(Update 11:32 AM: As if investor angst wasn’t running at a high enough level already, trading on the floor of the NYSE for ALL stocks has been suspended for an as of yet undetermined reason although off-floor third market trading is still taking place!)
(Update 1:45 PM: Is yesterday’s Tweet from the cyber-hacking organization Anonymous merely a coincidence or is there some connection to the NYSE, Wall Street Journal and United Airlines?)
(Update 3:10 PM: Trading on the NYSE has resumed)
The world has become a series of interrelated markets where one region catching a cold can potentially morph into a global epidemic!
There’s Greece of course with its massive economic and social turmoil as the country decides between the two bad outcomes at its disposal of either staying in or leaving the Eurozone.
There’s also our own economic turmoil in Puerto Rico, Illinois, etc. not to mention the potential for an actual China Syndrome in a place that could create a dire issue on a global scale and yet is rarely spoken about, Fukushima.
But at least for today, the focus is most definitely on China!
Article author Michael Haltman is the President of Hallmark Abstract Service in New York.
HAS is a provider of title insurance in New York State for residential and commercial real estate transactions.Google+