Market Breaks As Multiple NYSE Trading Halts See Entire Berkshire Market Cap Wiped Out
Something snapped just after 9:40 am, when as the market was still reeling from the latest idiotic move in meme stonks
By Tyler Durden
Something snapped just after 9:40 am, when as the market was still reeling from the latest idiotic move in meme stonks, we just saw one of the world's largest companies - Berkshire Hathaway - wipe out just about 100% of its value and crash to basically zero...
... amid a cascading wave of trading halts sparked by a break at the NYSE:
- *MULTIPLE NYSE STOCKS SHOWING VOLATILITY TRADING HALTS
... which the exchange quickly admitted it was at fault for.
*NYSE EQUITIES INVESTIGATING REPORTED TECHNICAL ISSUE
The full list of halts can be found on the NYSE site and includes the following names:
Among other notable names that crashed and were halted on a Limit Up, Limit Down Circuit breaker were Chiptole, BMO, NuScale.
And while we wait to learn what exactly caused today's "market break" which may have just afforded us a glimpse of true market values, we can only reminds readers of the immortal words of the Big Lebowski:
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