tyb
>>8274126 lb
then go buy it. Don't pay attention to the price afterwards. You own it. Unlike the people who "bought" an ETF or allocated retirement acct. None of them own jack-just a paper promise to deliver. It will be a long line they will all get in if they want delivery. The COMEX, in the past has bribed the contract holders with cash payments to not stand for delivery. Totally illegal according to it's own set of rules but hey… what are rules right?
NYSE Announces Disaster-Recovery Test Due To Virus Fears
In a somewhat shocking sounding move, given administration officials' ongoing effort to calm the public fears over the spread of Covid-19, The New York Stock Exchange has announced it will commence disaster-recovery testing in its Cermak Data Center on March 7 amid coronavirus concern, Fox Business reports in a tweet, citing the exchange.
“During this test, NYSE will facilitate electronic Core Open and Closing Auctions as if the 11 Wall Street trading floor were unavailable,” Fox says.
To reiterate, the disaster recovery plan is to check the process that would occur if Covid-19 'public distancing' proposals come into effect and effectively shut the trading floor?!
The test is reported to occur March 7 between 8:30 am-11 am.
https://www.zerohedge.com/markets/nyse-announces-disaster-recovery-test-due-virus-fears
further shutting off access for retail,,,but hey it's just a "test".
After Two-Hour Trading Halt, Toronto Exchanges Open With Plunge
Canadian stocks plunged, playing catchup to the rout in global markets after a technical glitch closed the main exchange two hours early in the midst of Thursday’s meltdown.
The S&P/TSX Composite Index fell as much as 4.8% Friday to 15,813.03, the biggest intraday drop in almost five years. The materials index took the biggest hit with a 5% drop as companies linked to the global economy slumped and gold tumbled on profit taking.
Canadian stocks had been holding up fairly well at the start of the cornavirus outbreak but with the economic impact of the virus spreading, the nation’s market has crumpled.
“Our concern is that the disruption of the supply chain doesn’t just get switched on again,” Jay Jacobs, head of research and strategy at Global X Management said in an interview at Bloomberg’s Toronto office. It can take weeks to get back on track and that’s why the coronavirus is especially detrimental to the miners and resource companies that populate Canadian exchanges. Toronto followed other global markets down with U.S. equities posting their seventh straight loss and investors rushing into the safety of government bond markets.
The Toronto Stock Exchange said Thursday’s interruption was caused by a system capacity issue within the messaging technology component of TMX Group Ltd.’s trading engine. The high volume of messages received — such as buy and sell orders, and requests to modify orders were at the root of the issue, the company said in an emailed statement. The bourse said it has undertaken necessary measures to mitigate the risk of recurrence and that the incident was not the result of a cyber-security attack.
https://www.bloomberg.com//news/articles/2020-02-28/after-two-hour-trading-halt-toronto-exchanges-open-with-plunge
they markets and actual real economy have nothing to do with each other now. What you are seeing, in the markets, is the perception of a slow-down. There is little to no empirical evidence that this virus bullshit has had an impact on our real economy. This is fear pron. Is it affecting your 401k's-yes it is but you have to understand where that value came from over the last 9+ years.
You obviously think that the markets reflect our economy. They have not for years. Thanks for playing
glad there is nothing going on in the financial world today.
where is your caps lock brah?