Lots of paint; Japan now open

[solarbird]

Bloomberg is reporting that NASDAQ is going to cancel all trades +/- 60% above or below the prior trade. (Under "Clearly Erroneous" trades rule, filed May 2009. MSNBC says affected trades are between 2:40pm and 3pm Eastern time.

See, here's somebody's video showing the Dow already down 560 with P&G still just down $1 or so. Yeah, P&G also tanks and sends things lower but the DJIA was already trashed. I'm seeing this across multiple charts.

Breaking (courtesy xenoweeno): NYSE, Nasdaq, will "cancel all trades executed at prices that were greater than or less than 60% away from the last printed price prior to 2:40 p.m. Eastern time, up to 3 p.m." This repaints the entire day. Assume ALL stock exchange data from today is pending repaints. NASDAQ insist that there were no technical failures during the event. The stocks listed as affected by NASDAQ action are here; it's a huge list with huge valuation adjustments. This is a big. fucking. deal.

Nikkei is open, and down 414.14 (-3.87%) out of the gate.

eta: Ooooh, I missed this, earlier: Swiss central bank stops defending Euro, allows the Franc to rise against the European currency. That was this morning. Interesting.

Comments

[solarbird]

Added, thanks.

[gwendally.livejournal.com]

Friending you, by way of xenoweeno.

We share a certain cynicism that I like. :-)

Also, I live where you went to high school. (And am thinking of sending my Small Boy there.)

[interactiveleaf.livejournal.com]

Dear ghod, have you not been reading solarbird all this time?

I feel as if I've failed you somehow.

[solarbird]

Wait, really? OMG

[triadruid.livejournal.com]

Thanks for all your time and posts on this. I don't understand half of it, but it's fascinating reading nonetheless.