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July 9, 2015

Opinion: Why the NYSE trading halt should alarm investors

“SAN FRANCISCO (MarketWatch) — Look out, China. The Big Board on Wednesday suspended trading in all stocks.

OK. Bad jokes aside, the sudden and unexplained halt in trading Wednesday at the New York Stock Exchange should alarm investors. Even if the NYSE is not the victim of cyber terrorism and is simply experiencing a regular technical glitch, if the exchange was forced to hit the ‘off’ switch, it signals a vulnerability of a market that is almost entirely electronic and highly technical.”

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“Poll after poll shows market trust is in the dumps. Last summer, Better Markets found that 64% of voters don’t trust the markets and 60% support more regulation. A poll by CNBC in March 2014 found 75% of respondents felt the market was ‘rigged.'”

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Read the full MarketWatch article by David Weidner here.

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