NASDAQ Trading Halted Due To "Technical Issue" 240
barlevg writes "The Wall Street Journal reports that trading was halted midday Thursday due to an as-yet unnamed technical issue. Says SEC spokesperson John Nester, 'We are monitoring the situation and in are close contact with the exchanges.'"
Hello tech support? (Score:5, Funny)
MUAHAHAHAHA (Score:4, Funny)
Does this make anyone else happy for some reason?
It's Apple's fault (Score:2, Funny)
Their stock has been slipping, and right when it dipped below 500 per share, NASDAQ shits the bed.
Coincidence? I think... yeah, probably, actually.
It's Just a Casino Anyway... (Score:5, Funny)
Re:Hello tech support? (Score:4, Funny)
"3 times... You always tell me to do it 3 times."
- The Website Is Down (http://youtu.be/uRGljemfwUE)
Re:Hello tech support? (Score:5, Funny)
You have to restart it while holding down the option key. That will flush the cash.
Right about now ... (Score:5, Funny)
- Flop sweating their asses off
- Furiously searching their email for that ass-covering memo to their boss about the pricey "redundant this" or "redundant that" that the boss was too cheap to get
- Wondering if there is enough alcohol on earth for what they will need later tonight
LET CHAOS REIGN (Score:5, Funny)
Quick, everybody spread rumors about shutdowns and buyouts, those Wall Street fatcats will shit their pants! >:D
Re:I feel indifferent. (Score:4, Funny)
Smart man. Playing the day-trading game against the HFTs is like playing chess against Deep Blue. Might as well have a weight-lifting contest with a forklift.
Re:Hello tech support? (Score:5, Funny)
Re:Right about now ... (Score:5, Funny)
- Flop sweating their asses off
- Furiously searching their email for that ass-covering memo to their boss about the pricey "redundant this" or "redundant that" that the boss was too cheap to get
- Wondering if there is enough alcohol on earth for what they will need later tonight
This is the stock exchange. "Redundant this" and "Redundant that" were in the budget, and alcohol is plentiful.
Don't forget about... (Score:5, Funny)
... the group of MBAs ...
- Flop sweating their asses of
- Furiously searching their email for that ass-covering memo where the IT guy said "Yeah, this should work"
- Wondering if there is enough coke on earth to get them through the rest of the day
For these guys, there are only two universal truths:
1) This is absolutely, positively, 100% the IT guy's fault
2) He can not fix this without the IT guy.
The impotent rage would be palpable.
Re:I don't understand the need for high-speed trad (Score:5, Funny)
Seriously. Is there any real need (beyond that for connected players to be able skim money off the top) for anyone to be able to sell and buy stock (or commodities) in a tiny fraction of a second, instead of say, once every fifteen minutes or even longer?
Time is money. Time passes as new information is acquired or transmitted. Shorter time intervals will therefore always be desirable for making a market more efficient and to accurately reflect reality. The more time it takes to buy and sell, the more risk there is in buying or holding stock, because the stock is less liquid and its value can change dramatically in very little time.
Wait, wait, wait. I'm grokking some of the other points in favor of high-frequency trading, but are you actually claiming that the stock market reflects reality?
Re:Hmmmm (Score:5, Funny)
Re:MUAHAHAHAHA (Score:5, Funny)
When I sell high, I always get the munchies.
Dang that NSA server crashed? (Score:4, Funny)