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[–] BurtonG 1 points 88 points (+89|-1) ago  (edited ago)

Word around the office is that its a "Gateway connectivity issue"

EDIT: The more I look at this and hear it, the more likely this is the root problem. They had gateway issues earlier today and even left 1 of 3 routers out of service.

    The following BCCG gateway will remain offline for the remainder of the day and be returned to normal service for the next trading session.
            159.125.65.142

So, they could have had routing issues, or load issues and stopped everything so they ensure they don't loose any trades.

EDIT 2:

trading is back

MARKET RE-OPEN TIMES

    We will begin accepting orders and resume trading according to the following schedule:

        3:05pm  NYSE MKT - Primaries only
        3:10pm  NYSE

    Closing auctions will continue as normal.

reference: https://www.nyse.com/market-status/history

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[–] TommyBombadil 0 points 147 points (+147|-0) ago 

Have they tried turning the NYSE off and back on again?

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[–] BurtonG 0 points 8 points (+8|-0) ago 

https://www.youtube.com/watch?v=C2Ph8zwpNyI

itll be fixed when support finally answers the phone

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[–] political_anus 0 points 6 points (+6|-0) ago 

Oh, and make sure the ethernet cable is securely plugged into the back of the device....and one last thing, did you purchase 600 or 900 minutes of AOL? sarcasm

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[–] Terkan 1 points 3 points (+4|-1) ago 

No, you have to wait 10 seconds before turning it back on.

[–] [deleted] 8 points 2 points (+10|-8) ago 

[Deleted]

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[–] novictim 1 points 15 points (+16|-1) ago 

The Stock Market is collapsing. The information coming out of the systems that are up are a mirage.

Misinformation is a gateway drug and Cramer is the pusher.

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[–] delicious_grownups 0 points 6 points (+6|-0) ago 

Good. I say let that shit burn

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[–] BurtonG 0 points 5 points (+5|-0) ago 

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[–] antiplebbitor 1 points 4 points (+5|-1) ago 

Upgoating for unvarnished, unblemished, total TRUTH.

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[–] Detry 0 points 0 points (+0|-0) ago 

9 hours later it looks like this will probably just end up being a sharp spike.

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[–] BeerBaron 0 points 11 points (+11|-0) ago 

Has something like this every happened before? The technical failure that they're experiencing?

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[–] BurtonG 0 points 9 points (+9|-0) ago 

I see similiar things, NYSE usually doesn't usually go down, but everyone has technical difficulties. Most trading is done away from the floor now, so the Tech is super important to people. We usually put in specific connections back to the NYSE or Bloomberg to Client trading floors. I've seen that side of things break plenty.

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[–] SierraLima 0 points 4 points (+4|-0) ago 

Yes, it has happened 7 times since 1817, one was the 9-11 attacks, another was JFK getting shot in the head. No big deal today though.

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[–] MasterShakeHalen 0 points 1 points (+1|-0) ago 

Not really. There was the 'flash crash' in 2010. https://en.wikipedia.org/wiki/2010_Flash_Crash but check out the history of closures, this is pretty bizarre. http://www1.nyse.com/pdfs/closings.pdf

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[–] lifes_a_beach 0 points 1 points (+1|-0) ago 

It's a safe bet that most companies have had gateway problems at some point.

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[–] gopher_village 0 points 9 points (+9|-0) ago 

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[–] BurtonG 0 points 5 points (+5|-0) ago 

yea, I have no idea what took the router out in the first place. That I'll leave to the conspiracy theories. to help, there was talk about cisco building in a backdoor to equipment at one point, so if that was true and was found, someone could brick the devices. #SomeoneHadAPlan

on the other hand, routing gives me a headache so i believe it can get FUBAR pretty easily.

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[–] Sargon16 0 points 44 points (+44|-0) ago 

China crashing, Greece a mess... the hits just keep coming. Futures are still open, and dropping.

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[–] BeerBaron 0 points 23 points (+23|-0) ago 

When I first heard the news I actually thought it was a result of China's crashing and thought the beginning of the end had hit.

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[–] flat_hedgehog 0 points 4 points (+4|-0) ago 

Same. I thought the panic had spread.

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[–] Barry_Allen 0 points 3 points (+3|-0) ago 

I'm definitely not in the mood for the end-times.

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[–] Kabuthunk 0 points 0 points (+0|-0) ago 

Give it time. It boggles the mind that people don't think China's stock market crashing will affect those not in China. These are global things, what happens to them has global consequences.

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[–] mipbar 0 points 5 points (+5|-0) ago 

Sounds like banks are behind it all

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[–] lord_nougat 1 points 4 points (+5|-1) ago 

...and they would have gotten away with it too if it weren't for those meddling kids!

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[–] GardenState 0 points 2 points (+2|-0) ago 

They just turned on Skynet.

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[–] LaserOstriches 0 points 2 points (+2|-0) ago  (edited ago)

Thank god I live in Oklahoma where none of the nukes are targeted by default.

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[–] Kabuthunk 0 points 0 points (+0|-0) ago 

So many dominoes falling, and so few people abjectly refuse to see them as dominoes.

Oh well, willful ignorance only goes so far nowadays. Sooner or later, reality has to be accepted.

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[–] unatco 0 points 39 points (+39|-0) ago 

It's definately a hack. Besides the United Airlines system going down briefly, a German missile battery was also hacked and was issued 'unexplained orders.' Guess this is how it begins.

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[–] ssldvr 0 points 16 points (+16|-0) ago 

Yeah, this seems a little too coincidental.

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[–] mburke1124 4 points 32 points (+36|-4) ago  (edited ago)

Lets all take our foil hats off and think rationally. These thing can all be explained. Greece borrowed well beyond their means after entry into the Eurozone and doesn't want to pay it back; any one who has watched China's stock market over the last few years could see a bubble forming and it was predicted to pop, United Airlines being down (from what I understand from a friend at Oracle) is that they had a database system error United has said it was router issue (from user FriendsWithPools), and this appears to just be a down network issue.

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[–] bubblesort 1 points 11 points (+12|-1) ago 

That's a little tin foil hatty, but at the same time... this down time is really good for the Chinese stocks because they were taking a beating. If I was more of a conspiracy theorist I would be rushing to blame Chinese government hackers for this right now.

Who knows, you might be right. If Assange and Snowden and other leakers in the news over the past few years have taught us anything it's that we usually aren't paranoid enough.

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[–] Traditional_Values 0 points 4 points (+4|-0) ago 

My fear is that we aren't paranoid enough. Kaspersky's white papers on Equation Group are worth reading.

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[–] ObscureMammal 0 points 9 points (+9|-0) ago  (edited ago)

If you haven't seen it yet, Anonymous tweeted this last night

https://twitter.com/YourAnonNews/status/618626955433349120

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[–] Nationalist 1 points 1 points (+2|-1) ago 

Why do they have 1.4 million followers?

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[–] Puppiesloveme 0 points 4 points (+4|-0) ago 

Who would have the capability and motive to hack UA, a German Missile and the NYSE? I'm not sure I see the connection. Someone below suggested maybe the NYSE bought themselves time because of what's going on in China but to be honest, any Financial Advisor/Fund manager worth their salt would have seen the signs from far. Seems a little tin foil hat to me.

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[–] ShakeWell 0 points 1 points (+1|-0) ago 

Agreed. China's bubble and the issues in Greece have been on the radar of people who need/should/get paid to know for over a year (years with Greece). The coincidental timing of the default and sell off are unfortunate but not related. The issues in China were internally born and the EU problems have little to do with the adjustment in the Chinese market.

We are network dependent, so bad things happen when network systems fail. This doesn't warrant bugging out to the shelter just because a few systems fail or are compromised within a close time frame.

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[–] novictim 0 points 30 points (+30|-0) ago  (edited ago)

...oh, it's just a glitch! Never mind that the CHINESE Stock Exchange is in free fall.

Think, people! Here is the MSM treating you like the muppets that they want you to be. Every talking head "Economic reporter" is pushing the same line that this is just an unfortunate coincidence? Who believes this shit?

Kramer (Cramer), that douche bag that entirely "missed" the 2008 crash is mouthing the party line here. Is he divesting when he is off camera? You bet he is.

The Masters of the Universe are plopping-down all their Media chips to push the "CALM!" button with the public.

The smart money is already out and the muppets are going to be left to soak up the harm.

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[–] Sorahzahd 0 points 9 points (+9|-0) ago 

I find it funny that so many people have blind faith in the same dipshits that were unable to predict the hyper obvious 2008 crash, which plenty of people who don't simply repeat dipshit propaganda also predicted just fine.

The fact of the matter is that the central banker scam is unsustainable and it's inevitably going to fail. The question is when, and it looks like it won't be too long... a matter of years, not decades.

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[–] novictim 0 points 0 points (+0|-0) ago 

Housing is the next shoe to drop. Watch.

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[–] 658749? 2 points 4 points (+6|-2) ago 

Or it could just be a technical hitch, who knows.

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[–] novictim 0 points 5 points (+5|-0) ago  (edited ago)

"hitch"...perpetrated deliberately just as the Chinese Markets implode taking an immediate $4trillion dollar loss and counting.

Is that what you meant to say? Come on. Muppet logic won't help you.

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[–] MasterShakeHalen 0 points 2 points (+2|-0) ago 

technical glitch seems unlikely to me. Any sane person would have multiple working versions ready to go as back up. This seems fishy.

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[–] Nationalist 0 points 2 points (+2|-0) ago 

Kramer (Cramer), that douche bag that entirely "missed" the 2008 crash is mouthing the party line here.

I liked him in Seinfeld though, so there's that.

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[–] novictim 0 points 1 points (+1|-0) ago 

His advice was better then too!

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[–] EINARR_THE_BERSERKER 0 points 20 points (+20|-0) ago 

Speculation time! I'm curious if it's one of two things:

  • USA has been meddling with China's stock market, causing it to crash. Chinese hackers brought ours offline.

  • Wall Street is heading for an imminent crash right now, and the NYSE brought itself offline covering as a "technical glitch" to keep panic from spreading while they figure out how to prevent an all out crash.

I'd really like to hear an expert in the field tell us his/her speculation about what's going on. Either way, there's something very fishy that doesn't add up, and I have a hunch today or the coming days might be historic.

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[–] BeerBaron 0 points 10 points (+10|-0) ago 

I'm leaning on #2 myself. If the 'glitch' isn't fixed and NYSE back up by the end of the day then I'll be hard pressed to be convinced of anything else.

[–] [deleted] 0 points 5 points (+5|-0) ago 

[Deleted]

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[–] tiki203 0 points 5 points (+5|-0) ago 

Personally I thought #2 was what happened the moment I heard about it. I'm no expert, but considering all of the global circumstances it seems likely.

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[–] unnecessarily 0 points 2 points (+2|-0) ago 

The problem with theory #2 is that NYSE listed stocks were still able to be traded through other markets which absorbed the extra volume, like Nasdaq. So if they were trying to prevent a crash by halting trading they failed.

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[–] physicscat 0 points 0 points (+0|-0) ago 

I think your second bullet hits it.

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[–] compbioguy 0 points 9 points (+9|-0) ago 

They are saying it is a technical issue, but I was sure it was over Greece or China. The markets are going to be rough over the next couple of weeks, I think

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[–] Oriumpor 0 points 5 points (+5|-0) ago 

Greed sell, Fear buy.

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[–] bananasteel 0 points 9 points (+9|-0) ago 

I'm glad cnn has this new graphic to make me feel safe.

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[–] ObscureMammal 0 points 6 points (+6|-0) ago 

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[–] Foxy_Boxes 0 points 6 points (+6|-0) ago 

GAME OVER, MAN! GAME OVER!

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