NYSE Suspends All Stock Trading... Reopens at 3:10 PM EDT

 

NYSE suspends trading on all issues because of 'technical issues' according to Bloomberg as of 11:32 AM EDT.

All open orders have been cancelled.

Other exchanges remain open, such as Nasdaq and BATS, and stocks continue to trade there.  NYSE ARCA and options are still open for trading.

There are eleven stock exchanges in the US.

It is not yet known whether the stock market indices which obtain data from the NYSE are being calculated correctly.

Federal officials have found no evidence of a cyber attack. 

NYSE has disclosed 'gateway connectivity' issues at the open.  The problem may be centered around the FIX (Financial Information Exchange) software engine.

Bloomberg reports that the Wall Street Journal website is also down.

More news as it becomes available will be listed here.

Shanghai Composite Index Compared To Nasdaq 'Dot Com' Bubble

This could prove to be an interesting comparison.

Let's see if it stays on track.

There are quite a few protracted distortions in the global markets. 

And quite a few of them have nothing to do with Asia.

Here is a picture of the 2008 Shanghai stock bubble collapse.

'Owners Per Ounce' of Gold at the Comex

The trend of the 'owners per ounce' on the Comex is climbing as the amount of paper bets increases and the ounces of gold bullion for sale at these prices decreases.

There is more than sufficient gold in private hands to satisfy the demands of the increasingly paper leveraged Comex. Just not as these prices perhaps, despite the heavy handed attempts to knock the open interest out of the hands of the longs.