Monday, December 19, 2016

I spoke too soon

The last time the NYSE halted all trading, the market was surprised by just how little impact the half-day disruption had. Well, we are about to find out if that is again the case because moments ago the NYSE reported that "NYSE Arca has identified a technical issue that will require a temporary suspension of trading at 10:50 ET.  Trading is expected to resume at 11:05 ET. All orders on NYSE Arca will be cancelled."

Stopping for what? Jammed because traders are testing the book, they do not have fair access to the book. The organizers of the NYSE and their SEC regulators have to assure that the designated fixers get time on the net, so as to rig the game.  

This is not a conspiracy theory.  This is the kind of price fixing we get when technologists withhold solutions. Silicon Valley is trying to hold off on pure cash and fair trading, until our affirmative action Senator can guarantee a patent.  Our best hope at this point is Amazon. Yahoo seems to be permanently lost, and they have lost most of the technologists. 

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