Former President Franlin Delano Roosevelt once said, In politics nothing happens by accident. If it happens, you can bet it was planned that way. So when the New York Stock Exchange halts trading on July 8 for what they call a ‘gltch’, but trading in certain areas like the Bond market continue without delay, one has to wonder if the suspension was fixed, or truly an ‘act of nature’.
Yet what makes this market halt very suspect is the number of other events that took place in both the markets, and with market publications on the same day. In China overnight, their stock markets were halted and a new rule was implemented stating that large Chinese shareholders could not sell their positions for the next six months. And over in the U.S., two online financial publications, Zerohedge and the Wall Street Journal, were down for between 1 and 3 hours, and an internet issue affected United Airlines causing flight delays and cancellations all across the country.
Coincidence? Cyber hack? Or… planned domestic take down?