Just now on CNBC, messaging software at NYSE has more glitches...

[originalpckelly]

Weird software glitches on the handheld trading systems.

Bad housing report as well, may send markets downward.

[Xenotime]

1. Sounds like a computer hack to me...

Somebody is bringing down the economy.

[originalpckelly]

2. It's the internal messaging system between traders on the floor...

I don't know if it is attached to an external network, and if it is, that's a bunch of dumb crap.

[havocmom]

3. Would the system have a braking mechanism at a certain trade volume?

I know so little about stock trading and just slightly more about tech toys.

[originalpckelly]

4. Only trading curbs when the market goes down severely...

right now, we're way above the territory where we'd see the curbs go into effect.

What's going on now may be a technical limit in the volume that the messaging system can handle.

It's being reported as sporadic, but this is one of many error that happened yesterday.

[havocmom]

5. Thanks, OPCK

[sabbat hunter]

6. stock market and economy

just because the market goes lower, it does not mean that the economy will go in the tank. the stock market is a very small part of the overall economy. it will reflect how the economy is doing, but not affect the economy.