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(14,971 posts)Tommy_Carcetti
(43,181 posts)Are we having some cyber issues today?
djean111
(14,255 posts)The United shutdown is frightening.
lonestarnot
(77,097 posts)leveymg
(36,418 posts)Last edited Wed Jul 8, 2015, 01:37 PM - Edit history (2)
Just like '29. Margin calls were/are? a major source of contagion across the Board.
Follows right along from with this extraordinary news from earlier today:
Source: Bloomberg
by Ye XieBelinda Cao
July 8, 2015 8:10 AM EDT
Updated on July 8, 2015 9:19 AM EDT
Chinas securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nations $3.5 trillion stock-market rout.
Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard capital-market stability amid an unreasonable plunge in share prices, the CSRC said.
While China has already ordered government-owned institutions to maintain or boost their stock holdings, the CSRCs directive expands the ban on sales to non-state companies and potentially foreign investors who own major stakes in mainland businesses. Regulators have unveiled market-boosting measures almost every night over the past 10 days, steps that have so far failed to revive investor confidence. Foreign traders sold Chinese shares at a record pace this week in part due concerns over the governments meddling in markets.
This is not something that would happen in the U.S. or in any other developed market, said Brian Jacobsen, who helps oversee $250 billion as the chief portfolio strategist at Wells Fargo Funds Management. It does smell a little bit of desperation. But in China its a very unique system and they are taking unique steps to try to stop the drop.
Read more: http://www.bloomberg.com/news/articles/2015-07-08/china-bans-stock-sales-by-major-shareholders-for-six-months
global1
(25,242 posts)First United and now NYSE - seems like something more sinister is going on. Cyber attacks. Hacking. Hmmmm......
randome
(34,845 posts)Or is it the NSA? No! It's Snowden getting his revenge on all of us!
Or...there are 2 technical glitches at the same time. It must be Wednesday.
[hr][font color="blue"][center]There is nothing you can't do if you put your mind to it.
Nothing.[/center][/font][hr]
irisblue
(32,969 posts)edited....a cyber war if the United States doesn't win....well,
WilliamPitt
(58,179 posts)I got out of the business of believing in coincidences a while ago.
JaneyVee
(19,877 posts)Le Taz Hot
(22,271 posts)hifiguy
(33,688 posts)lonestarnot
(77,097 posts)Glassunion
(10,201 posts)KittyWampus
(55,894 posts)Fumesucker
(45,851 posts)flobee1
(870 posts)Then a reboot and you should be good to go!
Eleanors38
(18,318 posts)Tommy_Carcetti
(43,181 posts)Orrex
(63,203 posts)TBF
(32,053 posts)Tumbling stock in China could be affecting other exchanges
They are saying technical issues and that could also be true - United airlines was down for awhile today so perhaps some cyber-attacking going on??
Could be either, or something else entirely ...
jwirr
(39,215 posts)TeeYiYi
(8,028 posts)I don't think that's a coincidence.
TYY
lonestarnot
(77,097 posts)TeeYiYi
(8,028 posts)...and it just wants you to think it's "tired."
TYY
bigwillq
(72,790 posts)SidDithers
(44,228 posts)Sid
lonestarnot
(77,097 posts)B Calm
(28,762 posts)a kennedy
(29,655 posts)to see what the U.S. would do in a crisis". Right, they don't wast to cause a panic..... I dispise faux noise. Ugh
G_j
(40,367 posts)The New York Stock Exchange unexpectedly shut down trading in all of its listed stocks late Wednesday morning.
The exchange did not immediately give an explanation for what caused the shutdown. In an alert on its website, it wrote: Additional information will follow as soon as possible.
The New York Stock Exchange, which is now owned by Intercontinental Exchange, has had, like other stock exchanges, technical difficulties in the past, but the scale of the problem on Wednesday has little precedent.
Nearly 45 minutes after the shutdown, there was still little clarity on what was causing the problem. Stocks listed on the New York Stock Exchange continued trading on other exchanges, such as Nasdaq.
In a statement, a Nasdaq spokesman said: Nasdaq systems are operating normally and are trading all symbols including Tape A (NYSE) securities.
Other exchanges operated by the New York Stock Exchange, such as its options exchange, continued operating normally on Wednesday.
Law enforcement agencies with federal government are monitoring the situation but as of midday Wednesday there was no indication of anything malicious with the troubles at the N.Y.S.E., said several people briefed on the situation.
madinmaryland
(64,931 posts)MineralMan
(146,288 posts)Or even Windows 3.1.
madinmaryland
(64,931 posts)MineralMan
(146,288 posts)In reality, the NYSE, itself, doesn't operate on any version of Windows, I'm sure. I was just making a Microsoft joke.
By the way, I'm still using Office 2000 on a daily basis. I believe it was the very best version of Word, at least, by far. I've been installing it on every new computer I've purchased. I use Word constantly in my work, and dislike every version after 2000, with a white hot hatred.
Response to lonestarnot (Original post)
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Orsino
(37,428 posts)Hiraeth
(4,805 posts)closeupready
(29,503 posts)By manipulating the market. Just speculating.
ladyVet
(1,587 posts)But would we listen? Noooooo.