Trading Halted
- Thread starter conjamuk
- Start date
Wall Street Journals site went down at the exact same time as the NYSE trading floor, but was back up at 12:18pm. This problem only effecting NYSE, NASDAQ is fine.
As well, All United Airlines flights were also grounded early this morning for today, due to a "computer malfunction":
United Airlines Flights No Longer Grounded, Delays Remain - NBC News
All 3 events MIGHT be un-related...
As well, All United Airlines flights were also grounded early this morning for today, due to a "computer malfunction":
United Airlines Flights No Longer Grounded, Delays Remain - NBC News
All 3 events MIGHT be un-related...
More firewalls and securities needed 
NYSE itself handles 10-12% of total volume (tops) whereas it used to be 70-80%, maybe higher - so the stock market as a whole had no liquidity problems today. And that's the only thing that matters. Order flow bypassed NYSE and traded over-the-counter fashion, ie. traded conducted electronically and reported by other exchanges.
This would have been a big deal 15 years ago or longer (back when the floor was all that mattered) if a glitch caused the NYSE to suspend trading for pretty much a whole day; but then again, 15 years ago the markets for securities were made by actual men and were not susceptible to gigantic glitches like we see today.
So it's a nice story but harmless - there are a lot of legitimately scary financial stories out there anyway.
I understand that Greece is in the shitters, but when I heard about China stocks taking a beating, that has me worried, fucking yen
Yeah, over half their stocks have halted trading because it was dropping so fast. Over half of China's stocks have stopped trading - Jul. 8, 2015
Also taking a beating on energy related stocks with oil dropping so low. Monday it dropped 7% all at once. Then my natural gas holding dropped 25% as a result out of nowhere, so I bought more today to average down.
maybe china is trying to hit the US so they are not the only ones with crashing markets? Norse Attack Map
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Are you serious? Averaging down has been my best strategy, what are you talking about?!?!?!?!?!?
LOL I averaged down on REPH at $7.49 and it's hanging around $14. My initial purchase was in the $13 range, then it fell all the way to $7.38, so I'd have sat there 6+ weeks until I broke even at my original position, but instead I made more than 60% by the time it broke even because I doubled down buying more on the lows. It opened at $13.98 this morning, but I'm holding long on all my shit...
Just because it worked once doesn't make it a good strategy. This is how most people go broke in the market, cornering themselves into waiting for a rebound.
Don't get me wrong, I'm not saying the sky is falling (unlike the news agencies reporting on leap seconds), I'm just speculating as to why there was a problem.
What ever the problem was, they fixed it and everything is fine. No harm no foul.
It's pure speculation on my part but my guess would be leap year manifestation.
The 30th of June roles over, the NYSE halts trading for 61 minutes, they resume.
Later they start noticing trade data is being reported wrong, trade times being logged are out by half a second, etc.
They realize the problem and spend several days working on a patch.
They now have a patch, but they need to bring the systems offline to deploy and correct for bad data.
They bring the market offline, apply patch, bring it up again.
Problem solved.
But who knows, maybe it was the Chinese trying to hide their problems by making everyone look at the NYSE
On the exchange and random other things going down, ya'll see the FBI investigation in San Fran for someone cutting the major fiber optic backbone 11 times in various places around the bay area, so far this year?
Either someone's creating jobs in the fiber optic repair field, or someone's maaaaaaaad.
Either someone's creating jobs in the fiber optic repair field, or someone's maaaaaaaad.
