[HN Gopher] Nasdaq CEO Suggests Halt to Allow Investors to 'Reca...
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       Nasdaq CEO Suggests Halt to Allow Investors to 'Recalibrate' to
       Combat Reddit
        
       Author : caseysoftware
       Score  : 32 points
       Date   : 2021-01-28 20:25 UTC (2 hours ago)
        
 (HTM) web link (www.msn.com)
 (TXT) w3m dump (www.msn.com)
        
       | dirtyoldmick wrote:
       | They are going to keep changing the rules so nobody can win but
       | the big guys.
        
       | 29athrowaway wrote:
       | Recalibrate = develop bots that analyze WSB
        
       | mensetmanusman wrote:
       | The perils of direct democracy and individuals making decisions.
       | 
       | We need an elite group of ultra wealthy individuals and
       | politicians to protect us from ourselves.
        
       | tolbish wrote:
       | > "I think that, in general, when we evaluate how we would manage
       | through a situation where you see a significant run-up in a stock
       | not based on news, not based on fundamentals"
       | 
       | 'Fundamentals' is certainly a euphemism.
        
       | caseysoftware wrote:
       | ^ Note that this was actually published yesterday (Wednesday)
       | afternoon so the intent was there long in advance of the
       | "outages" this morning.
       | 
       | It's also why "collusion" between brokers will be a challenge
       | because you don't need collusion if everyone knows the exchange
       | itself supports the idea. Then it's just a matter of timing which
       | doesn't have to be perfect.
        
       | Jkvngt wrote:
       | Lots of people are going to take this as a blow against small
       | investors. Janet Yellen's taken $7 million in speaking fees from
       | Melvin's largest backer.
        
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       (page generated 2021-01-28 23:02 UTC)