Serious Technical Prob W/Nasdaq - Trading Halted

scott

Initially was recommending all orders be routed to other exchanges, although it would appear that's not happening now. Discussion on CNBC.

Nasdaq has halted all securities at this point. This has been going on for nearly an hour.

hank

Thanks Scott. The NASDAQ ticker's been stuck at 3631.17 for over an hour. Don't suppose it will re-open at 5,000?

Update: White House announces Treas. Secretary Lew is on this.

David_Snowball

The NYSE, likewise, and Morningstar is nigh unto frozen.

scott

Reply to @hank: Apparently there will be (whenever it actually reopens), a few minutes of quotes and then reopen. Now passing 90 min. Pretty remarkable. Market is quiet and doesn't seem to care much, but what if there was something significant going on and this happened?

Oddly though, a fairly significant drop in Apple moments before nasdaq froze up.

Update: Looks like will probably pass two hours.

David_Snowball

Reply to @scott: I warned them this would happen if they pissed off Steve Jobs.

scott

Reply to @David_Snowball: lol. I think Ashton Kutcher probably did not please Steve Jobs either (although admittedly I haven't seen the "Jobs" movie.)

Nasdaq now saying trading apparently going to start trading again at 2:45ET, although we'll see how that goes.

scott

Reply to @scott: Now 3:25ET for trading. lol.

scott

Reply to @scott: Back trading again. Thread can be either just left as is (anyone's thoughts on investor confidence?) or closed.

Still some problems though:
http://www.zerohedge.com/news/2013-08-22/and-now-nyse-breaks-nasdaq-has-declared-self-help-against-nyse-arca

http://www.zerohedge.com/news/2013-08-22/nbbo-breaks-aapl-offers-are-below-bids

Still no word from Nasdaq about what happened.

Ted

Reply to @David_Snowball: What Happened To Nasdaq Today !
Regards,
Ted
http://www.cnbc.com/id/100968086/print

David_Snowball

Reply to @Ted: "a stray squirrel shut down the Nasdaq in 1987"

I love technology.

Thanks, big guy!

David