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All Nasdaq markets halting trading due to processor issue
CNBC.com ^ | Thursday, 22 Aug 2013 | CNBC

Posted on 08/22/2013 10:56:51 AM PDT by Mad Dawgg

Traders waited nervously Thursday for the Nasdaq to begin trading after its largest intra-day shut in recent memory.

"When everyone comes back online at the same time that's when even more dangerous things can happen in the marketplace," said Sal Arnuk, the co-founder of Themis Trading.

The Wall Street Journal pointed to Apple as a good example of the chaos that could ensue. The tech giant's stock plunged shortly before the Nasdaq glitch.

The Nasdaq earlier halted trading in all securities Thursday until further notice due to a problem affecting quote dissemination.

Dozens of publicly traded companies, including high-profile companies such as Apple, Microsoft and Facebook, were showing their shares halted. The Nasdaq status message was time stamped at 12:14:03 ET.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: 3rdthread
Rot ro Relroy...
1 posted on 08/22/2013 10:56:51 AM PDT by Mad Dawgg
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To: Mad Dawgg

Ruh roh, Raggy...


2 posted on 08/22/2013 10:59:00 AM PDT by Old Sarge (Opinions are like orgasms: only mine count, and I couldn't care less if you have one...)
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To: Mad Dawgg

(How the story starts).

I used to be a history teacher at a private Christian school in Louisiana. I was in my mid-thirties then, unmarried and unattached. It was June and I was on a road trip, cruising up Interstate 81 through the northeastern corner of Tennessee in my Maxima. I was going to spend the month in Pennsylvania, hiking another 300 miles of the Appalachian Trail. The trail ran 2,200 miles from Georgia to Maine, and over previous summers I’d hiked it in sections, from south to north. After a school year spent dealing with self-absorbed and often hysterical teenagers, I was looking forward to the wilderness solitude.

Friday afternoon, and I was scanning the radio dial as I passed the towns and cities. The global banking crisis was in the news; the most serious problems were in Europe. Bank runs of some sort. Lucky for Europe, they ran out the clock at the close of business going into the weekend. But by then the financial contagion had spread to New York, and the stock market closed early after some kind of Wall Street emergency fuses had been blown.

Breathy voices warned of another round of dire world economic consequences, by then a familiar tune. Later news updates reported unspecified problems with the American credit card system. Computer networks were having technical problems. Some cell phone service was down. Spillover from Europe, no doubt. Other problems related to the internet, possibly coinciding with a period of high solar flare activity that affected communication satellites. Plain bad luck and Murphy’s Law were frequently cited. There was even some talk of a possible cyber attack, but of course it was pure speculation. China, Russia, Iran, the usual suspects.

Whatever the cause, the main sticking point seemed to be problems in the international currency markets. The day’s interbank trades could not be resolved; there was too much volatility in the Eurozone as some countries hinted at plans to pull out of the Euro. Financial experts assured their radio audiences that it would all be straightened out by Monday. “Thank God it’s Friday” was a commonly expressed cliché laughed into radio microphones.

And that was my working knowledge of the unfolding events. Radio reports.

3 posted on 08/22/2013 11:01:54 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee

Black Swan...?


4 posted on 08/22/2013 11:03:21 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

This has to be Bush’s fault, Has to be!!!!


5 posted on 08/22/2013 11:03:49 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Mad Dawgg

Translation - you can’t get out until the protected folks do. They can’t keep their story straight as to whether pending orders were cancelled or not.


6 posted on 08/22/2013 11:04:24 AM PDT by PAR35
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To: Travis McGee
Your story.


7 posted on 08/22/2013 11:05:15 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Mad Dawgg

A whole flock of them.


8 posted on 08/22/2013 11:06:47 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Lazamataz

By the time I decided to top off my tank in the northeastern corner of Tennessee, every gas station was taking cash only, with long lines of cars forming. I’d stopped at an ATM before my road trip and had nearly 300 dollars stuffed in my wallet, and I wasn’t worried. I still had a quarter of a tank, so I motored on and a few exits later, just past a cluster of gas stations jammed with vehicles, I pulled into the Regal Inn Motor Lodge and got a room. The Hindu desk clerk was happy to accept cash at below the posted nightly rate.

I figured the credit card situation might be straightened out overnight. I could gas up in the morning after the lines cleared. I was in no hurry; I had all summer. That was my thinking going to bed that night.

Woke up to no power, the TV dead, everything dead that didn’t run on batteries. Anything that depended on the internet, cell service, wireless anything, that was all dead too. My smart phone was brain dead. It could show me some of my old pictures and texts, but it couldn’t make a connection. Same deal in the motel lobby: no power, no wireless connections, no credit cards.

On balance, it wasn’t such a bad location compared to many others places I might have been when the lights went out. I could have been passing through Birmingham or Baltimore. In rural northeastern Tennessee, the typical clients of the Regal Inn were long-haul truckers and families on a budget.

Next door, the Waffle House was still serving food, but only to cash customers. Their emergency generator quickly ran out of fuel. Without electricity, the food in their freezers was defrosting, but their propane tanks still cooked hot. Then the police moved into the restaurant, and the generator was fired up again, presumably with government fuel.

The restaurant was full of cops. Plenty of light inside the big glass windows and plenty of cop cars parked outside made it a safe place. By the third day the new restaurant policy was cops only, and we highway refugees were turned away. Even the parking lot was only for police. A little Alamo, ringed by a wall of police vehicles parked end to end.


9 posted on 08/22/2013 11:09:27 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee

Love the pic, man!


10 posted on 08/22/2013 11:11:07 AM PDT by Alas Babylon!
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To: Travis McGee

Meant to say, “Love the pic, man, but I want royalties!”


11 posted on 08/22/2013 11:12:05 AM PDT by Alas Babylon!
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To: Mad Dawgg

Hecky durn, what could possibly be wrong? These trains always run on time.


12 posted on 08/22/2013 11:12:49 AM PDT by RedHeeler
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To: Mad Dawgg

China again???


13 posted on 08/22/2013 11:13:00 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: PAR35
you can’t get out until the protected folks do

Could be!

14 posted on 08/22/2013 11:13:20 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: PAR35
"Translation - you can’t get out until the protected folks do..."

Yeah if ya think about it a good way to do it.

Announce that trading is halted. then spread massiver amounts of FUD.

Then watch the orders stack up and before trading goes back online you make sure YOUR orders go in the que so as to maximize your profits or minimize your loses etc.

15 posted on 08/22/2013 11:17:54 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: elpadre
lets wait until we hear form the exalted leader to come to a meanigfull conclusion shall we? or is he on vacation again??


16 posted on 08/22/2013 11:22:21 AM PDT by MeshugeMikey (Block Captain..Tyranny Response Team / al-Kilab Division)
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To: Travis McGee

where’s the rest of that?


17 posted on 08/22/2013 11:22:41 AM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: Alas Babylon!

I like that title, the combination of two titles are perfect for our time.


18 posted on 08/22/2013 11:24:24 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Mr. K

Getting a little more polish, it’s 11K words total, should be up on Monday. I’ll post it here too.


19 posted on 08/22/2013 11:25:17 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: MeshugeMikey
"lets wait until we hear form the exalted leader to come to a meanigfull conclusion shall we? or is he on vacation again??

Didn't the White House have a meeting of sorts with the SEC Yesterday and the press release mentioned 7 times that the SEC was made up of "independent regulators"...?

Just sayin'...

20 posted on 08/22/2013 11:26:24 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg
I was being sarcastic as usual..

if there are any culprits to be held responsible for this morning... Barry ...NOW .has a very drastic way of dealing with them


21 posted on 08/22/2013 11:30:25 AM PDT by MeshugeMikey (Block Captain..Tyranny Response Team / al-Kilab Division)
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To: elpadre

Anyone find it curious that Obama just met with Wallstreet regulators yesterday? Perhaps the NSA needed to insert their software into the trading programs?


22 posted on 08/22/2013 11:34:27 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: Mad Dawgg

Yeah, but it’s the attacking Chinese processors that are the problem.


23 posted on 08/22/2013 11:35:06 AM PDT by citizen (We get the government we choose. America either voted for Obama or handed it to him by not voting.)
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To: Travis McGee

I have written a story almost exaclty like that!! Did I steal it from you? How dare me~!

Except mine starts in a crowded park where suddenly people start staring at their cell phones as odd messages start coming in, and suddenly all around everything starts going bonkers (street lights malfunction leading to car crashes, lights on buildings all going off)

It turns out some programmer accidentally flips the default value on one little bit, on one little boolean variable, in one little piece of internet communications protocal software from false to true, which makes it echo and repeat every command given before sending it on.

The leads to an immediate and exponential doubling of internet traffic in microseconds, as messages are replied to answer original messages which are then replied back to the answering messages, and so on, that brings down everything connected to the internet.

And everythig is connected to the internet, so everything stops.


24 posted on 08/22/2013 11:39:54 AM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: blackdog

the timing is quite a coinky-dink, eh?

as well as the activity level of this dipwad when he had a curiously short (for him) august vacation

hopefully the rest of the govt (congress) is enjoing corn dogs at their summer mansions


25 posted on 08/22/2013 11:40:13 AM PDT by silverleaf (uite a coinky dink)
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To: Travis McGee

Seriously, this is a kickass story so far. Gotta tell ya, I’m a sucker for Apocalypse Fiction. This is JUST my cup of tea.

Hope you throw in a few pointers on how to make it through it all, btw.


26 posted on 08/22/2013 11:40:51 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Travis McGee

Sadly, your story doesn’t sound like fiction.


27 posted on 08/22/2013 11:41:28 AM PDT by citizen (We get the government we choose. America either voted for Obama or handed it to him by not voting.)
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To: Mad Dawgg

There’s a video on the CNBC web page. (9:14 min) Brian Sullivan, Bob Pisani and Bertha Coombs

http://video.cnbc.com/gallery/?play=1&video=3000193077


28 posted on 08/22/2013 11:44:41 AM PDT by Whenifhow
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To: silverleaf

In a martial law scenareo, freezing people’s assets becomes a weapon used by government. I’m expecting that everyone’s assets will be frozen and then released on a case by case basis. Those who are not friends of Obama will have their accounts rolled over into US Treasury Notes. The gubmint will take the cash value.


29 posted on 08/22/2013 11:45:55 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: blackdog

So....friends of Obama = FOO?


30 posted on 08/22/2013 11:57:22 AM PDT by citizen (We get the government we choose. America either voted for Obama or handed it to him by not voting.)
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To: Travis McGee

Waffle House staff, prisoners at work. Until the food runs out. Nowhere to go anyway.


31 posted on 08/22/2013 11:59:33 AM PDT by citizen (We get the government we choose. America either voted for Obama or handed it to him by not voting.)
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To: blackdog

I find it highly suspect!


32 posted on 08/22/2013 12:11:22 PM PDT by penelopesire (TIME FOR OBAMA TO ANSWER FOR BENGHAZI UNDER OATH!!)
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To: Travis McGee

Is this excerpted from a new novel of yours?

I must read it!


33 posted on 08/22/2013 12:31:08 PM PDT by KittenClaws ( You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: KittenClaws

It’s the start of an 11,000 word short story that will be posted on FR around Monday.


34 posted on 08/22/2013 12:34:23 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Mr. K

For reasons that become evident later in the story, I wanted to focus on why this one narrator survived. I even had the grid go down while he was asleep in a motel on a road trip. But I find your description of folks’ moment-by-moment reactions to be extremely interesting. One of the goals with my new story is to encourage writers in other fields to explore their own ideas of how it might unravel. I’d love to get the guesses of nuclear plant engineers, police officers, nurses, etc. Hour by hour as the grid falters and dies.


35 posted on 08/22/2013 12:43:04 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee

I’ll be here!

Thanks.


36 posted on 08/22/2013 12:47:20 PM PDT by KittenClaws ( You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: Travis McGee
Is this a released story yet?

Here in the Midwest, we often get storm related power outages. My plant manages with a generator in order to get things in a safe condition, and we don't do things that cool anyway.

But some places will get quite eventful if the outage lasts for an extended period of time.

37 posted on 08/22/2013 1:07:04 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

It will be out on Monday, I’ll post it here on FR.


38 posted on 08/22/2013 1:43:37 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Mr. K

Something similar to that happened in the early days of ARPAnet, before al-Gore invented it.

Once it’s size increased to a certain “critical mass”, it at one point, before it got reeled-in, was strangled by auto-replies to auto-replies to auto-replies...


39 posted on 08/22/2013 2:26:37 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Travis McGee

Where else you posting it?

WRSA?


40 posted on 08/22/2013 2:29:40 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: penelopesire
And Now The NYSE Breaks: NASDAQ HAS DECLARED SELF HELP AGAINST NYSE ARCA Thursday, August 22, 2013 4:45:54 PM · by SatinDoll · 1 replies Zero Hedge ^ | August 22, 2013 | Tyler Durden Wondering why the ES is soaring? Because the NYSE just broke, too. NASDAQ HAS DECLARED SELF HELP AGAINST NYSE ARCA (ARCA) NASDAQ DECLARES SELF HELP AGAINST NYSE ARCA AS/OF 15:26:42 E.T NYSE ARCA HAVING DIFFICULTY PROCESSING OUTBOUND TAPE C QUOTES And BATS too: BATS HAS DECLARED SELF-HELP AGAINST ANOTHER MARKET CENTER BATS SAYS ROUTING TO NYSE ARCA HAS BEEN SUSPENDED AS OF 15:39 An absolute circus meant only to preserve confidence in a rigged, manipulated system based on incorrect electronic trades.

sO ANY DOUBTERS ABOUT OBAMA'S MEETING YESTERDAY WITH WALLSTREET REGULATORS.

41 posted on 08/22/2013 2:53:45 PM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: Travis McGee

now you just gave me another great idea- restart the story from several different points of view, and then somehow they all meet up at the end


42 posted on 08/22/2013 4:14:18 PM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: Mr. K
The Bridge of San Luis Rey.
43 posted on 08/22/2013 6:07:30 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring

thank you!


44 posted on 08/22/2013 7:46:50 PM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: Mr. K

You’re welcome.


45 posted on 08/22/2013 8:07:23 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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