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Spain's Stock Exchange Has Been Halted For Over 4 Hours Due To "Technical Glitch"
Update: IBEX resumes for trade with a nearly 5 hour delay, last seen higher at 1.68%. We can only hope the Knight algo is not to blame for yet another round of headless chicken buying.
Last week it was Knight, today it is the Spanish stock market. Following a halt for a "technical glitch" just after 4 am Eastern time, Spain's stock exchange, the IBEX, is still not trading as of this posting. So how will Spain and the ECB declare victory if they are unable to demonstrate the daily ramp in Spanish stocks (where shorting financials is once again forbidden.... because Europe continues to be "fixed").
From MarketWatch:
The Spanish stock exchange was halted Monday morning due to a technical glitch, according to a spokesman for operator Bolsas y Mercados Espanoles SA . The spokesman did not give a time for the resumption of trade nor specify the nature of the glitch. The market has been halted since 10 a.m. Central European Time. The Spanish IBEX 35 index was trading up 0.25% just ahead of the halt
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OK....nobody move.
Oh......the solar panels just gave out again. As soon as the clouds go away we'll be back up.
I love that one ->clouds<-...
So, IBEX will stay closed over the - lets say - 5 following years?
.... and it's gone!
REMIX!
http://www.youtube.com/watch?v=4TlPo0yCSa4
Most excellent, my friend.
This is really all very hilarious, actually. Like your alcoholic "Uncle Bob" who misses work frequently becuase he has "medical issues".
The house always wins!
Warum Sie ihre Stocken verkaufen ? Nein, nein, nein !
Stocks-> Anteile, Aktien
Sticks-> Stöcke, Stäbe.
Niemand glauben Draghi Heil machen Banken leer ?
You really need to work on your German.
It's supposed to be fake, a parody of an Italian soccer coach btw...'Was erlauben Merkel etc'
And it's hardly suprising that the feed was corrupted after the initial spike failed, and it headed back down.
"Alles sein Geld ist belongen zu uns"
There, fixed it for ya ;o)
Indices on forexpro kept moving, wtf? Deceiving-tactics?
Lol...
" The price is whatever we tell you the price is...Muppet "!
Remember the stories about the old horse betting parlors and the time delayed radio play by play ? but.. but I just got the super duper really fast processor upgrade on my computer! wtf!??
i noticed at the end of last week that indices and futures on ForexPro were suddenly delayed by over 2 minutes, while normally they are refreshed at 10-15 second intervals
It's the exchange. They will bust every trade. There will be no bankruptcy here, except for the host country.
you hear that mr. anderson? that is the sound of inevitability. [/agent smith]
kudos !.....it sucks I can only green you once.
Did it just start trading again? I'm seeing up 1,7pct
I CANT BELIEVE THIS!!!
Nothing to see here, carry on...
B*tch please; who's still buying this algo-rigged casino game anyways?
there will be many more of these technical glithes. they are conditioning the masses.. cry wolf enough and a geniune crisis will be ignored till it only benefits those who control the game
So, the lack of shorts to squeeze now qualifies as a technical glitch? Pathetic.
Technical glitch translation...people are selling.
The glitch is only for sellers. Buyers are welcome...
I was waiting 4 it, but... OK... I'll fucking go ahead & say it...
GLITCHEZ BITCHEZ!
My check once bounced due to "a technical glitch." They called it "no money" back then.
Stop living in 2008 :)
If they send your check back marked "Insufficient Funds", then change to a bank that does have sufficient funds!
Technical Glitch = must have liquidity in said market before you flip the switch on.
"Technical Glitch = must have liquidity in said market before you flip the switch on."
Good point. So, if they need liquidity, I guess that we should hook them up with some of our HFT bots to really stir up the money flow? Call Goldman, NOW!
First it was Knight Capital. Then Tokyo just a few hours ago. Then Spain. The butterfinger slips are happening too close to eachother- and somehow QE and TARP made this all possible on light volume.
A glitch in the Matrix. It happens when they change something
i think because the algos and ben's algos got crossed up on what they programmed the finish is to be today.. shit happens
Looks like they have some troubles and cant even post on the web properly.
http://www.ibex35.com/
/R
HFT, Algos, Fat Fingers??? Seriously, we're not that dumb! Somebody or some group is behind all these nefarious acts and there are just too many of them that it is becoming painfully obvious what the ultimate goal will be.
So, is this a rim-job or a ramp-job? Can't remember which is which.
a rim-job is just target practice
This is what happens when you allow people to sell. LMFAO!! All your 401k is belong to us. Let me guess, no-one will be allowed to "cash-out" until dead. Atlas continues to shrug.
I just woke up and pinched a loaf. Are the futures up?
It's never a "glitch" when the market explodes up...
An honest trading algo is a simple piece of computer code. All of these "technical" glitches makes me think that the code contains a bunch of special features for the bankstas.
“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.” - Assistant U.S. Attorney Joseph Facciponti, regarding Squid Code during the Aleynikov incident
Special code:
10 LIE
20 CHEAT
30 STEAL
40 START RUMOR
50 PUMP RUMOR
60 DUMP RUMOR
70 GO TO 10
That code is much too basic.
Agreed...but my Fortran is rusty.
You could have coboled something together I am sure.
C......I know knew he could do it.
So much smalltalk back and forth.
The glitch was so positive to the IBEX. Maybe they should make it last for the whole year.
I like apple pie.
So when did the Dow infect Spain?
Am I seeing that right? 100 points up in about 10 minutes followed by a 50 point loss, and a 25 point gain all within an hour. I guess people really are stupid if they fall for this. They claim a glitch, which cause a giant spike and then claim the situation is fixed. However the glitch still leaves the market higher.
It is the same thing where a company jacks up the price of an item from $3 to $4. People complain so they lowerthe price to $3.50 to make people happy. People forget that the price was $3 and are just happy not to pay $4. The company laughs all the way to the bank.
The farce of life.
FT's Jack "premature" on probe by Chilton.
http://tradewithdave.com/?p=11399
and the equity markets are any different?? dear ben. please program in the algos a little bit of a correction. make it look good. you dont want the last light in this joke to turn off and just roaches on the floor of the nyse.. art crashin's face looks like he know full well this is not a "market"
The stock markets around the globe are both technocal broken and fundamentally broken.
What does "technocal" mean?
actually the opposite.. "fixed" come to mind
now is easiest time for seasonal adjustment of stocks, indices, futures, currencies, etc.... every human trader is on holiday
There was a lot of talk, but the ECB's bond purchase program remained on ice last week, the bank reporting zero purchases under its SMP. It's now been more than six months since any buys have been made.
reported = true ?
They are resorting the Que, so that at the end of the day it'll be nice U.
Hey it rhymes !!
Be patient, rigging markets takes time.
The bots have Ebola.
Just watched 'Contagion'.
Scary shit. Coming to your neighborhood soon.
Best way to hide a market crisis would be to have A WORSE CRISIS.
25% mortality rate would get those unemployment #'s down.
Go long on quick-lime.