Post
Topic
Board Economics
Re: NY Stock Exchange brought to a HALT
by
CryptoRev
on 08/07/2015, 19:06:12 UTC
Technical difficulties my a**. It's clearly the fear.
China is falling, Europe is falling,.. not a great day for trading..... unless you trade Bitcoin, of course  Grin


Actually it probably is a technical issue. The NYSE already has a process called "the curbs" that halt trading if the market falls more than 5% (could be less). It's meant to prevent a crash like what happened in 1929, so the market cannot just fall to zero or lose significant value (broadly) in a single day. The curbs were in the day of 9/11 for example and other dates that have caused negative turmoil to the markets.

I doubt they'd create some fake issue when they already have a regular process in place to address these issues.

LMAO I just cannot help but laugh about that 5% stop.. free market BAHAHAH no it's not.  Where is the stop if it skyrockets 5% OH THERE IS NOT ONE.. fucking money pigs man.. such fucking pigs.



Still not completely against this isn't the start of a cyber war.. American airlines shutdown... NSYE... testing out their weapons perhaps..

For better understanding of how NYSE circuit breakers work, the percentages and levels please visit
https://www.nyse.com/markets/nyse/market-model