Posted on 07/08/2015 8:48:37 AM PDT by rdl6989
Trading in all symbols was temporarily halted on the New York Stock Exchange floor Wednesday due to an apparent technical issue.
"NYSE/NYSE MKT has temporarily suspended trading in all symbols. Additional information will follow as soon as possible," the NYSE said in a statement on its status page.
A technical issue caused the trading halt, Reuters reported, citing a source. Trading stopped around 11:30 a.m. ET.
(Excerpt) Read more at cnbc.com ...
I think we may also.
Just the other day I predicted, on FR, a mega event that will take the killing of the woman in SanFran right off the news. It happens all the time with Obama, an event damaging to him/liberals arises and WHAM within days, it becomes back page news due to another event.
The NYSE might be trying to be gamed by folks looking to recoup their three trillion dollar loss.
Isn’t there a halting mechanism that is activated when the trading becomes very unstable? Like a market tank?
For all it’s worth, I could not access my banking online account this morning. Had to call technical assistance. Tried changing my password 5 times. Lady who answered said maybe “it” didn’t like the new password, even though I was following all 4 of the rules. what? Finally got it going, but now seems weird that it was around the same time.
Circuit breakers. The market hasn’t dipped that much.
The NYSE might be trying to be gamed by folks looking to recoup their three trillion dollar loss.”
It’s as if a Billion Chinese suddenly cried out in pain and fear at exactly the same time, screaming, “MARGIN CALL!!!”
(Or “Malgin carr!”, as the case may be)
Maybe we don’t SEE the market dip because it was halted. ??
The halting mechanism kicks in for several different reasons. The markets tanking is one of them. Another is unusual volume across a market sector, and sudden drops that occur in a matter of seconds.
I think there's a few others which escape me at the moment.
Difference being they announce those halts, based on rules already in place.
That sounds a bit ominous.
That’s a perfectly logical point, but I think it has to dip to something like 10% before the breakers kick in.
If I knew who “Anonymous” was, I would make sure that he had a bad day.
Oh, I feel so much better now that Josh Earnest has come out and told us nothing. (sarc)
Bump to post 111.
That’s what I thought. I studied for the Series 6 once many years ago.
With all the chaos....right...just a glitch.
I just love how the FBI always issues a statement saying “not terrorism” almost before an event occurs.
I expected as much from him.
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