Technical glitches everywhere?

[Dave_L]

What's going on today?

All United flights grounded nationwide.

http://www.usatoday.com/story/travel/flights/2015/07/08/technical-glitch-disrupts-united-flights-nationwide/29854733/

Stock market halts trading.

http://nypost.com/2015/07/08/new-york-stock-exchange-suspends-trading-after-technical-issue/

[tinhat]

[Great-Kazoo]

Some tech slipped in Greece

[Hound]

It's the end of the world as we know it... It's the end of the world as we know it........

and I feel fine......[panic]

[roberth]

Trading stopped in NY b/c TPTB don't want the paper markets to go down too much in one day.

This is all about controlling the outcomes and making sure the stupid, ignorant public remains ignorant of all the bullshit going with these markets.

They are building the case for more QE, because they're so smart they backed themselves into a corner where QE or HUGE markets losses are the only options.

[Sawin]

WSJ website was down for an hour too.

But they're reporting the NYSE halt was due to internal technical issues, not a breach or cyber attack.

[Dave_L]

http://www.forbes.com/sites/thomasbrewster/2015/07/08/hacking-team-exploits-used-by-crooks/

Hacking team got hacked or let their tools out into the wild for anyone to use.

[roberth]

The "they" I'm talking about are the FedRes/FedGov/Wall Street wizards who think that just because they all went to Harvard Business School means they are infallible.

QE and market controls are the hallmark of socialism/facism/communism and the "command economy".

These people need to let the free market be free and run based on value of products and services instead of picking and choosing who the winners will be.

[HoneyBadger]

Sort of related to tech glitches and equally as scary: http://www.autoblog.com/2015/07/07/hackers-send-unexplained-orders-german-patriot-missile-battery/

If you haven't been paying attention to cyberspace, you should probably start now...

[TFOGGER]

Keep in mind the Chinese stock market is in free fall as well...

http://www.huffingtonpost.com/2015/07/08/china-stock-market_n_7752190.html

Sorry to use the Puff Host as a source, but they were the first one to come up...


BEIJING (AP) — China announced a flurry of new moves Wednesday to halt a stock market slide. The result? Another big dive in share prices.The government told state companies and executives to buy shares, raised the amount of equities insurance companies can hold and promised more credit to finance trading.
Hundreds of companies have halted trading in their stock after emergency measures announced last weekend failed to stop a rout that has dragged down the benchmark Shanghai Composite Index by more than 30 percent since early June.

The Shanghai index lost another 5.9 percent on Wednesday despite the new measures and Hong Kong's Hang Seng index closed down 5.8 percent after diving as much as 8.5 percent earlier in the day.

[sellersm]

I can't say much that won't get me put on more people's Ignore Lists, except for this: don't worry about the "glitches", worry about the 'proposed solutions' to make us 'safer on the internet'!!

[Skip]

Trading stopped in NY b/c TPTB don't want the paper markets to go down too much in one day.

This is all about controlling the outcomes and making sure the stupid, ignorant public remains ignorant of all the bullshit going with these markets.

They are building the case for more QE, because they're so smart they backed themselves into a corner where QE or HUGE markets losses are the only options.

This.

NYSE has spent billions making sure a day like this would never happen. And it's just a coincidence that happens with the Chinese market and Greece?

It's an economy of perceptions--free market died with too big to fail.

[Sawin]

I work for a financial firm... At least some of our advisors thought this too ^.

[TFOGGER]

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-219c-11e5-aa5a-398b2169cf79.html#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

[roberth]

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-219c-11e5-aa5a-398b2169cf79.html#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

No never...[Sarcasm2]

[roberth]

This.

NYSE has spent billions making sure a day like this would never happen. And it's just a coincidence that happens with the Chinese market and Greece?

It's an economy of perceptions--free market died with too big to fail.

That is correct and the DOW is the leading indicator of that.

Trading halt has been going on for 3 hours now. LOL a glitch, yeah right! Buncha damn crooks and liars.

http://www.marketwatch.com/story/when-the-nyse-malfunctions-heres-what-happens-to-twitter-2015-07-08

[Skip]

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-219c-11e5-aa5a-398b2169cf79.html#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]


That's it--I'm withdrawing my vast fortune from Wells. They better have two crisp 100s waiting for me!

On a serious note... I recall what Barnhardt said. Paraphrasing... If you can't stand in front of it with an AR it's not yours and likely never was.

[roberth]

NYSE back up......oh and hey look it went from 200 down to 273 down......gee I wonder where we'd be now if they hadn't shut it down for 3 hours.

[davsel]

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-219c-11e5-aa5a-398b2169cf79.html#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

A friend sent me this article earlier today:
http://www.bloomberg.com/news/articles/2015-07-08/china-bans-stock-sales-by-major-shareholders-for-six-months
I replied stating that my favorite line from the article is:

“This is not something that would happen in the U.S. or in any other developed market,” said Brian Jacobsen, who helps oversee $250 billion as the chief portfolio strategist at Wells Fargo Funds Management.
Now, the article has been "updated," and no longer contains this quote.

[roberth]

More "command economy" crap from the communists in China...when will they learn.

They'll learn when they and their families are bleeding out in the streets.

[MarkCO]

There are some HUGE cyberattacks today. I saw some screenshots from this site: http://map.norsecorp.com/ that looked like there were literally hundreds of simultaneous attacks at once. Apparently that is a new tactic.

[roberth]

Except that the NYSE ruled out a cyber attack.

Of course I am suspicious of everything they say and with good reason.

[thvigil11]

You guys are forgetting to add Hotchef181818's pool electrical problems.

[panic][panic]

[izzy]

I was mentioning to co-workers, over lunch, that there is too much happening all at once to believe the official explanation. I literally was told to "stop reading Fox news" and that I was paranoid. I honestly can't even come close to an explanation of the actual happenings. Seriously though it's naive to think all this is just a "glitch". I've been developing software for over 15 years and know for sure that when the high up types say something this big is a "glitch" that it's a complete lie. With the amount of money on the line it should be widely known and accepted that there is a deeper explanation that is being held back.

[davsel]

There are some HUGE cyberattacks today. I saw some screenshots from this site: http://map.norsecorp.com/ that looked like there were literally hundreds of simultaneous attacks at once. Apparently that is a new tactic.

Sure are a lot of attacks on St Louise.
NGA?

[cfortune]

I was mentioning to co-workers, over lunch, that there is too much happening all at once to believe the official explanation. I literally was told to "stop reading Fox news" and that I was paranoid. I honestly can't even come close to an explanation of the actual happenings. Seriously though it's naive to think all this is just a "glitch". I've been developing software for over 15 years and know for sure that when the high up types say something this big is a "glitch" that it's a complete lie. With the amount of money on the line it should be widely known and accepted that there is a deeper explanation that is being held back.



I'll block Fox at the firewall, don't worry

[izzy]

I'll block Fox at the firewall, don't worry

I don't actually read it, block CNN and NPR though if you would.

[Irving]

Why would you block any news source?

Never mind, Carry on.

[izzy]

I don't think we actually block anything. I won't likely put that to the test though.

[BushMasterBoy]

Maybe aliens from outer space?

http://www.sundayworld.com/entertainment/trending/most-intricate-crop-circle-yet-warns-of-alien-invasion

[cfortune]

Why would you block any news source?

Never mind, Carry on.


We work at the same place. It was a joke.

[00tec]

We work at the same place. It was a joke.

Buncha overpaid nerds....
:D

[cfortune]

Buncha overpaid nerds....
:D

http://www.reactionface.info/sites/default/files/imagecache/Node_Page/images/saythattomyface.jpg

[00tec]

http://www.reactionface.info/sites/default/files/imagecache/Node_Page/images/saythattomyface.jpg

It's a date!

Besides, what are you gonna do? Hit me with your lightsaber?

[Great-Kazoo]

It's a date!

Besides, what are you gonna do? Hit me with your lightsaber?

Depends who drops the soap first.

[00tec]

Depends who drops the soap first.

Don't know what you were doing with him at your house, but that won't fly here.

[Grant H.]

That went downhill very quickly...

[ROFL2]

[sellersm]

Another view: http://www.digitalattackmap.com/#anim=1&color=0&country=ALL&list=0&time=16624&view=map

[theGinsue]

Maybe aliens from outer space?

http://www.sundayworld.com/entertainment/trending/most-intricate-crop-circle-yet-warns-of-alien-invasion

I don't know why, but I clicked on that link. The "article" opened up with

We’ve all seen crop circles and heard various theories about them: they are naturally occurring, they are the work of pranksters and, most believably, they are the work of aliens from another planet marking out landing coordinates for the inevitable invasion and colonisation of our world.
Really? Out of the theories listed for the origins of crop circles, THAT is the most believable? It's folks like this that let me know that my tin-foil hat isn't too tight after all. These people are nuts!


It's a date!

Besides, what are you gonna do? Hit me with your lightsaber?

Alright, knock the shit off. /"Darth Vader voice changer off". [LOL]

Geeks? Pffffth. Amateurs.

Pedro for President


Another view: http://www.digitalattackmap.com/#anim=1&color=0&country=ALL&list=0&time=16624&view=map

No joke, that page keeps crashing my Safari (iPad) browser when it tries to load.

[Irving]

We work at the same place. It was a joke.

I picked up on it, hence my never mind.

[Delfuego]

Pedro for President


Thanks Ginsue! You can be my running mate :D

[davsel]

This thread is lacking some Ann Barnhardt reminders:
http://www.barnhardt.biz/2015/07/08/there-is-no-bid-there-is-no-bid/

[HoneyBadger]

This thread is lacking some Ann Barnhardt reminders:
http://www.barnhardt.biz/2015/07/08/there-is-no-bid-there-is-no-bid/
Ha, wow. Called it.



As an irrelevant side note, she is significantly less attractive than I had envisioned...

[HoneyBadger]

Ignore all the click-bait garbage at the link.. Is is very interesting: http://www.youngcons.com/anonymous-releases-this-message-night-before-stock-market-has-technical-issues/

the link shows a screen capture of the "Anonymous" twitter account saying, "wonder if tomorrow is going to be bad for Wall Street... We can only hope." It was posted in the evening yesterday.

[Irving]

She is difficult to take at points (2:19:00), BUT even more difficult to deny the rest of the time.

[Great-Kazoo]

Ha, wow. Called it.



As an irrelevant side note, she is significantly less attractive than I had envisioned...


Those 2 fingers on that right hand stirring up memories for you ?

[Gman]

There are some HUGE cyberattacks today. I saw some screenshots from this site: http://map.norsecorp.com/ that looked like there were literally hundreds of simultaneous attacks at once. Apparently that is a new tactic.
That site is more of a light show than anything. There are Distributed Denial of Service (DDoS) attacks on the US on a continual basis. Much of the traffic originates in China.

I've found this site a bit more useful than Norse; http://www.digitalattackmap.com/

I see multiple simultaneous glitches becoming more common. As companies move infrastructure to "the cloud", all it takes is for a cloud provider to have a glitch and multiple users are impacted.

[Skip]

This thread is lacking some Ann Barnhardt reminders:
http://www.barnhardt.biz/2015/07/08/there-is-no-bid-there-is-no-bid/

I would never disagree... She is right about what happens when they run out of options.

But I think a more likely scenario yesterday was strategic purging of open orders. The exchanges see those tickets in real time so they know where the market is going before the trades are "priced in." This was four hours. It was more about getting certain bids out of the system, IMHO.

It's all about perceptions and there seems to be a good public/private partnership willing to do what it takes. A four hour "glitch" is easier to stomach than a trading halt or another flash crash. Remember 2008 (Lehman Bros)? I was in NYC during that and it started the snowball. Imagine the power to make a couple of trading days in 2008 go away?

Compare to China... ~40% of symbols are restricted (long term). That is a shutdown and there's no way to dress that up.

[sellersm]

That site is more of a light show than anything. There are Distributed Denial of Service (DDoS) attacks on the US on a continual basis. Much of the traffic originates in China.

I've found this site a bit more useful than Norse; http://www.digitalattackmap.com/

I see multiple simultaneous glitches becoming more common. As companies move infrastructure to "the cloud", all it takes is for a cloud provider to have a glitch and multiple users are impacted.

Hmmm, same site I linked to in post #37! [Coffee]

[sellersm]

And for those who missed my comment in post #10, I offer these, all dated either yesterday or in the last week:

http://www.gao.gov/assets/680/671254.pdf

http://www.eweek.com/security/u.s.-government-firms-conduct-international-cyber-exercises.html

http://www.defense.gov/news/newsarticle.aspx?id=129200

[Gman]

Hmmm, same site I linked to in post #37! [Coffee]
Sorry, I was in a hurry and apparently wasn't thorough enough...but great minds think alike! [Coffee]

[buckshotbarlow]

i think it's because my wife logged into my linux box...