July 14, 2015

NYSE computer glitch another reason to becareful of buying stocks

.... NYSE computer glitch will put another dagger into the heart of the retail investor. It simply doesn't engender confidence.

Just as the "talking heads" who dismiss China, Greece, Russia and Latin America as market threats, those who dismiss computer "glitches" as non-consequential should be locked in a closet away from children (and investors who act like children).

The business media has come to the NYSE's defense today. I'm not surprised that the media aren't going to the bathroom where they eat, but I don't share their view. The NYSE is at least partially responsible for today's outage.