube.com/watch?v=6MrSLna8lto

Wed, 11/09/2011 - 15:38 | Link to Comment Odin
Odin's picture

In the event of a 5000 point loss on the Dow, knock out the hooker that's on top of you, blow the rest of your coke in one fat line, and go party with the kids at Occupy Wall Street...

Wed, 11/09/2011 - 15:41 | Link to Comment Zymurguy
Zymurguy's picture

Yeah, where the hell is that deer in the headlights pic?????

Wed, 11/09/2011 - 15:49 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

and here comes standard EOD spike.... what a fukin' joke..... a 4-ring Circus

Wed, 11/09/2011 - 15:50 | Link to Comment the grateful un...
the grateful unemployed's picture

Forget this stuff, it's Flash Crash Rules! Cancel all trades! Start over tomorrow and hope they get it right.

Wed, 11/09/2011 - 15:58 | Link to Comment Shizzmoney
Shizzmoney's picture

They won't let the thing go busto?  Are you kidding?  That ain't free market.

Free market is going all-in on a bluff, getting called, and losing all your chips. 

DOW=pussy

Also, expect a late run in the day, and maybe one by end of week.  The elites and corporations can't let things get TOO out of hand, that might lead more readers to find ZH.

Wed, 11/09/2011 - 15:59 | Link to Comment Dr. Nancy
Dr. Nancy's picture

All that's happening is predictable, as there are 7 stages that every
major economy goes through. Those who know how it works profit & massive
wealth is transferred to them. Several months ago I learned this
information from a millionaire whose site I found & am sharing it with
everyone I know.
His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
is at:
http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=290b868b&chan=y
Hope this info helps everyone as much as it has me.
Dr. Nancy

Wed, 11/09/2011 - 18:09 | Link to Comment DarkestPhoenix
DarkestPhoenix's picture

I am going to follow you around and haunt you "Doctor".

http://goarticles.com/article/The-Elevation-Group-Investigation-The-Truth-About-Mike-Dillard-Scam/4081853/

 

Peddle your bullshit to some idiot who doesn't have Google. 

Wed, 11/09/2011 - 16:05 | Link to Comment ziggy59
ziggy59's picture

More like Circus Breakers!

Wed, 11/09/2011 - 16:10 | Link to Comment IrritableBowels
IrritableBowels's picture

Ummmmmmmmmm:

 

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

 

FUCKED

Wed, 11/09/2011 - 16:11 | Link to Comment Overflow-admin
Overflow-admin's picture

Circus Breakers 3:00PM: "BTFD show and the U pattern"

Wed, 11/09/2011 - 16:49 | Link to Comment Little Red Rooter
Little Red Rooter's picture

Farmland bitchez! 

Wed, 11/09/2011 - 16:44 | Link to Comment Yen Cross
Yen Cross's picture

 Thanks for the reminder Tyler. Perhaps the markets can focus on " reality" , a bit more closely now.

 

Eg;  Mediocre China news, ( nice piece earlier). Europe in a depression. A dysfunctional group of kool-aid drinking ( Super- committee- friends).   A q-4 gdp writedown. Crude over 90, (Iran). Last, but not least, " a completely cluster f..ked Federal reserve!)

Wed, 11/09/2011 - 16:48 | Link to Comment Hayabusa
Hayabusa's picture

People, people, nothing to see here, nothing to see.  This is all temporary.  Go home, have some dip, relax and enjoy Dancing with the Stars.

Wed, 11/09/2011 - 16:59 | Link to Comment chancee
chancee's picture

As usual, market propped up into the close to avoid a waterfall.  SPY  and ES.  SPY and ES.  SPY and ES.  Over and over...  Just take a look at the volume on SPY in last 15 minutes.  I'm sure that's people who decided this was a good place to buy.

Wed, 11/09/2011 - 17:26 | Link to Comment prodigious_idea
prodigious_idea's picture

I hope today's market behavior finds its way into questions of tonight's masturbaters, er, I mean debaters.

Wed, 11/09/2011 - 20:07 | Link to Comment unununium
unununium's picture

Market closed Wednesday at 11780.94, so for Thursday

 

Your DOWN-1100 level is    10680.94

and

Your DOWN-2250 level is      9530.94

 

 

Wed, 11/09/2011 - 20:23 | Link to Comment lemarche
lemarche's picture

Thanks Tyler, reminder may come in handy rather sooner than some expect...

Thu, 11/10/2011 - 00:32 | Link to Comment luna_man
luna_man's picture

Well, it seems the markets need a stronger stimulant!

 

What's next Ben?

Thu, 11/10/2011 - 01:00 | Link to Comment El Yunque
El Yunque's picture

Ya know, if the whole goddamn thing is gonna tits up in the next few days, I want to be on Zero Fucking Hedge to watch the comments.

If I ain't going have jack shit till the sun flames out forever, I at least want to be right here laughing my ass off about it.

Total annihilation should be this much fun for everyone.

Armageddon!!! Armageddon!!!

Now where is that fucking gerbil anyway?

OZFH (Occupy Zero Fucking Hedge) - The only place on the interwibbles to understand what happens when elephants fuck donkeys. Hey, Santorum, you asshole, how about a constititional amendment banning that; if not, maybe Batshit Crazy Bachman will at least carve a monument out of the act at Rushmore.

A drunk Ambassador Perry can dedicate the son of a bitch.

And what does all that have to do with circuit breakers? Not a damn thing.

Wish I had an once of Au: I'd spend it on a 55 gallon barrel of Jack Daniels.

Thu, 11/10/2011 - 02:12 | Link to Comment Grand Supercycle
Grand Supercycle's picture

DOW/SP500/NASDAQ charts reveals very overextended price action and another Wile E Coyote scenario.

As mentioned numerous times, the bullish US Dollar weekly chart continues to exert it’s influence and according to my analysis this will continue.

http://stockmarket618.wordpress.com

Do NOT follow this link or you will be banned from the site!