Random thoughts by Gary on the NYSE outage!
This is nothing right now…almost a tiptoe through the tulips. Doesn’t resemble flashcrash in any way. Back then, S&P dropped 100 points and came back up.
If this is a hacking, then a lot of confidence is lost…but would they tell us if it was a hacking? There was a tweeted warning last night about “wonder if Wall Street will have a bad day tomorrow!” Hmm!
Every second down is a bad second…and to be blunt, needs to get fixed today.
I would have stopped all trading…just in case. But so far, no biggie.
So far, the powers that be, have not handled this well. If it was me running the show, I would have been on the tube already.
As long as my direct tv is working, all is well!
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Thanks.
Mike