Market Overview

NASDAQ Gets Halted: Shady Wall Street Continues


Just yesterday, an 'upgrade' to the systems of Goldman Sachs caused major losses to the bank. Rumors put it at over $100 million. The governing bodies stepped in and negated all the losses. Today, the NASDAQ has been halted due to a trading 'glitch'.

One has to wonder what shady activity is going on here. Did the NASDAQ get hacked and 'they' just do not want to tell the public? Whatever the reason is, it shows who wins out every time. The markets were halted not because the little guy may take a small loss but because the institutions have billions of Dollars at risk with these high frequency trading programs. Things are so screwed now towards pampering the institutions, the only true way a small investor can safely navigate is to be in and out short term.

Gareth Soloway

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets


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