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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
NYSE halts trading 2nd time this week ? OR IS THAT FAKE NEWS. CME was closed AFTER HOURS, and NYSE halted only targeted trades.
Posted by:
FAKE NEWS HAS GONE TOO FAR
()
Date: March 12, 2020 04:50PM
https://www.breitbart.com/economy/2020/03/12/stocks-drop-tripping-circuit-breakers/
halting of trading is "corrupt" but excusable in a few circumstances
* to prevent purchases during a downfall (this gives certain few people un-fettered leverage, and is a corrupt practice. the next question is WHO)
* to prevent foreign traders from being active in american market while american traders are sleeping (overnight trading - this isn't being discussed) or to prevent foreign or any hostile takeovers (these require court approval). but usa many companies have been taken over by foreigners having huge debt on the promise of "printed paper money delivered" - so expect this is not the cause because the stock exchanges gladly sell off usa companies to people with huge corrupt debt
* retribution. if the foreigners do it, we have to do it to "get back at them"
* computer glitches. high volume trading, if the exchange computers cannot keep up, could be halted "so that trading is fair for everyone". this has NOT been the reason cited. this was done in the ?1980's perhaps into the 1990's?
* inability to cover high volume trades: there is a period of time where money changes hands. trade companies have to have cash until "orders clear". this means during high volume - orders become unclear since new trades elsewhere may have "bankrupted" old trades - and who will cover that situation?
* there are a few more discrete situations: but none of those were "blamed: remember that coronavirus is blamed.
"March 11 (Reuters) - Exchange operator CME Group Inc said on Wednesday it would close its Chicago trading floor after business hours on Friday to reduce large gatherings that can contribute to the spread of the coronavirus."
(this is perhaps corrupt perhaps not - it has a ring of fairness to it but done un-announced is ultimately - "a thing")
https://www.cnbc.com/2020/03/11/reuters-america-update-1-cme-to-close-chicago-trading-floor-on-coronavirus-concerns.html (reuters)
-------------------------------
read that again
it says "close the floor after business hours"
that means during business hours THEY WERE OPEN, that means CNN MSNBC ET AL are telling you the exchanges are closing when actually they are OPEN
--------------------------
the story in ever more corrupt new york is DIFFERENT
"Just as they did on Monday, the S&P 500 hit exchanges’ 7% threshold decline in morning trading, halting trade during regular market hours for 15 minutes to ensure order in the marketplace."
this can be read like: they halted trading mid-day for A FEW MINUTES (so that certain democrats could be informed, make a decision whether to buy when prices were low) (or be the first to sell if they were already required to)
it has no air of fairness about it - and who benefits? not the regular traders who might have made it big that day: the too big to fail traders benefitted (ex. goldman sachs)
--------------------------------
running stock values UP AND DOWN is illegal and it is possible for NYSE to do it - SEC (federal agency) is supposed to watche NYSE like a hawk to insure they are not intently causing ups & downs
halting of trading is "corrupt" but excusable in a few circumstances
* to prevent purchases during a downfall (this gives certain few people un-fettered leverage, and is a corrupt practice. the next question is WHO)
* to prevent foreign traders from being active in american market while american traders are sleeping (overnight trading - this isn't being discussed) or to prevent foreign or any hostile takeovers (these require court approval). but usa many companies have been taken over by foreigners having huge debt on the promise of "printed paper money delivered" - so expect this is not the cause because the stock exchanges gladly sell off usa companies to people with huge corrupt debt
* retribution. if the foreigners do it, we have to do it to "get back at them"
* computer glitches. high volume trading, if the exchange computers cannot keep up, could be halted "so that trading is fair for everyone". this has NOT been the reason cited. this was done in the ?1980's perhaps into the 1990's?
* inability to cover high volume trades: there is a period of time where money changes hands. trade companies have to have cash until "orders clear". this means during high volume - orders become unclear since new trades elsewhere may have "bankrupted" old trades - and who will cover that situation?
* there are a few more discrete situations: but none of those were "blamed: remember that coronavirus is blamed.
"March 11 (Reuters) - Exchange operator CME Group Inc said on Wednesday it would close its Chicago trading floor after business hours on Friday to reduce large gatherings that can contribute to the spread of the coronavirus."
(this is perhaps corrupt perhaps not - it has a ring of fairness to it but done un-announced is ultimately - "a thing")
https://www.cnbc.com/2020/03/11/reuters-america-update-1-cme-to-close-chicago-trading-floor-on-coronavirus-concerns.html (reuters)
-------------------------------
read that again
it says "close the floor after business hours"
that means during business hours THEY WERE OPEN, that means CNN MSNBC ET AL are telling you the exchanges are closing when actually they are OPEN
--------------------------
the story in ever more corrupt new york is DIFFERENT
"Just as they did on Monday, the S&P 500 hit exchanges’ 7% threshold decline in morning trading, halting trade during regular market hours for 15 minutes to ensure order in the marketplace."
this can be read like: they halted trading mid-day for A FEW MINUTES (so that certain democrats could be informed, make a decision whether to buy when prices were low) (or be the first to sell if they were already required to)
it has no air of fairness about it - and who benefits? not the regular traders who might have made it big that day: the too big to fail traders benefitted (ex. goldman sachs)
--------------------------------
running stock values UP AND DOWN is illegal and it is possible for NYSE to do it - SEC (federal agency) is supposed to watche NYSE like a hawk to insure they are not intently causing ups & downs
Re: NYSE halts trading 2nd time this week ? OR IS THAT FAKE NEWS. CME was closed AFTER HOURS, and NYSE halted only targeted trades.
Posted by:
k
()
Date: March 12, 2020 05:22PM
ok so you've been suckered by msnbc to buy a trading pc and are hooked on trading
the truth is that "immediate digital trades" are still not allowed (THIS MIGHT AMAZE THOSE WHO NEVER TRIED)
you call to place an order and instead of "a wait" you get "a few minutes longer wait"
you could call it a pause to allow everyone to look at their stock data or to make calls
BUT YOU COULD CALL IT AN UN-EXPLAINED FREEZE (corrupt) since it is always true that the numbers are changing and always true people took time to look at the numbers before they called a trade in
(the "pausing" has no real meaning. 7 minutes of pause isn't long enough to allow cold traders to become informed and change position. it's only long enough for short traders to be delayed while on hold?)
short traders are "fidgety" they don't like being held on the phone during active trading. 7 minutes might be long enough they'd hang up and call in with a different trade proposition - screwing over the trader who though he had business on the line
long traders hate short traders - think they're bad for the market and that digital trading shouldn't have been allowed
the truth is that "immediate digital trades" are still not allowed (THIS MIGHT AMAZE THOSE WHO NEVER TRIED)
you call to place an order and instead of "a wait" you get "a few minutes longer wait"
you could call it a pause to allow everyone to look at their stock data or to make calls
BUT YOU COULD CALL IT AN UN-EXPLAINED FREEZE (corrupt) since it is always true that the numbers are changing and always true people took time to look at the numbers before they called a trade in
(the "pausing" has no real meaning. 7 minutes of pause isn't long enough to allow cold traders to become informed and change position. it's only long enough for short traders to be delayed while on hold?)
short traders are "fidgety" they don't like being held on the phone during active trading. 7 minutes might be long enough they'd hang up and call in with a different trade proposition - screwing over the trader who though he had business on the line
long traders hate short traders - think they're bad for the market and that digital trading shouldn't have been allowed
Re: NYSE halts trading 2nd time this week ? OR IS THAT FAKE NEWS. CME was closed AFTER HOURS, and NYSE halted only targeted trades.
Posted by:
k
()
Date: March 12, 2020 05:32PM
d
Re: NYSE halts trading 2nd time this week ? OR IS THAT FAKE NEWS. CME was closed AFTER HOURS, and NYSE halted only targeted trades.
Posted by:
k
()
Date: March 13, 2020 07:34PM
d
Re: NYSE halts trading 2nd time this week ? OR IS THAT FAKE NEWS. CME was closed AFTER HOURS, and NYSE halted only targeted trades.
Posted by:
k
()
Date: March 15, 2020 05:07PM
d