UAL, Now NYSE Shut Down For 'Computer Glitches'

[Kathianne]

Coinkydink?

http://finance.yahoo.com/news/nyse-temporarily-suspends-trading-securities-155649443.html


NEW YORK (Reuters) - The NYSE Group, which includes the New York Stock Exchange, has suspended trading in all securities due to technical difficulties, the unit of Intercontinental Exchange Inc (ICE.N) said on Wednesday.


"We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market reopen," a spokeswoman for the exchange operator said in a statement.
The stocks continue to trade on other exchanges, such as those run by Nasdaq OMX Group (NDAQ.O) and BATS Global Markets.
"It's under control," Mark Otto of market maker J. Streicher & Co in New York said on the NYSE floor. "We're just waiting for word. There's no sign of panic at all."
The issues at NYSE came on the same day that computer problems led United Airlines to ground all its flights for about two hours.
The U.S. Department of Homeland Security said there were no signs" that the problems at NYSE and United Airlines stemmed from "malicious activity," CNN reported.

...

United had grounded all planes for hours:

http://abcnews.go.com/Travel/united-airlines-flights-grounded-nationwide-automation-issues-faa/story?id=32297190


United Airlines (http://abcnews.go.com/topics/business/airlines/united-airlines.htm) flights were temporarily halted nationwide this morning after the FAA said a computer glitch -- something it called "automation issues” -- forced planes to be grounded.
The FAA’s Air traffic Control System Command Center reported that planes have been grounded at all airports, although the system slowly returned back to normal.

[jimnyc]

Perhaps hacking that we're not being told about? Is that what you're thinking?

[Kathianne]

Perhaps hacking that we're not being told about? Is that what you're thinking?

Seems WSJ lost their homepage for awhile right after NYSE went down. They got it back up, but DOW Jones isn't saying anything about it.

Must say it's very weird.

Now who or what country has a problem with markets, traveling, and financial news and proven means to hack?

[jimnyc]

Seems WSJ lost their homepage for awhile right after NYSE went down. They got it back up, but DOW Jones isn't saying anything about it.

Must say it's very weird.

Now who or what country has a problem with markets, traveling, and financial news and proven means to hack?

Of course my first thought is China. But who the hell knows these days who ISIS is able to pay to help them with the money they are making off of the oil and banks. But to pull off a massive hack, I'm leaning towards China.

And this:

While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression.

In any normal summer, a 30pc fall in the Chinese stock market – a loss of value roughly equivalent to the UK’s entire economic output last year – after an ascent which had seen share prices more than double within the space of a year would have been front page news across the globe.

The dramatic series of government interventions to stem the panic – hitherto unsuccessful, it should be added – would similarly have been up there at the top of the news agenda. Yet the pantomime of the Greek debt talks, together with the tragi-comedy of will they, won’t they leave the euro, has relegated the story to little more than a footnote - even though 940 companies, more than a third, have now suspended trading on China’s two main indices.

The parallels with 1929 are, on the face of it, uncanny. After more than a decade of frantic growth, extraordinary wealth creation and excess, both economies – America in 1929 and China today – are at roughly similar stages of economic development. Both these booms, moreover, are in part explained by extremely rapid credit growth. Indeed, China’s credit boom dwarfs that of even the “roaring Twenties”. Borrowed money, or margin investing, played a major role in both these outbreaks of speculative excess.

True, the Chinese stock market bubble is only a one-year wonder, whereas the build-up to the Wall Street Crash of 1929 was more sustained. Even so, the comparison still holds. As noted by JK Galbraith in his classic account, The Great Crash 1929, even as late as 1927 it was possible to argue that American stocks represented fair value.

http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html

[Kathianne]

Of course my first thought is China. But who the hell knows these days who ISIS is able to pay to help them with the money they are making off of the oil and banks. But to pull off a massive hack, I'm leaning towards China.

And this:

While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression.

In any normal summer, a 30pc fall in the Chinese stock market – a loss of value roughly equivalent to the UK’s entire economic output last year – after an ascent which had seen share prices more than double within the space of a year would have been front page news across the globe.

The dramatic series of government interventions to stem the panic – hitherto unsuccessful, it should be added – would similarly have been up there at the top of the news agenda. Yet the pantomime of the Greek debt talks, together with the tragi-comedy of will they, won’t they leave the euro, has relegated the story to little more than a footnote - even though 940 companies, more than a third, have now suspended trading on China’s two main indices.

The parallels with 1929 are, on the face of it, uncanny. After more than a decade of frantic growth, extraordinary wealth creation and excess, both economies – America in 1929 and China today – are at roughly similar stages of economic development. Both these booms, moreover, are in part explained by extremely rapid credit growth. Indeed, China’s credit boom dwarfs that of even the “roaring Twenties”. Borrowed money, or margin investing, played a major role in both these outbreaks of speculative excess.

True, the Chinese stock market bubble is only a one-year wonder, whereas the build-up to the Wall Street Crash of 1929 was more sustained. Even so, the comparison still holds. As noted by JK Galbraith in his classic account, The Great Crash 1929, even as late as 1927 it was possible to argue that American stocks represented fair value.

http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html

Bingo!

[fj1200]

And this:

...

True, the Chinese stock market bubble is only a one-year wonder, whereas the build-up to the Wall Street Crash of 1929 was more sustained. Even so, the comparison still holds. As noted by JK Galbraith in his classic account, The Great Crash 1929, even as late as 1927 it was possible to argue that American stocks represented fair value.

http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html

Though there don't seem to be any hints of protectionism or tax hikes in their future and hopefully they don't have an executive as bad as Hoover. It may just be a 1987 or 2000 type "bubble."

[fj1200]

Bingo!

A crash in China will not take down the world IMO.

[Kathianne]

A crash in China will not take down the world IMO.
I may be mistaken, but don't think I said or even implied anything of the sort.

[aboutime]

Another reason, or excuse for all of the expected CONSPIRACY THEORY JUNKIES to jump on the bandwagon again?Why not do the adult, sincere, realistic thing and JUST WAIT to learn ALL THE FACTS before declaring all the WHAT IF'S again.Coulda' shoulda' Woulda???? ANYONE?

[jimnyc]

"It's the end of the world as we know it". <--- can't remember who sings that and don't care, just had it pop into my head. It will likely be there for the next few months. :(

I'm not as concerned with China crashing as I am with those crazy fuckers trying to hack and cause us harm in other ways. They can certainly cause harm if they fuck up our financial system, or shutdown airlines. Perhaps it is just a glitch, and a coincidence, but I still don't truth them.

I got my eye on you China.

http://i.imgur.com/fFaZLjM.jpg

[jimnyc]

Another reason, or excuse for all of the expected CONSPIRACY THEORY JUNKIES to jump on the bandwagon again?Why not do the adult, sincere, realistic thing and JUST WAIT to learn ALL THE FACTS before declaring all the WHAT IF'S again.Coulda' shoulda' Woulda???? ANYONE?

Then what would we talk about? :dunno:

[aboutime]

Then what would we talk about? :dunno: Well, since it seems so difficult for anyone to talk about the TRUTH...Good point! Honest facts work for me. Hypothetical, like Conspiracy Theories...is what makes STUPIDITY win.

[jimnyc]

Well, since it seems so difficult for anyone to talk about the TRUTH...Good point! Honest facts work for me. Hypothetical, like Conspiracy Theories...is what makes STUPIDITY win.

I believe we was just talking man. You know, tossing a few ideas back and forth, nothing in stone though. Maybe we created an international incident for no reason? :poke:

C'mon man, there's no stupidity in discussing ideas, even without the full facts, just ideas. What happened, in one day, is just odd is all. So we tossed out our thoughts. :chillpill: Hell, 90% of the threads on the board are based solely on opinions. I really don't understand what the big dealio is? And please don't say never mind, or forget it, help me understand muchacho?

[aboutime]

I believe we was just talking man. You know, tossing a few ideas back and forth, nothing in stone though. Maybe we created an international incident for no reason? :poke:C'mon man, there's no stupidity in discussing ideas, even without the full facts, just ideas. What happened, in one day, is just odd is all. So we tossed out our thoughts. :chillpill: Hell, 90% of the threads on the board are based solely on opinions. I really don't understand what the big dealio is? And please don't say never mind, or forget it, help me understand muchacho? But, there is real stupidity in getting to feel like you were the first person to CREATE the Hypothetical, Conspiracy that either becomes factual LATER, or just goes away. Everybody wants to be the FIRST...like the MSM, to report their idea's that may, or may not pan out as factual.Which is why I suggested WAITING until all of the REAL FACTS are disclosed.If you want to call hypotheticals IDEA'S...you are part of the problem, and I don't accept that as an excuse.

[jimnyc]

But, there is real stupidity in getting to feel like you were the first person to CREATE the Hypothetical, Conspiracy that either becomes factual LATER, or just goes away. Everybody wants to be the FIRST...like the MSM, to report their idea's that may, or may not pan out as factual.Which is why I suggested WAITING until all of the REAL FACTS are disclosed.If you want to call hypotheticals IDEA'S...you are part of the problem, and I don't accept that as an excuse.

I love you buddy :)

[NightTrain]

Seems awfully coincidental to me.

[Abbey Marie]

Did you hear that the NYC Subway shut down at many stations at the same time?

[Kathianne]

Did you hear that the NYC Subway shut down at many stations at the same time?
More coinkydink!

[jimnyc]

Seems awfully coincidental to me.


Did you hear that the NYC Subway shut down at many stations at the same time?


More coinkydink!

I thought I told you bastards to stop talking about this! Now stop, dangit, until you can come back here to these parts with some facts!! :coffee:

[Kathianne]

I thought I told you bastards to stop talking about this! Now stop, dangit, until you can come back here to these parts with some facts!! :coffee:

That would not be 'bastards' for two of us. ;)

[jimnyc]

That would not be 'bastards' for two of us. ;)

Well I call everyone that, so there! My dogs are bastards, so is the cat. And when my fish don't eat and let the food sit on the bottom of the tank, they're bastards too. Same as the little bastard birds who chirp so early in the morning and wake me up.

Besides, I figured it might be incorrect if I changed things based on gender. That's so sexist!

[LongTermGuy]

Well I call everyone that, so there! My dogs are bastards, so is the cat. And when my fish don't eat and let the food sit on the bottom of the tank, they're bastards too. Same as the little bastard birds who chirp so early in the morning and wake me up.

Besides, I figured it might be incorrect if I changed things based on gender. That's so sexist!


:clap::clap::clap::laugh:


http://www.glocktalk.com/attachments/elresplandr-gif.254215/

[jimnyc]

"Heeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeerrrrrrrrrrrrr rrrrrrrrrrrrrrrrrrrreeeeeeeeeeeeeeeeeeeeeeeeeee's Johnny!" :laugh:

[Kathianne]

http://thehill.com/policy/finance/247312-day-of-technical-glitches-puts-lawmakers-on-edge


Day of ‘technical’ glitches puts lawmakers on edge By Peter Schroeder and David McCabe - 07/08/15 09:02 PM EDT





Lawmakers are having a hard time swallowing the idea that a major stock exchange, a global airline and a prominent media outlet coincidentally suffered major outages on the same day.


The New York Stock Exchange halted trading for roughly four hours Wednesday, and United Airlines had to ground all of its flights in the morning, both citing technical problems as the culprit. And shortly after the stock exchange went down, the homepage for The Wall Street Journal crashed.

...

But FBI Director James Comey acknowledged the timing of the outages could certainly lead to questions and vowed to examine the matter.


“We are not big believers in coincidence either,” he told the Senate Intelligence Committee Wednesday. “We want to dig into that. So we’ve been in contact with all three companies to understand what’s going on.


“In my business you don’t love coincidences, but [it] does appear there is not a cyber intrusion involved,” he added.
...

[Kathianne]

Oh, more coinkydink:

http://thehill.com/policy/finance/247225-anonymous-issued-cryptic-tweet-on-eve-of-nyse-suspension


International hacking group Anonymous wished Wall Street ill the night before the New York Stock Exchange temporarily suspended trading on all securities.
The activist group tweeted late Tuesday:


Anonymous‏@YourAnonNews (https://twitter.com/YourAnonNews)

Wonder if tomorrow is going to be bad for Wall Street.... we can only hope.




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8:45 PM - 7 Jul 2015

[fj1200]

I may be mistaken, but don't think I said or even implied anything of the sort.

That would seem to be the logical outcome in comparing the '29 crash in particular vs. any of the other crashes there have been over time. :)

[jimnyc]

That would seem to be the logical outcome in comparing the '29 crash in particular vs. any of the other crashes there have been over time. :)

I think the logical outcome with the comparison would be that there would be serious issues if that were to happen, not that it would "take down the world". It could theoretically cause a shitload of issues though. The article basically was pointing out the similarities was all.

[NightTrain]

Well I call everyone that, so there! My dogs are bastards, so is the cat. And when my fish don't eat and let the food sit on the bottom of the tank, they're bastards too. Same as the little bastard birds who chirp so early in the morning and wake me up.

Besides, I figured it might be incorrect if I changed things based on gender. That's so sexist!

<iframe width="420" height="315" src="https://www.youtube.com/embed/PFZoUa3K-U0" frameborder="0" allowfullscreen></iframe>

[jimnyc]

^^ One of the best episodes ever! The baseball guys visit from Texas, and Kramer and his hot tub force the power in the building to go out, and the guy misses the marathon again!! Kramer rocks!! LOL

[fj1200]

I think the logical outcome with the comparison would be that there would be serious issues if that were to happen, not that it would "take down the world". It could theoretically cause a shitload of issues though. The article basically was pointing out the similarities was all.

There are a thousand crashes for similarities. Why choose the one that came prior to the Great Depression? :)

[jimnyc]

There are a thousand crashes for similarities. Why choose the one that came prior to the Great Depression? :)

Because the article writer sees similarities between what is happening to them and 1929. That wasn't too hard. :)

[fj1200]

Because the article writer sees similarities between what is happening to them and 1929. That wasn't too hard. :)

Because he's reporting on the belief that it will lead to more.


In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression.

[NightTrain]

Because he's reporting on the belief that it will lead to more.

Well, evidently China is terrified that it could come crashing down. The Chinese government stepped in and seriously interfered with the market instead of allowing it to run the course to stabilize.

[fj1200]

Well, evidently China is terrified that it could come crashing down. The Chinese government stepped in and seriously interfered with the market instead of allowing it to run the course to stabilize.

Evidently they are. But it's not going to take down the world.

IMO. :)

[jimnyc]

Evidently they are. But it's not going to take down the world.

IMO. :)

Well, I suppose it's a good thing that none of us stated such then. :rolleyes:

[fj1200]

Well, I suppose it's a good thing that none of us stated such then. :rolleyes:

Yup, nobody did. I was disagreeing with the article.

[jimnyc]

Yup, nobody did. I was disagreeing with the article.

Oh, my bad then, sorry. I missed the part in the articles where they stated that.

[jimnyc]

Oh, my bad then, sorry. I missed the part in the articles where they stated that.

Not sure why I was thanked for this, as it was sarcastic, as I still can't find in the article when it mentions anything about taking down the world. I did a search just to make sure, and the words simply aren't there. :)

[Kathianne]

Because the article writer sees similarities between what is happening to them and 1929. That wasn't too hard. :)

Indee. The graphs nearly identical.

[Gunny]

Perhaps hacking that we're not being told about? Is that what you're thinking?

We're being hacked. Too many things went wrong in one day. Took me 2 hours to un-f-k my computer.