Trading halted on NYSE floor

CNBC ^ | July 8, 2015

[NormsRevenge]

THey’re back. Trading has resumed on NYSE. Shep almost wet his pants.

[rdl6989]

He needs a little more makeup.

[anymouse]

Just sayin' someone should find out where these two are right now. ;)

[BlueLancer]

TURN THOSE MACHINES BACK ON!!

[Chgogal]

Wrong Die Hard - Live Free or Die Hard.... ; )

[Chgogal]

We need to send Shep boat loads of Depends. ; )

[EEGator]

Post#53

[Zuben Elgenubi]

NYSE's Farley announced the "trading was halted to allow Goldman Sachs to sell their positions and go short"

"When we open, this will initially drop faster than my ex-wife's panties"

[anymouse]

I know but the funny pics were available from the original.

[apoliticalone]

I was unable to complete 800 number calls today to a corporation because all circuits busy? It seemed very out of place and others had similar problems.

[John S Mosby]

Cool map. What is the location (node?) located in the midwest which appears to be the attack location of choice from many origins?

Kansas City. Where we moved the NYSE off node site after 9-11?

Could not read the active target list other than country. In this US this was the biggest, and Chicago, Miami and some other further West from the biggie that then went in to the biggie.

Also very interesting corporate site and products. Seems like maybe “the company”?

[laplata]

Yes, it’s interesting to watch and easy to recognize most of the targets. I haven’t seen any targets below the Equator.

It seems that a target could only absorb so many hits before the barriers were penetrated. But I’m totally ignorant on such matters so who knows.

I’ll have to check out the company. Thanks for bringing that up.

[Sawdring]

You nailed it! Good job.

[Greetings_Puny_Humans]

Those Commies in Anon were probably referring to what was happening in fellow Communist China, expecting trouble in markets today. Not enough to claim it was foreseeing the hack.

[BlackVeil]

Yes, I see a murky connection to the market falls in China. They have enormous expertise in hacking and computer systems.

The United airlines outage also seems to be more than a coincidence.

This might be a small indication of great trouble to come.

[WTFOVR]

A reader on Ann Barnhardt’s blog posted the following commentary:

“Regarding the tech “glitches”… they all seem to be connected to router issues. If built correctly (a big assumption in a lot of large enterprises) the loss of multiple routers should only slow traffic, not stop it. The internet itself — Internet Protocol — was based on the concept of dynamic re-routing of traffic. You probably know this: the internet was the result of DOD project to build a communications network that can survive near-complete destruction resulting from a massive nuclear exchange. The key to making it work is the network’s ability to detect missing/damaged routes and network segments and intelligently find an alternate route. In the late days of Operation Desert Storm the old Unix geeks and hackers (they of the long, silver pony tails) went ballistic with joy because their invention got its first real-world test: we had bombed, smashed, sliced, and eviscerated over 80% of the Iraqi communications interconnects and infrastructure but command and control messages were still getting through from Baghdad to Basra… albeit through strange routes that took the traffic through Syria, Israel, Saudi Arabia, and even AT&T’s data networks before terminating at the intended end point. Traffic was delayed up to a few seconds but the messages got through.

So how does one router going down at United bring its network to its knees…. and was that an American-made Cisco or Brocade or HP or Juniper router or a Chinese made Huawei router?

You’re right… those who should care can’t understand, and those who understand already know.”

***

I agree. This was no “tech glitch” .... and I suspect Miss Ann has scored another goal on the “See, I told you so” board:

The BLACK SWAN ...

“There is no bid. There. Is. No. Bid.”

So the Chinese stock market is collapsing and has gone no-bid and is being shut down, prices on the street in Greece are already being quoted in Drachma, and now the NYSE has gone no bid, and it is being blamed on a tech glitch. Riiiiiight. United Airlines, the Wall Street Journal and ZeroHedge all had simultaneous “tech glitches” too.

Ask not for whom the Black Swan honks. It honks for thee.

Here is the full version of my Economics Presentation from ARSH 2012, and I have it keyed to begin at the 2:09:40 mark, where I discussed how the markets would go no bid when the black swan event happened, and thus the urgency of getting out before that happened.

If you didn’t get out of the markets I simply cannot feel sorry for you.”

https://www.youtube.com/watch?t=6771&v=7bA_NbYSaGM

[jjsheridan5]

I agree. This was no “tech glitch”

China was always going to be the trigger. They became the premier labor-intensive export economy at a time when the global economy expanded by a factor of ~2-3 (the fall of the Soviet Union, the addition of India, eastern Europe, and, of course, China itself). A great way to bring in capital, but it could never last, and they allowed corruption and faulty economic theories to create the largest "bubbular" and mis-allocated economy the world has ever seen. While the rest of the world went full retard, China trumped them all.

But, they have skills. And a massive reservoir of engineers and hackers. They may have painted themselves into a corner, and they may be facing an almost certain centrifugal collapse, but they will not go silently into the night. That is for certain.

[RedWing9]

"So how does one router going down at United bring its network to its knees"

Ever hear of a "Core" router? Sometimes organizations may not have an active-active setup for such devices. Sure the DOD built the Internet (TY A.G.) to be self-healing, but private networks still have single points of failure.