Bob Greifeld Happy He Won’t Be The Only Exchange Chief Not Celebrating An Artificial Milestone TomorrowBy Jon Shazar
Unlike the Dow or the S&P, the Nasdaq Composite Index isn’t going to break any records this year. That will have to wait until next year, and that is assuming that the Nasdaq can do next year what it’s done this year, which is beat both the Dow and S&P and return 30%-plus.
Given said 30%-plus return this year (32.92% and counting), and given all the hoopla that surrounded the other indices’ record-setting ways, it would have been very nice, at least, for the Nasdaq to settle at or above a nice, round number, one that it hasn’t seen in 13 years. Well, that, too, will have to wait for another day. Read more »
Nasdaq Officials Might Have Had An Inkling Something Was Wrong, Didn’t Feel Like Doing Anything About ItBy Jon Shazar
Remember those three hours when you couldn’t trade any Nasdaq-listed securities? It may not have come as such a surprise to some people, although they probably wish it had now that a Wall Street Journal reporter knows their little get-togethers in the six months leading up to Aug. 22. Read more »
The New York Stock Exchange has struck upon a novel idea/way to further humiliate a rival and rub its face in its great victory: The Big Board is actually going to test its systems before holding a major IPO. Read more »
Is there like a five-minute rule for equity traders and Nasdaq shutdowns? I suppose if you are at a bar now and not reading this because you took off after the first hour of Nasdaq down time, the joke is on you because it got better and all your more diligent competitors are making money while you’re not. Today’s session ended with about half an hour of what I will guess was some fairly drunken trading.